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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Office Spaces
4692 Millennium Dr Ste 300 Belcamp, MD 21017-1545
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-2298548
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2005
Total area
15,233 SF
Lot
1 ac (43,560 SF)
Zoning code
C1
APN
01-366203
UPID
US40-2298548
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
$1.76M
Comparable Approach
Comparable
$921k
Blend (final)
Blend
$1.36M
Owner & transaction history
We Belcamp Tei Equities LLC · 6 yrs held
We Belcamp Tei Equities LLC
since 2019
7 recorded transactions
Zoning & alternative use
C1 · Belcamp, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,900,000
6.5%
$1,755,000
7%
$1,625,000
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±10%
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
$89 / 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
$15,174
Tax year 2022
Assessed value
$1,388,400
Assessed 2023
Previous assessed
$1,670,467
-16.9% YoY
Effective rate
1.09%
On assessed value
Assessed land
$416,500
Assessed improvement
$971,900
Land market value
$416,500
Improvement market value
$971,900
Total market value
$1,388,400
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2005
Heating
NONE
Units
1
Total area
15,233 SF
Lot
1 ac (43,560 SF)
Zoning code
C1
APN
01-366203
UPID
US40-2298548
Jurisdiction
HARFORD
Zoning & alternative use
C1 · Belcamp, MDZoning C1 · permitted uses
C1 · Belcamp, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
We Belcamp Tei Equities LLC
Entity
Mailing address
PO BOX 34472, WASHINGTON, DC 20043-4472
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2020
—
We Belcamp Lemad LLC
—
Deed
$16,100,000 · Manufacturers & Traders Tr
Dec 10, 2019
$17,000,000
We Belcamp Tei Equities LLC
Mtwe Lot 4 LLC
Grant Deed
$3,700,000 · Time Equities Assocs LLC
Jan 18, 2017
$1,000,000
Mtwe Lot 4 LLC
Chesapeake Holdings Grla Lc
Deed
—
Jan 18, 2017
—
Mtwe Lot 4 LLC
—
Deed
related
$7,300,000 · Manufacturers & Traders Tr
Sep 15, 2015
$1,500,000
Chesapeake Holdings Grla LLC
Bolesta Michael C|tslp Investments LLC
Trustees Deed
related
—
May 24, 2005
$2,712,699
Tslp Investments LLC
Mtwe Lot 4 LLC
Deed
—
—
—
We Belcamp Tei Equities LLC
—
Loan Modification
—
—
—
Tslp Investments LLC
—
Deed Of Trust
related
$450,000 · Mercantile County Bank
—
—
We Belcamp Lemad LLC
—
Deed Of Trust
related
$16,100,000 · Manufacturers & Traders Tr
—
—
Tslp Investments LLC
—
Deed Of Trust
related
$260,000 · K Bank
—
—
Tslp Investments LLC
—
Deed Of Trust
related
$3,040,000 · K Bank
—
—
Mtwe Lot 4 LLC
—
Loan Modification
related
$7,300,000 · Manufacturers & Traders Tr
—
—
Tslp Investments LLC
—
Deed Of Trust
related
$450,000 · Peoples Bank & Trust
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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