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Property profile & analytics
OFF-MARKET
Estimated value
$9,280,000
Apartment buildings
Concorde Cir, Linthicum, MD 21090
Entity Owned
7-yr Hold
Free & Clear
Property ID
US40-1768877
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2017
Construction
FRAME
Total area
59,380 SF
Lot
11.38 ac (495,844 SF)
Zoning code
MXDT
APN
05-017-90046586
UPID
US40-1768877
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.28M
Blend (final)
Blend
$9.28M
Owner & transaction history
Avalon Arundel Crossing LLC · 7 yrs held
Avalon Arundel Crossing LLC
since 2018
3 recorded transactions
Zoning & alternative use
MXDT · Linthicum, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.2M
+255.2%
Retail stores
$11.3M
+204.1%
Auto repair, garage
$11.3M
+203.5%
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 Linthicum submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Linthicum 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
COMMERCIAL (GENERAL)
$13,180,000
Change: +255% · Conversion: Moderate
RETAIL STORES
$11,285,000
Change: +204% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,265,000
Change: +203% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,695,000
Change: +188% · Conversion: Difficult
RESTAURANT
$10,345,000
Change: +179% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,085,000
Change: +172% · Conversion: Difficult
Blend value · Realmo final
$9.28M
Range $8.35M – $10.21M · ±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
$156 / 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
$879,471
Tax year 2023
Assessed value
$80,537,633
Assessed 2023
Previous assessed
$80,537,633
+0.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$15,500,000
Improvement market value
$65,739,100
Total market value
$81,239,100
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
6
Stories
4
Units
310
Total area
59,380 SF
Lot
11.38 ac (495,844 SF)
Zoning code
MXDT
APN
05-017-90046586
UPID
US40-1768877
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
MXDT · Linthicum, MD
Zoning MXDT · permitted uses
MXDT · Linthicum, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Linthicum. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$13.2M
RETAIL STORES
Est. value
$11.3M
AUTO REPAIR, GARAGE
Est. value
$11.3M
INDUSTRIAL (GENERAL)
Est. value
$10.7M
RESTAURANT
Est. value
$10.3M
WAREHOUSE, STORAGE
Est. value
$10.1M
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
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
2017
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Buildings
6
Units
310
Lot
11.38 ac
Current owner
From public records · entity-resolved
Avalon Arundel Crossing LLC
Entity
Free & Clear · 7 yrs held
Mailing address
671 N GLEBE RD STE #800, ARLINGTON, VA 22203-2138
Ownership since
2018
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 12, 2018
$82,990
Avalon Arundel Crossing LLC
Concorde Circle Apartments LLC
Grant Deed
—
Apr 2, 2015
$13,360,000
Concorde Circle Apartments LLC
Home Properties Concorde Circle LLC
Special Warranty Deed
$46,100,000 · Jpmorgan Chase Bank NA
Dec 30, 2013
$12,400,000
Home Props Concorde Circle LLC
United Props LP
Grant Deed
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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