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1699 Millersville Rd, Millersville, MD 21108
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Property summary
AI-generated overview
The property comprises approximately 7 acres at a signalized intersection on MD Route 3 Northbound and Route 175 (Millersville Road). It is located directly across from a Wawa and the Royal Farms. The site is zoned C2 and has development plans in progress for an approximately 15,000 to 20,000 square foot retail, office, or restaurant center. The property is positioned in the vicinity of Waugh Chapel, a mixed-use area, and is described as benefiting from high vehicular traffic, with over 70,000 vehicles per day (ADT).
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Total area
1,138 SF
Lot
7.05 ac (307,098 SF)
Zoning code
C2
APN
04-000-02220104
UPID
US40-0528801
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$730k
Owner & transaction history
since 2021
4 recorded transactions
Zoning & alternative use
C2 · Millersville, MD
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 21 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$730k
Value range
$657k – $803k
±10% around blend
Estimated value / SF
$641 / SF
Confidence
High
21 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
$657k
blend $730k
$803k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,138 SF
Lot area
7.05 ac
Year built
1930
Stories
1
APN
04-000-02220104
Zoning
C2
Assessed value
$3,397,667
Annual tax
$37,103
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$501k
Weighted, 20 comps · high confidence
Evidence
21 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.0 mi away · 1,404 SF
10.2 mi away · 1,277 SF
10.3 mi away · 1,152 SF
10.4 mi away · 1,060 SF
10.5 mi away · 1,164 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$730k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 316 sales
$501
+28%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $641/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 21 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.40M
Move the market yield to see immediate price impact.
Value / SF
$2,986
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$214k
$4.28M
$3.06M
$2.38M
$238k
$4.76M
$3.40M
$2.64M
$262k
$5.23M
$3.74M
$2.91M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
21 found
High confidence · county-verified
Closest comparable
$290k
7.4 mi · Sep 2025 · $289/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$37,103
Tax year 2023
Assessed value
$3,397,667
Assessed 2023
Previous assessed
$3,393,300
+0.1% YoY
Effective rate
1.09%
On assessed value
Land market value
$3,172,500
Improvement market value
$233,900
Total market value
$3,406,400
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1930
Heating
RADIANT
Stories
1
Units
1
Bathrooms
1
Total area
1,138 SF
Lot
7.05 ac (307,098 SF)
Zoning code
C2
APN
04-000-02220104
UPID
US40-0528801
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C2 · Millersville, MDZoning C2 · permitted uses
C2 · Millersville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
RADIANT
Stories
1
Units
1
Bathrooms
1
Lot
7.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C2
Jurisdiction
Millersville, MD
Recorded code
C2
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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