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Property profile & analytics
OFF-MARKET
Estimated value
$2,180,000
Office buildings
6310 Stevens Frst Rd, Columbia, MD 21046-1036
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-2365857
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,025 SF
Lot
1.39 ac (60,548 SF)
Zoning code
NT
APN
16-144541
UPID
US40-2365857
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
-
MyFlora Department Store
-
Njideka Udochi Pediatrician Physician
-
Njide Udochi Pediatrician Physician
-
PT Physician
-
Action Therapy Inc. Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.79M
Blend (final)
Blend
$2.18M
Owner & transaction history
Millennium Properties LLC · 6 yrs held
Millennium Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
NT · Columbia, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.4M
+12.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,055,000
Current use
COMMERCIAL (GENERAL)
$3,435,000
Change: +12% · Conversion: Easy
WAREHOUSE, STORAGE
$2,745,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.18M
Range $1.96M – $2.40M · ±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
$145 / 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
$30,693
Tax year 2022
Assessed value
$3,070,800
Assessed 2023
Previous assessed
$2,725,867
+12.7% YoY
Effective rate
1.00%
On assessed value
Assessed land
$454,100
Assessed improvement
$2,616,700
Land market value
$454,100
Improvement market value
$2,616,700
Total market value
$3,070,800
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 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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
15,025 SF
Lot
1.39 ac (60,548 SF)
Zoning code
NT
APN
16-144541
UPID
US40-2365857
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
OFFICE BUILDING Current
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$2.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Millennium Properties LLC
Entity
Mailing address
14520 EDGEWOODS WAY, GLENELG, MD 21737-9608
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2023
—
Millennium Properties LLC
—
Deed
related
$3,480,000 · Atlantic Union Bank
Jul 19, 2021
—
Millenium Properties LLC
—
Deed
related
$96,000 · Newtek Small Business Finance LLC
Sep 3, 2019
$3,250,000
Millennium Properties LLC
New Sum LLC
Deed
$2,600,000 · Bank Of America NA
May 14, 2019
—
Millennium Properties LLC
—
Deed
related
$2,600,000 · Bank Of America
Jun 2, 2011
$2,134,000
New Sum LLC
Stevens Forest Road LLC
Grant Deed
$2,210,000 · Howard Bank
Aug 29, 2003
—
Stevens Forest Road LLC
Brush,edward J
Grant Deed
$1,440,000 · Branch Banking & Trust Co
—
—
New Sum LLC
—
Deed Of Trust
related
$250,000 · Howard Bk
—
—
Millennium Properties LLC
—
Deed Of Trust
related
$2,600,000 · Bank Of America
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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