Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7020-7184 Troy Hill Dr Elkridge, MD 21075
    Back to Search
    Property profile & analytics

    7020-7184 Troy Hill Dr, Elkridge, MD 21075

    View on Map
    • Life science properties
    • 150,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Life science properties

    Property Details for 7020-7184 Troy Hill Dr

    Property type
    Life science properties
    Property subtype
    Industrial properties

    Description

    Troy Hill Corporate Center offers 150,000 square feet of prime flex and R&D space in Howard County, Maryland. This single-building campus-like setting, part of a larger 15-acre project, boasts a unified architectural design. Currently, 3,000 square feet of space is immediately available, with tenant sizes ranging from 2,280 to 39,120 square feet. The building features 16-foot clear minimum ceiling heights and 30-foot wide spaces, providing maximum flexibility for various business needs. Construction is brick on block. Ample parking is provided at a generous rate of four spaces per 1,000 square feet. The property is zoned M-1 and enjoys a highly convenient location on US Route 1, near MD Route 100, Interstate 95, and MD Route 295, just minutes from Baltimore-Washington International Airport. Its strategic location offers easy access to other nearby St. John Properties business parks, totaling nearly 2.2 million square feet of similar space. This well-maintained, covenant-protected environment provides businesses with straightforward, economical, and high-utility space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elkridge
    County
    Howard
    State
    Maryland
    Longitude
    -76.7495
    Latitude
    39.1957

    Comparable in this City

    • Value Estimation
      $740,000
      30,275 SF

      6625 Selnick Dr

      R&D FACILITY, LABS, PHARMA
      6625 Selnick Dr, Elkridge, MD 21075-6220
      View Details
    • Value Estimation by Request
      2.73 Acres

      Business Pkwy

      INDUSTRIAL (GENERAL)
      Business Pkwy, Elkridge, MD 21075
      View Details
    • Value Estimation by Request
      15.60 Acres

      Kit Kat Rd

      INDUSTRIAL (GENERAL)
      Kit Kat Rd, Elkridge, MD 21075
      View Details
    • Value Estimation by Request
      3.43 Acres

      Troy Hl Dr

      INDUSTRIAL (GENERAL)
      Troy Hl Dr, Elkridge, MD 21075
      View Details
    • Value Estimation by Request
      0.31 Acres

      Waterloo Rd

      INDUSTRIAL (GENERAL)
      Waterloo Rd, Elkridge, MD 21075
      View Details
    • Value Estimation by Request
      221.88 Acres

      Old Montgome Rd Rte, Unit 175

      INDUSTRIAL (GENERAL)
      Old Montgome Rd Rte, Elkridge, MD 21075
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renovated Flex Space with Warehouse

      11,732 SF commercial property with office and warehouse functionality.
      6339 Howard Ln, Elkridge, MD 21075
      View Details
    • Contact for pricing
      5,200 SF

      Elkridge Industrial/Flex Space For Sale

      Tenant-occupied industrial/flex space ideal for storage, manufacturing, or service businesses.
      6310 Howard Ln, Elkridge, MD 21075
      View Details
    • Contact for pricing

      Industrial Property on Route 1

      57,647 SF industrial property with high visibility.
      6605 Selnick Dr, Elkridge, MD 21075
      View Details
    • Contact for pricing
      5.75 Acres

      Elkridge Industrial Building - 5.75 Acres

      Prime Elkridge location, 5.75 acres, high ceilings.
      6750 Santa Barbara Ct, Elkridge, MD 21075
      View Details
    • $775,000

      Elkridge Mixed-Use Property For Sale

      Mixed-use property with warehouse and office buildings near major routes.
      5721-25 Main St, Elkridge, MD 21075
      View Details
    • Contact for pricing

      Warehouse on Washington Boulevard

      17,000 SF warehouse on 2.43 acres for sale.
      7443 Washington Blvd, Elkridge, MD 21075
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      153,480 SF

      Elkridge Flex/Industrial Space Available

      Flex/industrial space available for rent in Elkridge, Maryland.
      6935 San Tomas Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing

      Deerpath Road

      Workspaces, services and support to help you work better in SC, North Charleston - Aviation Center
      6865 Deerpath Rd, Columbia, MD 21075
      View Details
    • $1,750 /Mo

      Elkridge Commercial Space For Rent

      Highly visible commercial location with excellent traffic exposure and easy access.
      5720 Main St, Elkridge, MD 21075
      View Details
    • Contact for pricing
      27,300 SF

      Industrial Property in Elkridge, MD

      27,300 SF industrial space available for lease.
      6730 Santa Barbara Ct, Elkridge, MD 21075
      View Details
    • Contact for pricing
      35,154 SF

      Elkridge Industrial Property Available

      Industrial property in Elkridge with immediate highway access for rent.
      7030 Troy Hill Dr, Elkridge, MD 21075
      View Details
    • Contact for pricing
      4,145 SF

      Elkridge Industrial Corner Lot

      Industrial property on a corner lot in Elkridge, Maryland.
      7700 Port Capital Dr, Elkridge, MD 21075
      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.
    7020-7184 Troy Hill Dr
    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
    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
    7020-7184 Troy Hill Dr, Elkridge, MD, 21075
    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!