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

    6211 Grn Fld Rd Elkridge, MD 21075-6219

    • Apartment buildings
    • 43,456 SF
    • 7.20 lot acres
    OFF-MARKET
    Value Estimations
    $8,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0464566
    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

    • Apartment buildings

    Property Details for 6211 Grn Fld Rd

    Year built
    2009
    Construction
    WOOD
    Lot size
    7.20 lot acres
    Property size
    43,456 SF
    Zone code
    RA15
    Property type
    Apartment buildings
    APN
    01-160710
    APU
    1160710

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,435,000
      6.5%
      $8,710,000
      7%
      $8,090,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,268,000
      Market price range: $2.95M - $9.27M
      AI Estimate
      $6,437,000
      Market price range: $872k - $6.44M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,615,000
      Current use
      AUTO REPAIR, GARAGE
      $10,025,000
      Change: +79% Conversion: Difficult
      RESTAURANT
      $9,880,000
      Change: +76% Conversion: Difficult
      OFFICE BUILDING
      $8,925,000
      Change: +59% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $7,960,000
      Change: +42% Conversion: Difficult
      WAREHOUSE, STORAGE
      $6,610,000
      Change: +18% Conversion: Difficult
      MEDICAL BUILDING
      $6,315,000
      Change: +12% Conversion: Moderate
      RETAIL STORES
      $6,055,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkridge
    County
    Howard
    State
    Maryland
    Longitude
    -76.7325
    Latitude
    39.2045
    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
    $316,170
    $3,254,700
    $24,853,100
    $28,107,800
    -
    $3,254,700
    $24,853,100
    $28,107,800

    Comparable in this City

    • Value Estimation
      $10,375,000
      55,400 SF

      7603 Blue Strm Dr

      APARTMENT HOUSE (100+ UNITS) • 55,400 SF
      7603 Blue Strm Dr, Elkridge, MD 21075
      View Details
    • Value Estimation by Request
      370,240 SF

      7500 Hearthside Way

      APARTMENT HOUSE (100+ UNITS) • 370,240 SF
      7500 Hearthside Way, Elkridge, MD 21075-6860
      View Details
    • Value Estimation
      $14,425,000
      77,028 SF

      8151 Robinson Jefferson Dr

      APARTMENT HOUSE (100+ UNITS) • 77,028 SF
      8151 Robinson Jefferson Dr, Elkridge, MD 21075-6551
      View Details
    • Value Estimation
      $10,595,000
      56,584 SF

      5875 Meadowridge Rd

      APARTMENT HOUSE (100+ UNITS) • 56,584 SF
      5875 Meadowridge Rd, Elkridge, MD 21075
      View Details
    • Value Estimation
      $4,720,000
      25,200 SF

      5659 Furnace Ave

      APARTMENT HOUSE (5+ UNITS) • 25,200 SF
      5659 Furnace Ave, Elkridge, MD 21075-5109
      View Details
    • Value Estimation
      $16,360,000
      87,344 SF

      7000 Barnett Ln

      APARTMENT HOUSE (5+ UNITS) • 87,344 SF
      7000 Barnett Ln, Elkridge, MD 21075-7396
      View Details

    Similar Nearby for Sale

    • $450,000

      Top-Floor Condo in Active Community

      Spacious 3-bedroom condo in 55+ community with golf course.
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    • $499,000

      Residential Property in Elkridge, MD

      Residential property for sale in Elkridge, Maryland.
      5955 Autumn Spell, Elkridge, MD 21075
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    • $318,900
      1,290 SF

      Updated Townhouse Near Transportation

      Recently renovated townhouse with new features and convenient location.
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    • $385,500

      Spacious Townhome with Modern Updates

      Stylish 2-bedroom townhome with updates and community amenities.
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    • $540,000

      Belmont Station Townhome with Amenities

      Townhome in Belmont Station with pool, trails, and playgrounds.
      6609 Latrobe Fls, Elkridge, MD 21075
      View Details
    • $750,000
      1.50 Acres

      Elkridge Warehouse: $750,000

      7,000 SF Warehouse, 1.5 Acres
      6661 Washington Blvd, Elkridge, MD 21075
      View Details

    Similar Nearby for Lease

    • $1,700 /Mo

      Independent Two-Level Unit For Rent

      Two-level unit with private entrance, patio, and parking.
      7822 Grassy Garth, Elkridge, MD 21075
      View Details
    • $2,200 /Mo

      End Unit Townhome For Rent

      Three-level end unit townhome with fenced backyard and reserved parking.
      6001 Rowanberry Dr, Elkridge, MD 21075
      View Details
    • $2,600 /Mo
      1,600 SF

      Elkridge Townhome with Modern Amenities

      Well-maintained 3-bedroom townhome with convenient access to major routes.
      7240 Elkridge Crossing Way, Elkridge, MD 21075
      View Details
    • $132 SF/Yr
      101,066 SF

      Elkridge Industrial Warehouse Space

      101,066 SF Warehouse, Multiple Tenants
      6750 Santa Barbara Ct, Elkridge, MD 21075
      View Details
    • Contact for pricing
      13,056 SF

      Elkridge Warehouse Near Transportation Routes

      Modern warehouse with flexible lease options near major transportation routes.
      7111 Dorsey Run Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing
      13,576 SF

      Elkridge Warehouse with Exterior Entry

      Warehouse space featuring docks, drive-ins, and exterior signage opportunity.
      7195 Troy Hill Dr, Elkridge, MD 21075
      View Details
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    6211 Grn Fld Rd
    Elkridge, MD 21075-6219
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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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