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Property profile & analytics
OFF-MARKET
Estimated value
$2,230,000
Office buildings
6050 Meadowridge Ctr Dr, Elkridge, MD 21075-6088
Entity Owned
9-yr Hold
Free & Clear
Property ID
US40-1041923
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2018
Total area
13,000 SF
Lot
2.72 ac (118,483 SF)
Zoning code
PEC
APN
01-320858
UPID
US40-1041923
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
$2.97M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$2.23M
Owner & transaction history
100-103 Center LLC · 9 yrs held
100-103 Center LLC
since 2016
6 recorded transactions
Zoning & alternative use
PEC · Elkridge, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.0M
+12.4%
Restaurant
$3.0M
+10.7%
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 Elkridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkridge 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%
$3,215,000
6.5%
$2,965,000
7%
$2,755,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,670,000
Current use
AUTO REPAIR, GARAGE
$3,000,000
Change: +12% · Conversion: Difficult
RESTAURANT
$2,955,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,380,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±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
$172 / 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
$32,209
Tax year 2022
Assessed value
$2,860,500
Assessed 2023
Previous assessed
$2,860,500
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,010,900
Assessed improvement
$1,849,600
Land market value
$1,010,900
Improvement market value
$1,849,600
Total market value
$2,860,500
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 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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
13,000 SF
Lot
2.72 ac (118,483 SF)
Zoning code
PEC
APN
01-320858
UPID
US40-1041923
Jurisdiction
HOWARD
Zoning & alternative use
PEC · Elkridge, MD
Zoning PEC · permitted uses
PEC · Elkridge, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elkridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RESTAURANT
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
2.72 ac
Current owner
From public records · entity-resolved
100-103 Center LLC
Entity
Free & Clear · 9 yrs held
Mailing address
5100 DORSEY HALL DR, ELLICOTT CITY, MD 21042-7870
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2019
—
100-103 Center LLC
—
Grant Deed
related
$10,500,000 · Miscellaneous Ins Co
Dec 26, 2017
—
100-103 Center LLC
—
Deed
related
$2,750,000 · Revere Bk
Jul 11, 2016
$1,060,000
100-103 Center LLC
100 Overlook LLC
Grant Deed
—
Aug 6, 2012
$437,500
100 Overlook LLC
100 Investment Limited Partnership
Deed
$437,500 · Peoplesbank
—
—
100 Overlook LLC
—
Deed Of Trust
related
$675,000 · Peoples Bk
—
—
100-103 Center LLC
—
Deed Of Trust
related
$2,750,000 · Revere Bk
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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