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Property profile & analytics
OFF-MARKET
Estimated value
$10,595,000
Apartment buildings
12290 Grn Mdw Dr Columbia, MD 21044-2888
Entity Owned
17-yr Hold
Absentee Owner
Property ID
US40-1401875
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1988
Construction
CONCRETE
Total area
140,191 SF
Lot
4.52 ac (196,891 SF)
Zoning code
NT
APN
15-068280
UPID
US40-1401875
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
-
Club Merion Apartments Student Housing Center Apartment Building
-
Elliot Siegel Consulting Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.60M
Owner & transaction history
Merion Apartments LLC · 17 yrs held
Merion Apartments LLC
since 2009
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
$76 / 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
$170,100
Tax year 2022
Assessed value
$15,106,600
Assessed 2023
Previous assessed
$15,106,600
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,559,500
Assessed improvement
$12,547,100
Land market value
$2,559,500
Improvement market value
$12,547,100
Total market value
$15,106,600
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
Off-Market
Year built
1988
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
7
Units
119
Total area
140,191 SF
Lot
4.52 ac (196,891 SF)
Zoning code
NT
APN
15-068280
UPID
US40-1401875
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
1988
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
7
Units
119
Lot
4.52 ac
Current owner
From public records · entity-resolved
Merion Apartments LLC
Entity
Mailing address
1950 GALLOWS RD #600, VIENNA, VA 22182
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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 31, 2009
—
Merion Apartments LLC
—
Trustees Deed
related
$900,000 · Capmark Bank
Apr 11, 2005
—
Merion Apartments Jv
—
Deed Of Trust
related
$725,000,000 · Gmac Commercial Mortgage Corp
Dec 1, 2003
—
Merion Apartments Jv
—
Trustees Deed
related
$500,000 · Gmac Commercial Mortgage Corp
Jun 18, 1999
—
Farragut Joint Venture Admiral
—
Deed Of Trust
related
$21,177,581 · Column Financial INC
—
—
Merion Apartments LLC
—
Deed Of Trust
related
$5,090,000 · Capmark Bank
—
—
Merion Apartments LLC
—
Deed Of Trust
related
$1,000,000 · Capmark Bank
—
—
Merion Apartments LLC
—
Deed Of Trust
related
$220,200 · Walker & Dunlop
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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