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Property profile & analytics
FOR LEASE
Office buildings
10840 Little Patuxent Pkwy, Columbia, MD 21044
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1000349
For Lease
1 / 2
Contact for pricing
10840 Little Patuxent Pkwy, Columbia, MD 21044
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,100 SF
Lot
3.19 ac (138,782 SF)
Zoning code
NT
APN
15-009136
UPID
US40-1000349
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
-
Elsie Vathana Joel-Morse Dental Office
-
Tamika Scott Physician
-
First National Bank ATM Atm
-
Kristopher Tillman Physician
-
Dr. Amelita E. Fales, DO Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Atpi 10840 LP Parkway Mob Owner LLC · 4 yrs held
Atpi 10840 LP Parkway Mob Owner LLC
since 2022
Last sale
$12.1M
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
—
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
$43,512
Tax year 2022
Assessed value
$3,864,300
Assessed 2023
Previous assessed
$3,864,300
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,073,100
Assessed improvement
$2,791,200
Land market value
$1,073,100
Improvement market value
$2,791,200
Total market value
$3,864,300
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
31,100 SF
Lot
3.19 ac (138,782 SF)
Zoning code
NT
APN
15-009136
UPID
US40-1000349
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
3.19 ac
Current owner
From public records · entity-resolved
Atpi 10840 LP Parkway Mob Owner LLC
Entity
Mailing address
5404 WISCONSIN AVE STE #1150, CHEVY CHASE, MD 20815-3596
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2022
$12,125,000
Atpi 10840 LP Parkway Mob Owner LLC
10840 Lpp Partners LLC
Deed
$8,246,625 · Synovus Bank
Jun 20, 2017
—
Stein Properties INC
—
Deed
related
$294,300 · First Nat'l Bk/pa
Dec 21, 2012
—
Stein Properties INC
—
Deed Of Trust
related
$5,700,000 · Bankannapolis
—
—
Stein Properties INC
—
Deed Of Trust
related
$4,740,000 · Susquehanna Bank
—
—
Stein Properties INC
—
Deed Of Trust
related
$4,240,000 · Susquehanna Bank
—
—
Stein Properties INC
—
Deed Of Trust
related
$200,000 · Susquehanna Bank
—
—
Stein Properties INC
—
Deed Of Trust
related
$445,879 · First Nat'l Bk/pa
—
—
Stein Properties INC
—
Deed Of Trust
related
$294,300 · First Nat'l Bk/pa
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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