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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Medical Office Space
6270 Washington Blvd Elkridge, MD 21075-5235
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US40-0086222
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,149 SF
Lot
0.43 ac (18,731 SF)
Zoning code
B2
APN
01-161717
UPID
US40-0086222
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
by Request
Comparable Approach
Comparable
$943k
Blend (final)
Blend
$780k
Owner & transaction history
Kjg Real Estate LLC · 12 yrs held
Kjg Real Estate LLC
since 2014
4 recorded transactions
Zoning & alternative use
B2 · Elkridge, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+4.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,040,000
Current use
WAREHOUSE, STORAGE
$1,090,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$995,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$980,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$109 / 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
$7,707
Tax year 2022
Assessed value
$724,300
Assessed 2023
Previous assessed
$684,467
+5.8% YoY
Effective rate
1.06%
On assessed value
Assessed land
$243,500
Assessed improvement
$480,800
Land market value
$243,500
Improvement market value
$480,800
Total market value
$724,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
7,149 SF
Lot
0.43 ac (18,731 SF)
Zoning code
B2
APN
01-161717
UPID
US40-0086222
Jurisdiction
HOWARD
Zoning & alternative use
B2 · Elkridge, MD
Zoning B2 · permitted uses
B2 · 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
MEDICAL BUILDING Current
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$995,000
COMMERCIAL (GENERAL)
Est. value
$980,000
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
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
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Kjg Real Estate LLC
Entity
Mailing address
1605 PORTER CRK CT, MOUNT AIRY, MD 21771-7462
Ownership since
2014
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
Mar 4, 2014
$605,000
Kjg Real Estate LLC
Third Putt LLC
Grant Deed
$514,250 · Bank Of America
Nov 30, 2010
$850,000
Third Putt LLC
Diamond Cindy R
Trustees Deed
—
Nov 9, 2006
$1,300,000
El Dorodo LLC
Koh,jay D & Kyu J
Grant Deed
$1,040,000 · Greater Atlantic Bank
—
—
Jay D Koh
—
Deed Of Trust
related
$347,000 · Mid-atlantic Business Finance
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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