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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Office buildings
4685 Millennium Dr 2A Belcamp, MD 21017-1505
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0071983
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
BRICK
Total area
6,778 SF
Lot
0.68 ac (29,621 SF)
Zoning code
CI R4
APN
01-327704
UPID
US40-0071983
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
-
Canvasback Title & Escrow Title Company
-
Robinson & Stover Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$1.54M
Owner & transaction history
Ted Whq LLC · 2 yrs held
Ted Whq LLC
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
CI R4 · Belcamp, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+73.0%
Auto repair, garage
$2.1M
+54.8%
Retail stores
$1.7M
+23.5%
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 Belcamp submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belcamp 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
$1,565,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,370,000
Current use
RESTAURANT
$2,370,000
Change: +73% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,120,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$1,690,000
Change: +24% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,555,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$1,205,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10% · vs last sale $1.53M (Dec 15 2023)
Last sale anchor
$1.53M
Dec 15 2023
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
$227 / 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
$14,281
Tax year 2022
Assessed value
$1,311,600
Assessed 2023
Previous assessed
$1,311,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$544,000
Assessed improvement
$767,600
Land market value
$544,000
Improvement market value
$767,600
Total market value
$1,311,600
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Off-Market
Year built
2002
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
6,778 SF
Lot
0.68 ac (29,621 SF)
Zoning code
CI R4
APN
01-327704
UPID
US40-0071983
Jurisdiction
HARFORD
Zoning & alternative use
CI R4 · Belcamp, MDZoning CI R4 · permitted uses
CI R4 · Belcamp, 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
OFFICE BUILDING Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.2M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2002
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Ted Whq LLC
Entity
Mailing address
2700 PHILADELPHIA RD, EDGEWOOD, MD 21040-1120
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2023
$1,525,000
Ted Whq LLC
Bush River Offices LLC
Special Warranty Deed
$1,296,250 · First Citizens Bank & Trust Co
Sep 6, 2016
$1,325,000
217 Moose Holler LLC
4685 Millnenium Drive LLC
Trustees Deed
related
—
Jun 28, 2012
$100,000
4687 Millennium Drive LLC
4685 Millennium Drive LLC
Grant Deed
related
$5,900,000 · Rosedale Federal S & L Assn
Oct 19, 2004
—
4685 Millennium Drive LLC
Waters Edge Corp Campus LLC
Grant Deed
related
—
Jun 8, 2004
—
4685 Millennium Drive LLC
Waters Edge Corporate Campus LLC
Grant Deed
related
—
Nov 6, 2000
$131,000
4695 Millennium Drive LLC
Waters Edge Corporate Campus
Grant Deed
$5,280,000 · Mercantile Mortgage Co
—
—
4685 Millennium LLC
—
Deed Of Trust
related
$500,000 · Cecil Fsb
—
—
4685 Millennium Drive LLC
—
Deed Of Trust
related
$1,400,000 · Standard Insurance Co
—
—
4685 Millennium LLC
—
Deed Of Trust
related
$500,000 · Cecil Fsb
—
—
4685 Millennium Drive LLC
—
Deed Of Trust
related
$1,350,000 · Branch Banking & Trust Co
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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