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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6050 Meadowridge Ctr Dr Elkridge, MD 21075-6088

    • Office buildings
    • 13,000 SF
    • 2.72 lot acres
    OFF-MARKET
    Value Estimations
    $2,230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1041923
    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

    • Office buildings

    Property Details for 6050 Meadowridge Ctr Dr

    Year built
    2018
    Lot size
    2.72 lot acres
    Property size
    13,000 SF
    Zone code
    PEC
    Property type
    Office buildings
    APN
    01-320858
    APU
    1320858

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,215,000
      6.5%
      $2,965,000
      7%
      $2,755,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,479,000
      Market price range: $263k - $2.18M

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elkridge
    County
    Howard
    State
    Maryland
    Longitude
    -76.7806
    Latitude
    39.2088
    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
    $32,209
    $1,010,900
    $1,849,600
    $2,860,500
    -
    $1,010,900
    $1,849,600
    $2,860,500

    Comparable in this City

    • Value Estimation
      $8,830,000
      71,172 SF

      6514 Meadowridge Rd

      OFFICE BUILDING • 71,172 SF
      6514 Meadowridge Rd, Elkridge, MD 21075-6115
      View Details
    • Value Estimation
      $22,225,000
      82,935 SF

      6085 Marshalee Dr

      OFFICE BUILDING • 82,935 SF
      6085 Marshalee Dr, Elkridge, MD 21075-6023
      View Details
    • Value Estimation by Request
      2,240 SF

      5841 Washington Blvd

      OFFICE BUILDING • 2,240 SF
      5841 Washington Blvd, Elkridge, MD 21075-5134
      View Details
    • Value Estimation by Request
      1,480 SF

      6090 Lawyers Hl Rd

      OFFICE BUILDING • 1,480 SF
      6090 Lawyers Hl Rd, Elkridge, MD 21075-5419
      View Details
    • Value Estimation
      $2,330,000
      9,114 SF

      7151 Brookdale Dr

      OFFICE BUILDING • 9,114 SF
      7151 Brookdale Dr, Elkridge, MD 21075-6778
      View Details
    • Value Estimation by Request
      2,319 SF

      7431 Washington Blvd

      OFFICE BUILDING • 2,319 SF
      7431 Washington Blvd, Elkridge, MD 21075-6331
      View Details

    Similar Nearby for Sale

    • $375,000

      Elkridge Office Unit For Sale

      Professional office space in a strategic, accessible Elkridge location.
      8174 Lark Brown Rd, Elkridge, MD 21075
      View Details
    • $1,500,000
      5,200 SF

      Elkridge Industrial/Flex Space For Sale

      Tenant-occupied industrial/flex space ideal for storage, manufacturing, or service businesses.
      6310 Howard Ln, Elkridge, MD 21075
      View Details
    • $775,000

      Elkridge Mixed-Use Property For Sale

      Mixed-use property with warehouse and office buildings near major routes.
      5721-25 Main St, Elkridge, MD 21075
      View Details
    • $1,200,000

      Prime Commercial Land Opportunity

      4.51 acres of commercial land primed for development.
      6080 Washington Blvd, Elkridge, MD 21075
      View Details
    • $1,299,000

      1.3 Acres of W2 Land

      1.3 acres of W2 land available for purchase.
      1774 Dorsey Rd, Hanover, MD 21075
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,500 SF

      Elkridge Office Space For Lease

      Single-story office building with high visibility and ample parking.
      6800 Deerpath Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing

      Freestanding Office Building For Lease

      Freestanding office building in the heart of Route 1 Corridor.
      6339 Howard Ln, Elkridge, MD 21075
      View Details
    • Contact for pricing
      30,228 SF

      LEED Gold Certified Office Space

      Office space with I-95 visibility and easy highway access.
      6518 Meadowridge Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Elkridge, Maryland.
      6865 Deerpath Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing
      1,394 SF

      Elkridge Office Space Available

      Office suites available for lease in Elkridge, Maryland.
      8186 Lark Brown Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing

      Deerpath Road

      Workspaces, services and support to help you work better in SC, North Charleston - Aviation Center
      6865 Deerpath Rd, Columbia, MD 21075
      View Details
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    Elkridge, MD 21075-6088
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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