Back to Search
Property profile & analytics
FOR LEASE
Medical Office Space
2850 North Ridge Rd Ellicott Ellicott City, MD 21043
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1044451
For Lease
1 / 9
$13,180,000
2850 North Ridge Rd,Unit Ellicott, Ellicott City, MD 21043
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,333 SF
Lot
5.3 ac (230,868 SF)
Zoning code
POR
APN
02-286114
UPID
US40-1044451
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.18M
Owner & transaction history
Cpi Ahp 10 Ellicott City Mob Owner · 3 yrs held
Cpi Ahp 10 Ellicott City Mob Owner
since 2022
Last sale
$14.2M
7 recorded transactions
Zoning & alternative use
POR · Ellicott City, 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 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
$11,140,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$17,935,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$13.18M
Range $11.86M – $14.50M · ±10% · vs last sale $14.20M (Oct 11 2022)
Last sale anchor
$14.20M
Oct 11 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
$311 / 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
$62,106
Tax year 2022
Assessed value
$6,740,700
Assessed 2023
Previous assessed
$5,515,600
+22.2% YoY
Effective rate
0.92%
On assessed value
Land market value
$2,308,600
Improvement market value
$5,657,200
Total market value
$7,965,800
Applied tax rate
2.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
42,333 SF
Lot
5.3 ac (230,868 SF)
Zoning code
POR
APN
02-286114
UPID
US40-1044451
Jurisdiction
HOWARD
Zoning & alternative use
POR · Ellicott City, MDZoning POR · permitted uses
POR · Ellicott City, MD
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.9M
APARTMENT HOUSE (5+ UNITS)
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
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
5.3 ac
Current owner
From public records · entity-resolved
Cpi Ahp 10 Ellicott City Mob Owner
Entity
Mailing address
425 7TH ST NE, CHARLOTTESVILLE, VA 22902-4723
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
$14,200,000
Cpi Ahp 10 Ellicott City Mob Owner
Chp Ellicott City Mob LLC
Special Warranty Deed
$66,100,000 · Capital One Bank NA
Apr 3, 2020
$9,350,000
Chp Ellicott City Mob LLC
Pr Fpr North Ridge LLC
Special Warranty Deed
$7,950,000 · Cit Bank NA
Jul 3, 2012
$6,500,000
Pr Fpr North Ridge LLC
2850 N Ridge Associates LLC
Grant Deed
—
Mar 18, 2008
$5,250,000
2850 North Ridge Assocs LLC
Northridge Business Trust
Deed Of Trust
related
$4,250,000 · Eagle Bank
Jul 11, 2002
—
Northridge Business Trust
St Agnes Healthcare INC
Grant Deed
related
—
—
—
2850 North Ridge Assocs LLC
—
Deed Of Trust
related
$4,250,000 · Eagle Bank
—
—
2850 North Ridge Assocs LLC
—
Deed Of Trust
related
$4,250,000 · Eagle Bank
—
—
Pr Fpr North Ridge LLC
—
Deed Of Trust
related
$4,400,000 · Woodmen Of World Life Insuranc
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
