Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5497 Waterloo Rd Ellicott City, MD 21043-6902

    • Investment properties
    • 2,044 SF
    • 2.09 lot acres
    OFF-MARKET
    Value Estimation
    $1,970,000
    Last Sale
    May 05, 2022
    $2,300,000
    Location Intelligence
    Property ID
    US40-1227194
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 5497 Waterloo Rd

    Year built
    1954
    Lot size
    2.09 lot acres
    Property size
    2,044 SF
    Zone code
    POR
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    01-170260
    APU
    1170260

    Description

    This exceptional 2.04-acre land parcel in Ellicott City, Howard County, Maryland, presents a unique investment opportunity. Located at 5497 Waterloo Rd, zip code 21043, this fee-simple property is zoned POR and offers significant potential for age-restricted adult housing. With an approved Environmental Compliance Plan (ECP) and a submitted Site Development Plan (SDP) anticipating full entitlements for 95 units by Q2 2025, this site is poised for immediate development. The property's designation as a Difficult Development Area (DDA) by HUD further underscores its potential. Howard County's high housing demand, particularly for age-restricted housing, creates a strong market for this project. The site is well-suited for various development options, including market-rate or affordable active adult rental communities, a market-rate assisted living facility, or a for-sale senior living condominium community. Offers are due December 9, 2024. This prime location within Howard County, consistently ranked among the wealthiest counties nationally, ensures strong market rents and a limited supply of comparable properties in the pipeline.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,805,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,165,000
      6.5%
      $2,255,000
      7%
      $2,450,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,370,000
      Geo Method
      $2,300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,940,000
      Retail
      $1,970,000
      Mixed-Use
      $2,345,000
      Hospitality
      $2,150,000
      Educational
      $2,660,000
      Residential Income
      $2,145,000
      Energy
      $2,325,000
      Income-Based Land
      $2,530,000
      Food Service
      $2,670,000

    Location Insight

    • Map
    • Local Demand
    City
    Ellicott City
    County
    Howard
    State
    Maryland
    Longitude
    -76.8068
    Latitude
    39.2213
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $7,394
    $631,700
    $25,000
    $656,700
    -
    $631,700
    $25,000
    $656,700

    Comparable in this City

    • Value Estimation by Request
      2,541 SF

      8205 Tyson Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,541 SF
      8205 Tyson Rd, Ellicott City, MD 21043-3431
      View Details
    • Value Estimation
      $280,000
      1,565 SF

      152 Frederick Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,565 SF
      152 Frederick Rd, Ellicott City, MD 21043-4712
      View Details
    • Value Estimation by Request
      2,152 SF

      156 Frederick Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,152 SF
      156 Frederick Rd, Ellicott City, MD 21043-4712
      View Details
    • Value Estimation
      $245,000
      1,776 SF

      150 Frederick Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,776 SF
      150 Frederick Rd, Ellicott City, MD 21043-4712
      View Details
    • Value Estimation by Request
      2,616 SF

      122 Frederick Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,616 SF
      122 Frederick Rd, Ellicott City, MD 21043-4712
      View Details
    • Value Estimation by Request
      2.85 Acres

      1st Academy Rda

      STORES & APARTMENTS • 2.85 Acres
      1st Academy Rda, Ellicott City, MD 21043
      View Details

    Similar Nearby for Sale

    • $495,000

      Ellicott City Specialty Property

      Specialty property available for sale in Ellicott City.
      8106 Wooded Glen Ct, Ellicott City, MD 21043
      View Details
    • $515,000

      Ellicott City Specialty Property

      Specialty property available for sale in Ellicott City.
      8743 Ruppert Ct, Ellicott City, MD 21043
      View Details
    • $730,000

      Ellicott City Specialty Property

      Specialty property available for sale in Ellicott City.
      4718 Bounty Ct, Ellicott City, MD 21043
      View Details
    • $255,000
      0.47 Acres

      Residential Land in Ellicott City

      Large lot to build your dream home in Ellicott City.
      2832 Willow Ln, Ellicott City, MD 21043
      View Details
    • $479,900
      1,856 SF

      Well-Maintained Townhome with Modern Updates

      Updated townhome featuring three bedrooms, finished basement, and composite deck.
      5718 Goldfinch Ct, Ellicott City, MD 21043
      View Details
    • $860,000

      Ellicott City Specialty Property

      Specialty property available for sale in Ellicott City.
      5317 Tims Ct, Ellicott City, MD 21043
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      625 SF

      Turn Key Office Space

      Office space near courthouse and downtown Ellicott City.
      8726 Town And Country Blvd, Ellicott City, MD 21043
      View Details
    • Contact for pricing
      94,867 SF

      Columbia Corporate Park Office Space

      Prime Ellicott City Office, 4,747 SF Available
      6011 University Blvd, Ellicott City, MD 21043
      View Details
    • $1,500 /Mo

      Ellicott City Office Condominium

      Office condominium with meeting room, reception area, and highway access.
      3460 Ellicott Center Dr, Ellicott City, MD 21043
      View Details
    • New
      $2,400 /Mo
      7,405 SF

      Ellicott City Office Space Available

      Professional office space in historic Ellicott City with ample parking.
      3675 Park Ave, Ellicott City, MD 21043
      View Details
    • Contact for pricing
      4,000 SF

      Dorsey's Search Village Center Retail Space

      Prime Ellicott City Retail Opportunity
      0 Dorsey Hall Dr, Ellicott City, MD 21043
      View Details
    • $3,500 /Mo

      Ellicott City Medical Office Space

      Well-maintained pediatric medical office in Ellicott City for lease.
      3444 Ellicott Center Dr, Ellicott City, MD 21043
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5497 Waterloo Rd
    Ellicott City, MD 21043-6902
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.