Entity Owned 
For Lease
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2410 Evergreen Rd, Gambrills, MD 21054
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Property summary
AI-generated overview
The property is located in the Waugh Chapel Town Center area and benefits from proximity to a retail and restaurant environment totaling more than 800,000 square feet, with anchor tenants including Wegmans, Target, and MedStar. It is configured to support office or medical use and provides abundant surface parking. The site experiences an average annual daily traffic volume of approximately 75,000.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2013
Total area
53,436 SF
Lot
1.94 ac (84,463 SF)
Zoning code
MXDC
APN
04-883-90232639
UPID
US40-1159082
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dental Office
-
Building Supply Industrial Manufacturer
-
Construction Company
-
Dental Office
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$329.59M
Blend (final)
Blend
$292.61M
Owner & transaction history
since 2021
6 recorded transactions
Zoning & alternative use
MXDC · Gambrills, 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.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$292.61M
Value range
$263.34M – $321.87M
±10% around blend
Estimated value / SF
$5,476 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
30
Income certainty
100
$263.34M
blend $292.61M
$321.87M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
53,436 SF
Lot area
1.94 ac
Year built
2013
Stories
2
APN
04-883-90232639
Zoning
MXDC
Assessed value
$11,097,567
Annual tax
$121,185
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$121,185
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$14.83M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
20.5 mi away · 64,580 SF
21.3 mi away · 68,405 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$292.61M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 30 sales
$6,507
-16%
Submarket 30 sales
$6,507
-16%
County 316 sales
$501
+993%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $5,476/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
Modeled
Market rent
Market benchmark
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: income and sales evidence cover the value conclusion.
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 · 3 sales
NOI build-up · 9 steps
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$1.17M
Move the market yield to see immediate price impact.
Value / SF
$22
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%
$74k
$1.48M
$1.06M
$821k
$82k
$1.64M
$1.17M
$912k
$90k
$1.81M
$1.29M
$1.00M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$18.08M
14.3 mi · Oct 2025 · $475/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$121,185
Tax year 2023
Assessed value
$11,097,567
Assessed 2023
Previous assessed
$10,574,100
+5.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,330,000
Improvement market value
$10,814,500
Total market value
$12,144,500
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
2013
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
53,436 SF
Lot
1.94 ac (84,463 SF)
Zoning code
MXDC
APN
04-883-90232639
UPID
US40-1159082
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
MXDC · Gambrills, MDZoning MXDC · permitted uses
MXDC · Gambrills, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2013
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
1.94 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MXDC
Jurisdiction
Gambrills, MD
Recorded code
MXDC
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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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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