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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Maryland Rt 3rd 3 Crofton, MD 21114

    • Community centers
    • 16,928 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    $775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1798201
    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.

    Current Use by Public Records

    • Community centers

    Property Details for Maryland Rt 3rd 3

    Year built
    1975
    Construction
    BRICK
    Lot size
    0.70 lot acres
    Property size
    16,928 SF
    Zone code
    C3
    Property type
    Community centers
    APN
    02-727-10576029
    APU
    272710576029

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $680,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $869,000
      Market price range: $601k - $1.18M

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

    Location Insight

    • Map
    • Local Demand
    City
    Crofton
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.695
    Latitude
    39.0151
    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
    $35,945
    $455,000
    $2,836,700
    $3,291,700
    -
    $455,000
    $2,836,700
    $3,291,700

    Comparable in this City

    • Value Estimation
      $1,840,000
      59,745 SF

      2203 Defense Hwy

      MINI-MALL • 59,745 SF
      2203 Defense Hwy, Crofton, MD 21114-2403
      View Details
    • Value Estimation by Request
      7,100 SF

      1667 Crofton Ctr

      Lifestyle centers • 7,100 SF
      1667 Crofton Ctr, Crofton, MD 21114
      View Details
    • Value Estimation
      $1,535,000
      91,592 SF

      1155 Md Rt 3rd N N Ln

      MINI-MALL • 91,592 SF
      1155 Md Rt 3rd N N Ln, Crofton, MD 21114-1715
      View Details
    • Value Estimation
      $920,000
      16,000 SF

      2101 Concord Blvd

      MINI-MALL • 16,000 SF
      2101 Concord Blvd, Crofton, MD 21114-2054
      View Details
    • Value Estimation
      $1,260,000
      167,490 SF

      Maryland Rt 3rd 3

      MINI-MALL • 167,490 SF
      Maryland Rt 3rd 3, Crofton, MD 21114
      View Details
    • Value Estimation
      $350,000
      6,229 SF

      2046 Davidsonville Rd

      SHOPPING CENTER, STRIP CENTER • 6,229 SF
      2046 Davidsonville Rd, Crofton, MD 21114-1346
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces available with high traffic and signage.
      1657 Crofton Blvd, Crofton, MD 21114
      View Details
    • Contact for pricing
      4,447 SF

      Crofton Restaurant/Bar - For Sale

      Prime Crofton location, 4,447 sq ft, vacant.
      1678 Village Grn, Crofton, MD 21114
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    • Contact for pricing
      1.65 Acres

      Crofton Retail Space - Prime Location

      Class A Office Building, Multiple Suites Available
      2191 Defense Hwy, Crofton, MD 21114
      View Details
    • $535,000

      End-Unit Home with Updated Kitchen

      End-unit home featuring a custom kitchen and updated primary suite.
      1766 Albermarle Dr, Crofton, MD 21114
      View Details
    • $400,000

      Light-Filled Crofton Townhome with Updates

      Updated 3-bedroom townhome in Crofton with flexible living space.
      2040 Forest Hill Ln, Crofton, MD 21114
      View Details
    • $639,900

      Specialty Property for Sale

      Specialty property available for purchase.
      1704 Tarleton Way, Crofton, MD 21114
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,100 SF

      Crofton Medical Office Space For Lease

      7,100 SF Medical Office Building, Ample Parking
      1667 Crofton Ctr, Crofton, MD 21114
      View Details
    • Contact for pricing
      6,035 SF

      Retail Space in Crofton Center

      Retail space available at a highly trafficked intersection in Crofton.
      1663-1659 Crofton Ctr, Crofton, MD 21114
      View Details
    • Contact for pricing
      10,000 SF

      Crofton Drive-Thru Retail Space

      Prime Crofton location, 2,000 SF available.
      1298 Cronson Blvd, Crofton, MD 21114
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 1,800 square feet.
      2163-2181 Defense Hwy, Crofton, MD 21114
      View Details
    • Contact for pricing
      252,230 SF

      Crofton Centre Retail Space Available

      Prime Retail Space in Gambrills, MD
      & MD State Rt. 3 Davidsonville Rd, Gambrills, MD 21114
      View Details
    • $24 SF/Yr

      Priest Bridge Center Retail Space

      Crofton retail space, prime location.
      2205 C Defense Hwy, Crofton, MD 21114
      View Details
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    Crofton, MD 21114
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    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
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