Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    989 Corporate Blvd Linthicum, MD 21090-2273
    Back to Search
    Property profile & analytics

    989 Corporate Blvd, Linthicum, MD 21090-2273

    View on Map
    • Life science properties
    • 41,083 SF
    • 10.47 lot acres
    Off-Market
    Last Sale Nov 2, 2021
    $24,600,000
    Property ID
    US40-1223183
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $24,600,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Michael D. Rhine, PT / Physician

    Property Details for 989 Corporate Blvd

    Year built
    2000
    Construction
    BRICK
    Lot size
    10.47 lot acres
    Zone code
    W1-BW
    Property type
    Life science properties
    APN
    05-409-90068156
    APU
    540990068156

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 28, 2022 — Coleman Logistics Assets LLC — Deed · related —
    Nov 17, 2021 — Coleman Logistics Assets LLC — Deed · related $77.1M · Hampshire Logistics Assets LLC
    Nov 2, 2021 $24,600,000 Coleman Logistics Assets LLC Icon Dp Md Owner Pool 2 West Northe Special Warranty Deed —
    Nov 12, 2019 — Icon Dp Md Owner Pool 2 West Northe — Deed · related —
    Mar 14, 2018 — Icon Dp Md Owner Pool 2 West & N — Deed · related $385M · Miscellaneous Ins Co
    Jun 27, 2012 $15,400 Bre Of Dp Md LLC Rph Industrial LLC Grant Deed —
    Oct 17, 2003 $12,040,000 Rph Industrial LLC Cabot Industrial Properties LP Grant Deed $171M · Archon Financial LP
    Aug 21, 1998 $2,513,064 Cabot Industrial Properties LP Joseph J Hock INC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $32,955,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Linthicum
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6749
    Latitude
    39.2086
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $171,230
    $0.00
    $0.00
    $15,680,367
    -
    $4,711,500
    $11,571,200
    $16,282,700

    Comparable in this City

    • Value Estimation by Request
      101,332 SF

      800 Science Dr

      R&D FACILITY, LABS, PHARMA
      800 Science Dr, Linthicum, MD 21090
      View Details
    • Value Estimation by Request
      57,232 SF

      800 International Dr

      R&D FACILITY, LABS, PHARMA
      800 International Dr, Linthicum Hts, MD 21090-2264
      View Details
    • Value Estimation
      $1,225,000
      57,232 SF

      900 International Dr

      R&D FACILITY, LABS, PHARMA
      900 International Dr, Linthicum Hts, MD 21090-2200
      View Details
    • Value Estimation
      $1,520,000
      210,621 SF

      1212 Winterson Rd

      R&D FACILITY, LABS, PHARMA
      1212 Winterson Rd, Linthicum Hts, MD 21090-2263
      View Details
    • Value Estimation by Request
      57,232 SF

      930 International Dr

      R&D FACILITY, LABS, PHARMA
      930 International Dr, Linthicum Hts, MD 21090-2232
      View Details
    • Value Estimation by Request
      0.06 Acres

      Hammonds Fry Rd

      INDUSTRIAL (GENERAL)
      Hammonds Fry Rd, Linthicum, MD 21090
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Building Near BWI Airport

      8,950 SF industrial building with easy highway access.
      823 Elkridge Landing Rd, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing

      BWI Business District Redevelopment Opportunity

      Six-acre commercial land redevelopment opportunity in BWI business district.
      1199 Winterson Rd, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      1,500 SF

      Linthicum Heights Office Space For Sale

      Office space with open area, conference room, and kitchen.
      833 Oregon Ave, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      47,844 SF

      Wingate by Wyndham Near BWI

      182-key hotel near BWI Airport with value-add potential.
      829 Elkridge Landing Rd, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing

      Retail Pad Site For Sale

      2,918 sf retail pad site in Linthicum Heights, Maryland.
      801 Elkridge Landing Rd, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      6,533 SF

      Linthicum Office Building Floor

      Full-floor signage and free on-site parking support strong visibility and convenient daily access.
      939 Elkridge Landing Rd, Linthicum, MD 21090
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      167,393 SF

      BWI Tech Park Office Space

      Class A Office & Flex Space in Linthicum Heights
      0 Nursery Rd, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      10,650 SF

      Warehouse with Office Space

      Warehouse with office space available for lease in Linthicum.
      1025 W Nursery Rd, Linthicum, MD 21090
      View Details
    • Contact for pricing

      Industrial Suite Near BWI Airport

      Industrial sublease with signage exposure near BWI Airport.
      825 Hammonds Ferry Rd, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      140,157 SF

      Linthicum Flex/Industrial Space Available

      Flex/industrial space featuring dock high loading and drive-in capability.
      815 Central Ave, Linthicum, MD 21090
      View Details
    • Contact for pricing
      3,600 SF

      Linthicum Heights Flex/Industrial Space

      3,600 SF flex/industrial space available for lease.
      823 N Hammonds Ferry Rd, Linthicum Heights, MD 21090
      View Details
    • Contact for pricing
      63,500 SF

      Linthicum Flex/Industrial Space Available

      63,500 SF flex/industrial space for rent in Linthicum.
      808 Barkwood Ct, Linthicum, MD 21090
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    989 Corporate Blvd
    Linthicum, MD 21090-2273
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    989 Corporate Blvd, Linthicum, MD, 21090
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!