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Property profile & analytics
FOR LEASE
Outlet malls
6171 Columbia Crossing Cir, Columbia, MD 21045
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-1098696
For Lease
1 / 2
$7,105,000
6171 Columbia Crossing Cir, Columbia, MD 21045
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,450 SF
Lot
3.49 ac (152,024 SF)
Zoning code
NT
APN
16-213241
UPID
US40-1098696
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
Current use
Occupant on record · Public records
-
Ross Dress for Less Women'S Clothing Store Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.24M
Comparable Approach
Comparable
$7.85M
Blend (final)
Blend
$7.11M
Owner & transaction history
Agree Limited Partnership · 1 yrs held
Agree Limited Partnership
since 2024
Last sale
$7.7M
4 recorded transactions
Zoning & alternative use
NT · Columbia, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.5M
+23.5%
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%
$5,675,000
6.5%
$5,240,000
7%
$4,865,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,495,000
Current use
AUTO REPAIR, GARAGE
$10,485,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,685,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$7.11M
Range $6.39M – $7.82M · ±10% · vs last sale $7.67M (Aug 6 2024)
Last sale anchor
$7.67M
Aug 6 2024
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
$250 / 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
$55,922
Tax year 2022
Assessed value
$5,246,200
Assessed 2023
Previous assessed
$4,966,400
+5.6% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,280,300
Assessed improvement
$2,965,900
Land market value
$2,280,300
Improvement market value
$2,965,900
Total market value
$5,246,200
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
28,450 SF
Lot
3.49 ac (152,024 SF)
Zoning code
NT
APN
16-213241
UPID
US40-1098696
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
RETAIL STORES Current
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$10.5M
COMMERCIAL (GENERAL)
Est. value
$7.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
3.49 ac
Current owner
From public records · entity-resolved
Agree Limited Partnership
Entity
Free & Clear · 1 yrs held
Mailing address
1585 KAPIOLANI BLVD STE #1110, HONOLULU, HI 96814-4543
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2024
$7,668,199
Agree Limited Partnership
Comp Columbia Investors LLC
Special Warranty Deed
—
Jun 21, 2002
$4,750,000
Comp-columbia Investors LLC
Compusa Stores LP
Grant Deed
related
$3,400,000 · National Western Life Insuranc
Apr 2, 1999
$2,719,900
Compusa Stores LP
Compusa INC
Grant Deed
related
—
Jan 29, 1998
$1,575,000
Compusa INC
Howard Research & Development
Grant Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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