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Property profile & analytics
FOR LEASE
Office buildings
2614 Chapel Lake Dr, Gambrills, MD 21054
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0134563
For Lease
1 / 14
$1,580,000
2614 Chapel Lake Dr, Gambrills, MD 21054
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
4,133 SF
Lot
1.51 ac (65,776 SF)
Zoning code
R1
APN
04-883-90216557
UPID
US40-0134563
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
-
Chesapeake Retina Centers Ophthalmologist
-
IHBG Formula Customer Service Center Student Housing Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.58M
Owner & transaction history
2614 Chapel Lake Offices LLC · 4 yrs held
2614 Chapel Lake Offices LLC
since 2022
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
R1 · Gambrills, 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 Gambrills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gambrills 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
$1,895,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±10% · vs last sale $1.98M (Jan 20 2022)
Last sale anchor
$1.98M
Jan 20 2022
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
$382 / 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
$18,708
Tax year 2023
Assessed value
$1,713,167
Assessed 2023
Previous assessed
$1,602,000
+6.9% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,006,000
Improvement market value
$929,500
Total market value
$1,935,500
Applied tax rate
4.0000
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
2002
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
4,133 SF
Lot
1.51 ac (65,776 SF)
Zoning code
R1
APN
04-883-90216557
UPID
US40-0134563
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
R1 · Gambrills, MD
Zoning R1 · permitted uses
R1 · Gambrills, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gambrills. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
2614 Chapel Lake Offices LLC
Entity
Mailing address
3000 DUNCROSS LN, DUNKIRK, MD 20754-2942
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2022
$1,975,000
2614 Chapel Lake Offices LLC
Cao Properties LLC
Deed
$1,678,750 · Sandy Spring Bank
Nov 17, 2016
—
Cao Properties LLC
—
Deed
related
$800,000 · Branch Bk&tr
Sep 21, 2009
$1,300,000
Cao Properties LLC
Chapel Lake Drive Office LLC
Grant Deed
—
Aug 28, 2003
$601,240
Loch Haven LLC
Chapel Lake Dr Office LLC
Grant Deed
—
—
—
Cao Properties LLC
—
Deed Of Trust
related
$800,000 · Branch Bk&tr
—
—
Chapel Lake Drive Office LLC
—
Deed Of Trust
related
$700,000 · Bankannapolis
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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