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Property profile & analytics
FOR LEASE
Apartment buildings
10175 Little Patuxent Pkwy Columbia, MD 21044
Entity Owned
14-yr Hold
Property ID
US40-2379544
For Lease
1 / 6
Contact for pricing
10175 Little Patuxent Pkwy, Columbia, MD 21044
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2017
Construction
STEEL FRAME
Total area
218,688 SF
Lot
1.11 ac (48,341 SF)
Zoning code
NT
APN
15-042095
UPID
US40-2379544
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
Current use
Occupant on record · Public records
-
Jennifer Favazza Physician
-
Reno & Cavanaugh, PLLC Law Firm
-
Blink Charging Station Electric Vehicle Charging Station
-
GrillMarx Columbia Steakhouse & Raw Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$117.42M
Owner & transaction history
Lpp Investors LLC · 14 yrs held
Lpp Investors LLC
since 2012
7 recorded transactions
Zoning & alternative use
NT · Columbia, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$537 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$886,288
Tax year 2022
Assessed value
$79,422,333
Assessed 2023
Previous assessed
$79,422,333
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$6,961,100
Improvement market value
$73,172,400
Total market value
$80,133,500
Applied tax rate
15.0000
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
For Lease
Year built
2017
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
11
Units
160
Total area
218,688 SF
Lot
1.11 ac (48,341 SF)
Zoning code
NT
APN
15-042095
UPID
US40-2379544
Jurisdiction
HOWARD
Zoning & alternative use
NT · Columbia, MD
Zoning NT · permitted uses
NT · Columbia, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
11
Units
160
Lot
1.11 ac
Current owner
From public records · entity-resolved
Lpp Investors LLC
Entity
Mailing address
2328 W JOPPA RD STE #200, LUTHERVILLE, MD 21093-4674
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2012
$3,500,000
Lpp Investors LLC
Wci Communities LLC
Special Warranty Deed
$2,500,000 · Wci Communities LLC
Sep 9, 2009
—
Wci Communities INC
Renaissance Centro Columbia Ll
Grant Deed
related
—
Dec 22, 2004
$5,250,000
Renaissance Centro Columbia LLC
Sterrett Building Business Trust
Grant Deed
$6,225,000 · Chevy Chase Savings Bank
Nov 26, 2003
—
Building Business Tst Sterrett
Columbia Mall INC
Grant Deed
related
—
—
—
Renaissance Centro Columbia
—
Deed Of Trust
related
—
—
—
LLP Investors LLC
—
Deed Of Trust
related
$2,500,000 · Howard Bank
—
—
Lpp Investors LLC
—
Deed Of Trust
related
$65,000,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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