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Property profile & analytics
FOR LEASE
Industrial properties
883 Airport Park Rd, Glen Burnie, MD 21061
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-1476533
For Lease
1 / 3
$12,620,000
883 Airport Park Rd, Glen Burnie, MD 21061
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
27,826 SF
Lot
5.33 ac (232,175 SF)
Zoning code
W1
APN
05-084-90052786
UPID
US40-1476533
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
National Precision Building Supply Construction Company
-
Tektron Micro Electronics Inc Production Facility
-
bisco industries Building Supply Construction Company
-
Metro Swim Shop Swimwear Store
-
General Dynamics Corporation Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.65M
Blend (final)
Blend
$12.62M
Owner & transaction history
Cromwell 883 & 889 LLC · 5 yrs held
Cromwell 883 & 889 LLC
since 2020
3 recorded transactions
Zoning & alternative use
W1 · Glen Burnie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.5M
+16.0%
Auto repair, garage
$11.8M
+1.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Glen Burnie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Burnie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,660,000
Current use
RESTAURANT
$13,520,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,835,000
Change: +2% · Conversion: Easy
RETAIL STORES
$11,530,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$10,190,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$12.62M
Range $11.36M – $13.88M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$454 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$56,165
Tax year 2023
Assessed value
$5,143,300
Assessed 2023
Previous assessed
$5,142,900
+0.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,385,800
Improvement market value
$3,758,300
Total market value
$5,144,100
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
For Lease
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
27,826 SF
Lot
5.33 ac (232,175 SF)
Zoning code
W1
APN
05-084-90052786
UPID
US40-1476533
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W1 · Glen Burnie, MD
Zoning W1 · permitted uses
W1 · Glen Burnie, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glen Burnie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.7M
RESTAURANT
Est. value
$13.5M
AUTO REPAIR, GARAGE
Est. value
$11.8M
RETAIL STORES
Est. value
$11.5M
MEDICAL BUILDING
Est. value
$10.2M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
5.33 ac
Current owner
From public records · entity-resolved
Cromwell 883 & 889 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2560 LORD BALTIMORE DR, BALTIMORE, MD 21244-2677
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2020
—
Cromwell 883 & 889 LLC
Mie Cromwell Jv LLP
Quit Claim Deed
related
—
—
—
Mie Cromwell Joint Venture LLP
—
Deed Of Trust
related
$3,300,000 · Aetna Life Insurance Co
—
—
Mie Cromwell Jv LLP
—
Deed Of Trust
related
$4,100,000 · Aetna Life Insurance & Annuity
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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