Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3203 Corporate Ct2a Ellicott City, MD 21042-2247

    • Office Properties & Spaces
    • 1,222 SF
    • 2.16 lot acres
    OFF-MARKET
    Last Sale
    May 19, 2022
    $112,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0783405
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 3203 Corporate Ct2a

    Year built
    1987
    Lot size
    2.16 lot acres
    Property size
    1,222 SF
    Zone code
    B 1
    Property type
    Office Properties & Spaces
    APN
    02-310430
    APU
    2310430

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ellicott City
    County
    Howard
    State
    Maryland
    Longitude
    -76.8631
    Latitude
    39.2822
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,140
    $40,400
    $60,800
    $101,200
    -
    $40,400
    $60,800
    $101,200

    Comparable in this City

    • Value Estimation by Request
      1,031 SF

      3205 Corporate Ct3a

      CONDOMINIUM OFFICES • 1,031 SF
      3205 Corporate Ct3a, Ellicott City, MD 21042-2247
      View Details
    • Value Estimation by Request
      2,232 SF

      3230 Bethany Ln Ste, Unit 7

      CONDOMINIUM OFFICES • 2,232 SF
      3230 Bethany Ln Ste, Ellicott City, MD 21042-2271
      View Details
    • Value Estimation by Request
      1,071 SF

      3203 Corporate Ct, Unit 2

      CONDOMINIUM OFFICES • 1,071 SF
      3203 Corporate Ct, Ellicott City, MD 21042-2247
      View Details
    • Value Estimation
      $515,000
      7,550 SF

      9050 Frederick Rd Ste C

      CONDOMINIUM OFFICES • 7,550 SF
      9050 Frederick Rd Ste C, Ellicott City, MD 21042-4038
      View Details
    • Value Estimation by Request
      3,312 SF

      10324 Baltimore National Pikea

      CONDOMINIUM OFFICES • 3,312 SF
      10324 Baltimore National Pikea, Ellicott City, MD 21042-2128
      View Details
    • Value Estimation by Request
      1,831 SF

      10308 Baltimore National Pikeb

      CONDOMINIUM OFFICES • 1,831 SF
      10308 Baltimore National Pikeb, Ellicott City, MD 21042-2128
      View Details

    Similar Nearby for Sale

    • $390,000
      1,839 SF

      Ellicott City Office Investment

      1,839 SF Office Building, Two Units
      3221-3223 Corporate Ct, Ellicott City, MD 21042
      View Details
    • $905,740
      1,938 SF

      Ellicott City Office Condos for Sale

      Prime Office Space, Multi-Unit Opportunity
      10260 Baltimore National Pike, Ellicott City, MD 21042
      View Details
    • $445,740
      1,938 SF

      Medical/Dental Office Condo For Sale

      Condo ideal for medical or dental office use.
      10262-10266 Baltimore National Pike, Ellicott City, MD 21042
      View Details
    • $425,000
      13,692 SF

      Ellicott City Office Suites For Sale

      Office suites available for sale in Ellicott City, Maryland.
      5024 Dorsey Hall Dr, Ellicott City, MD 21042
      View Details
    • $249,000

      Ellicott City Professional Office Condo

      Bright, move-in ready office condo with high-speed connectivity.
      5044 Dorsey Hall Dr, Ellicott City, MD 21042
      View Details
    • $529,900
      1.20 Acres

      Ellicott City Commercial Office Suites

      Renovated office suites in Ellicott City's Dorsey Hall Professional
      5094 Dorsey Hall Dr, Ellicott City, MD 21042
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      777 SF

      Ellicott City Office Space for Lease

      777 sq ft, Sunny Office, Ample Parking
      3217 Corporate Ct, Ellicott City, MD 21042
      View Details
    • $1,750 /Mo

      Dorsey Hall Professional Office Space

      Well-maintained office space in a convenient location with ample parking.
      5054 Dorsey Hall Dr N, Ellicott City, MD 21042
      View Details
    • Contact for pricing
      1,375 SF

      Ellicott City Office Space Available

      Office space for rent with convenient highway access.
      4801 Dorsey Hall Dr, Ellicott City, MD 21042
      View Details
    • $2,500 /Mo
      52,272 SF

      Ellicott City Office Space Available

      Office suites for lease in Dorsey Hall Professional Park.
      5094 Dorsey Hall Dr, Ellicott City, MD 21042
      View Details
    • $23 SF/Yr
      52,000 SF

      Ellicott City Office Space Available

      Office space for rent in Ellicott City, Maryland.
      9171 Baltimore National Pike, Ellicott City, MD 21042
      View Details
    • New
      $1,100 /Mo
      94,090 SF

      Ellicott City Commercial Suite

      Second-floor suite in Corporate Court Business Park, ideal for office use.
      3217-A Corporate Ct, Ellicott City, MD 21042
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3203 Corporate Ct2a
    Ellicott City, MD 21042-2247
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.