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Property profile & analytics
FOR LEASE
Office Spaces
4694 Millennium Dr Belcamp, MD 21017
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-0654048
For Lease
1 / 2
Contact for pricing
4694 Millennium Dr, Belcamp, MD 21017
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2007
Total area
75,875 SF
Lot
4.65 ac (202,554 SF)
Zoning code
CI
APN
01-384716
UPID
US40-0654048
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
$8.73M
Comparable Approach
Comparable
$6.82M
Blend (final)
Blend
$8.55M
Owner & transaction history
We Belcamp Tei Equities LLC · 6 yrs held
We Belcamp Tei Equities LLC
since 2019
2 recorded transactions
Zoning & alternative use
CI · 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%
$9,455,000
6.5%
$8,730,000
7%
$8,105,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,470,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$8.55M
Range $7.69M – $9.40M · ±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
$113 / 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
$93,692
Tax year 2022
Assessed value
$10,276,900
Assessed 2023
Previous assessed
$10,276,900
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$3,083,000
Assessed improvement
$7,193,900
Land market value
$3,083,000
Improvement market value
$7,193,900
Total market value
$10,276,900
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
For Lease
Year built
2007
Heating
NONE
Units
1
Total area
75,875 SF
Lot
4.65 ac (202,554 SF)
Zoning code
CI
APN
01-384716
UPID
US40-0654048
Jurisdiction
HARFORD
Zoning & alternative use
CI · Belcamp, MDZoning CI · permitted uses
CI · 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
WAREHOUSE, STORAGE
Est. value
$13.5M
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
2007
Heating
NONE
Units
1
Lot
4.65 ac
Current owner
From public records · entity-resolved
We Belcamp Tei Equities LLC
Entity
Mailing address
1000 PO BOX 34472ND BLVD STE #2100, WASHINGTON, DC 20043-4472
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2019
$17,000,000
We Belcamp Tei Equities LLC
Mtwe Lot 4 LLC
Trustees Deed
$3,700,000 · Time Equities Assocs LLC
—
—
Mtwe Lot 5 LLC
—
Deed Of Trust
related
$13,680,000 · Manufacturers Traders & 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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