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Property profile & analytics
FOR LEASE
Medical Office Space
5450 Knoll North Dr Columbia, MD 21045
Entity Owned
~
Est. High Equity
Property ID
US40-0853920
For Lease
1 / 2
$7,910,000
5450 Knoll North Dr, Columbia, MD 21045
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Construction
CONCRETE
Total area
66,707 SF
Lot
18.02 ac (784,951 SF)
Zoning code
NT
APN
16-162604
UPID
US40-0853920
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.91M
Owner & transaction history
Columbia 5450 & 5500 Mp Wrk7 LLC
Columbia 5450 & 5500 Mp Wrk7 LLC
since 2025
7 recorded transactions
Zoning & alternative use
NT · Columbia, 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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,850,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,205,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$6,290,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$7.91M
Range $7.12M – $8.70M · ±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
$119 / 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
$129,938
Tax year 2022
Assessed value
$11,539,800
Assessed 2023
Previous assessed
$11,539,800
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,719,300
Assessed improvement
$9,820,500
Land market value
$1,719,300
Improvement market value
$9,820,500
Total market value
$11,539,800
Applied tax rate
16.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1982
Construction
CONCRETE
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
3
Units
1
Total area
66,707 SF
Lot
18.02 ac (784,951 SF)
Zoning code
NT
APN
16-162604
UPID
US40-0853920
Jurisdiction
HOWARD
Zoning & alternative use
NT · Columbia, MD
Zoning NT · permitted uses
NT · Columbia, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$10.9M
AUTO REPAIR, GARAGE
Est. value
$10.2M
OFFICE BUILDING
Est. value
$6.3M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1982
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
1
Lot
18.02 ac
Current owner
From public records · entity-resolved
Columbia 5450 & 5500 Mp Wrk7 LLC
Entity
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2025
—
Columbia 5450 & 5500 Mp Wrk7 LLC
Welltower Op LLC
Deed
$360,281,750 · Capital One NA
Nov 5, 2015
$35,500,000
Welltower INC
Knoll North Owner LLC
Grant Deed
related
—
Aug 22, 2013
$16,750,000
Knoll North Owner LLC
Acc Columbia Medical Campus LP
Grant Deed
$14,112,771 · Regions Bank
Aug 4, 2005
$15,188,000
Acc Columbia Medical Campus LLC
Carefirst Bluechoice INC
Grant Deed
—
Nov 6, 1998
—
Pmg Acquisition Corp
Patuxent Medical Group INC
Grant Deed
related
—
Mar 27, 1998
—
Cmp Acquisition Corp
Columbia Medical Plan INC
Grant Deed
related
—
—
—
Knoll North Owner LLC
—
Deed Of Trust
related
$18,800,000 · General Elec Cap
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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