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Property profile & analytics
OFF-MARKET
Estimated value
$49,755,000
Apartment buildings
3005 Oak Grn Cir, Ellicott City, MD 21043-3504
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1004303
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1972
Construction
WOOD
Total area
48,414 SF
Lot
19.18 ac (835,612 SF)
Zoning code
RA15
APN
02-233002
UPID
US40-1004303
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
$42.97M
Blend (final)
Blend
$49.76M
Owner & transaction history
Ellicott Tic I LLC · 4 yrs held
Ellicott Tic I LLC
since 2022
Last sale
$56.0M
4 recorded transactions
Zoning & alternative use
RA15 · 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
$43,960,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$49.76M
Range $44.78M – $54.73M · ±10% · vs last sale $56.04M (Jun 15 2022)
Last sale anchor
$56.04M
Jun 15 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
$1,028 / 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
$590,180
Tax year 2022
Assessed value
$52,775,233
Assessed 2023
Previous assessed
$52,775,233
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$8,219,900
Improvement market value
$44,916,700
Total market value
$53,136,600
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
8
Stories
3
Units
300
Total area
48,414 SF
Lot
19.18 ac (835,612 SF)
Zoning code
RA15
APN
02-233002
UPID
US40-1004303
Jurisdiction
HOWARD
Zoning & alternative use
RA15 · Ellicott City, MD
Zoning RA15 · permitted uses
RA15 · Ellicott City, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellicott City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
PACKAGE
Cooling
Yes
Stories
3
Buildings
8
Units
300
Lot
19.18 ac
Current owner
From public records · entity-resolved
Ellicott Tic I LLC
Entity
Mailing address
21700 OXNARD ST STE #345, WOODLAND HILLS, CA 91367-3694
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
$81,000,000
Ellicott Tic I LLC
Ellicot Grove Owner LLC
Special Warranty Deed
related
$55,730,000 · Pgim Real Estate Agency Financing L
Nov 17, 2016
$56,042,000
Ellicot Grove Owner LLC
Udr INC
Grant Deed
—
May 11, 1999
—
Union Dominion Realty Trust
—
Deed Of Trust
related
$129,655,000 · Fannie Mae
May 3, 1999
$493,106
United Dominion Realty Trust I
Evelyn P Myer Trustee
Grant Deed
—
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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