Entity Owned Property summary
AI-generated overview
A second-floor commercial condominium located at 3450 Ellicott Center Dr #5E2 in Ellicott City, Maryland (Howard County). The unit provides office space configured with three private offices and a reception area separated by a divider, and the layout allows for flexibility between full leasing, partial owner occupancy, or reconfiguration for other business uses. The interior features brand-new double-pane windows and an updated bathroom. The property is situated at the visible intersection area of Route 40 and Route 29, offering convenient access to regional destinations including Baltimore, Frederick, and Columbia.
Property profile
Verified
Property type
Other commercial real estate
Use group
CONDOMINIUM OFFICES
Year built
1988
Total area
1,976 SF
Lot
0.71 ac (30,928 SF)
Zoning code
B2
APN
02-325373
UPID
US40-0857505
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$285k
Owner & transaction history
since 2024
Last sale
$400,000
2 recorded transactions
Zoning & alternative use
B2 · Ellicott City, 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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 23 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
$285k
Value range
$257k – $314k
±10% around blend
Estimated value / SF
$144 / SF
Confidence
High
23 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
$257k
blend $285k
$314k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,976 SF
Lot area
0.71 ac
Year built
1988
APN
02-325373
Zoning
B2
Assessed value
$339,200
Annual tax
$3,745
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$605k
Weighted, 20 comps · high confidence
Evidence
23 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.5 mi away · 1,526 SF
6.4 mi away · 1,774 SF
8.6 mi away · 2,140 SF
10.1 mi away · 1,590 SF
11.4 mi away · 1,968 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$285k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 28 sales
$242
-40%
County 177 sales
$168
-14%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $144/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
Not available
Market rent
Not available
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: replacement-cost inputs are not on file.
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
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 23 sales
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$400k
Move the market yield to see immediate price impact.
Value / SF
$202
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%
$25k
$504k
$360k
$280k
$28k
$560k
$400k
$311k
$31k
$616k
$440k
$342k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
23 found
High confidence · county-verified
Closest comparable
$296k
2.6 mi · Dec 2025 · $192/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$3,745
Tax year 2022
Assessed value
$339,200
Assessed 2023
Previous assessed
$332,600
+2.0% YoY
Effective rate
1.10%
On assessed value
Land market value
$138,300
Improvement market value
$207,500
Total market value
$345,800
Applied tax rate
2.0000
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
Other commercial real estate
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1988
Heating
NONE
Units
1
Total area
1,976 SF
Lot
0.71 ac (30,928 SF)
Zoning code
B2
APN
02-325373
UPID
US40-0857505
Jurisdiction
HOWARD
Zoning & alternative use
B2 · Ellicott City, MDZoning B2 · permitted uses
B2 · Ellicott City, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Units
1
Lot
0.71 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B2
Jurisdiction
Ellicott City, MD
Recorded code
B2
Ownership Intelligence
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Ownership report
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.
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