Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    7240 Elkridge Crossing Way Elkridge, MD 21075

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,600 /Mo ($19 SF/Yr)

    Well-maintained 3-bedroom townhome with convenient access to major routes.

    Property size:
    1,600 SF
    Lot size:
    0.24 Acres

    Property Features for 7240 Elkridge Crossing Way

    General Information

    Size
    1,600 SF
    Lot size
    0.24 Acres

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Jennifer Scicchitano
    Source: Kw

    Listing Agent: Jennifer Scicchitano

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Elkridge Townhome with Modern Amenities

    This well-maintained townhome, located in Elkridge, features 3 bedrooms and 2.5 bathrooms. The property offers a spacious open kitchen equipped with Corian countertops, tile flooring, and ample cabinetry. Hardwood floors add warmth and elegance to the main level, complemented by large windows that provide natural light throughout the home. For convenience, a washer and dryer are included. Upstairs, there are three bedrooms and two full baths. An attached 1-car garage provides additional storage and parking. The property offers easy access to I-95, Route 100, BWI Airport, Fort Meade, and Columbia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkridge
    County
    Howard
    State
    Maryland
    Longitude
    -76.7272372
    Latitude
    39.2096451

    Nearby Similar for Lease

    • Contact for pricing
      1,231 SF

      Elkridge Office Space For Rent

      Office space in Elkridge with easy access to major routes.
      6085 Marshalee Dr, Elkridge, MD 21075
      View Details
    • $7 SF/Yr
      6,249 SF

      Elkridge Office Space for Lease

      Flexible workspace solutions in Elkridge, MD.
      6865 Deerpath Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing
      14,481 SF

      LEED Gold Certified Office Space

      Office space with I-95 visibility and easy highway access.
      6518 Meadowridge Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing
      19,600 SF

      Elkridge Flex Space Available

      Modern property with flexible layouts, ample parking, convenient location.
      6360 South Hanover Rd, Elkridge, MD 21076
      View Details
    • Contact for pricing
      7,000 SF

      Elkridge Office Space For Lease

      7,000 SF Office, Ample Parking
      6661 Washington Blvd, Elkridge, MD 21075
      View Details
    • $3,068 /Mo
      1,550 SF

      Elkridge Office Space For Rent

      Professional office space in Elkridge, Howard County, near major routes.
      8180 Lark Brown Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing
      1,472 SF

      Retail Space in Howard County

      New retail opportunity in mixed-use Howard Square development.
      7600 Hearthside Way, Elkridge, MD 21261
      View Details
    • $37 SF/Yr
      9,000 SF

      Elkridge Retail Outparcel Opportunity

      Prime Elkridge location, multiple spaces available.
      7561 Washington Blvd, Elkridge, MD 21075
      View Details
    • $2,200 /Mo

      End Unit Townhome For Rent

      Three-level end unit townhome with fenced backyard and reserved parking.
      6001 Rowanberry Dr, Elkridge, MD 21075
      View Details
    • Contact for pricing
      67,654 SF

      Executive Suites in Elkridge, MD

      Class A Office Space, Multiple Suites Available
      6510-6522 Meadowridge Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing
      82,538 SF

      Lyndwood Executive Center Suites Available

      Class A Executive Office Space in Elkridge, MD
      6095 Marshalee Dr, Elkridge, MD 21075
      View Details
    • Contact for pricing
      21,956 SF

      Howard Square Retail Space

      Elkridge, MD: Prime Retail Opportunity
      7710 Port Capital Dr, Elkridge, MD 21075
      View Details

    FAQs

    What type of property is this?
    Single family property - Well-maintained 3-bedroom townhome with convenient access to major routes.
    Where is this single family property located?
    The property is located at 7240 Elkridge Crossing Way Elkridge, MD.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Convenient location with easy access to I-95, Route 100, BWI Airport, Fort Meade, and Columbia.; - This home features 3 bedrooms and 2.5 bathrooms offering ample space.; - Open kitchen with Corian countertops, tile flooring, and plenty of cabinetry.
    (443) 708-2887
    Request Owner's contact information
    7240 Elkridge Crossing Way Elkridge, MD 21075
    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.
    7240 Elkridge Crossing Way
    Elkridge, MD 21075
    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
    7240 Elkridge Crossing Way Elkridge, MD 21075
    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

    We can help!
    Listing Contact
    Jennifer Scicchitano
    (443) 708-2887
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.