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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
24 Frederick Rd Ellicott City, MD 21043-4747
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US40-2262682
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
BRICK
Total area
3,884 SF
Lot
1.85 ac (80,374 SF)
APN
01-0108006190
UPID
US40-2262682
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
$445k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Ellicott LLC · 22 yrs held
Ellicott LLC
since 2004
7 recorded transactions
Zoning & alternative use
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 Ellicott City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellicott City 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
Method
Estimation
Statistic approach
by Request
ML approach
$350,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$445,000
7%
$415,000
Alternative Use
Use
Estimation
RETAIL STORES
$830,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$130 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,274
Tax year 2023
Assessed value
$1,072,000
Assessed 2023
Previous assessed
$1,072,000
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$628,700
Assessed improvement
$443,300
Land market value
$628,700
Improvement market value
$443,300
Total market value
$1,072,000
Applied tax rate
1.0000
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
Off-Market
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
1
Total area
3,884 SF
Lot
1.85 ac (80,374 SF)
APN
01-0108006190
UPID
US40-2262682
Jurisdiction
BALTIMORE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$830,000
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
Ellicott LLC
Entity
Mailing address
24 FREDERICK RD, ELLICOTT CITY, MD 21043-4747
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
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 23, 2004
$925,000
Ellicott LLC
Mccullough,patricia O
Grant Deed
$750,000 · Manufacturers Traders & Trust
Apr 25, 2003
$477,100
Patricia O Mccullough
Ellicott Holdings LLC
Grant Deed
$656,000 · Washington Mutual Fsb
—
—
Ellicott Holdings LLC
—
Deed Of Trust
related
$235,000 · Sandy Spring National Bank Md
—
—
Ellicott Holdings LLC
—
Deed Of Trust
related
$80,000 · Sandy Spring Bank
—
—
Patricia O Mccullough
—
Deed Of Trust
related
$250,000 · Citizens Commerce Natl Bank
—
—
Ellicott Holdings LLC
—
Deed Of Trust
related
$139,110 · Sandy Spring National Bank Md
—
—
Patricia O Mccullough
—
Deed Of Trust
related
$80,651 · Citizens Commerce National Ban
—
—
Ellicot Holdings LLC
—
Deed Of Trust
related
$50,000 · Fcnb Bank
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.
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