Entity Owned Property summary
AI-generated overview
This industrial property, formerly known as 6555 Meadowridge Rd, provides 87,195 square feet of warehouse and distribution space and is configured to accommodate warehouse and distribution-oriented industrial uses. The property is located in Elkridge, Maryland.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
68,800 SF
Lot
6.83 ac (297,297 SF)
Zoning code
M1
APN
01-176269
UPID
US40-2275363
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
General Contractor
-
Furniture & Home Goods
-
Plumbing Service General Contractor
-
Moving Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.62M
Owner & transaction history
since 2018
7 recorded transactions
Zoning & alternative use
M1 · Elkridge, MD
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.62M
Value range
$5.05M – $6.18M
±10% around blend
Estimated value / SF
$82 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
40
$5.05M
blend $5.62M
$6.18M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
68,800 SF
Lot area
6.83 ac
Year built
2004
Stories
1
APN
01-176269
Zoning
M1
Assessed value
$9,609,600
Annual tax
$108,204
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.97M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.55M
@ 6.5% CAP return
$6.97M
@ 7% CAP return
$6.48M
4
Sales comparison
Partial preview
Sales approach indication
$4.84M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.9 mi away · 86,792 SF
18.6 mi away · 60,000 SF
19.4 mi away · 61,978 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.62M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 345 sales
$152
-46%
County 54 sales
$183
-55%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $82/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.61M
Move the market yield to see immediate price impact.
Value / SF
$140
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$605k
$12.11M
$8.65M
$6.73M
$673k
$13.45M
$9.61M
$7.47M
$740k
$14.80M
$10.57M
$8.22M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$16.26M
3.5 mi · Nov 2025 · $184/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$108,204
Tax year 2022
Assessed value
$9,609,600
Assessed 2023
Previous assessed
$9,609,600
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,656,100
Assessed improvement
$7,953,500
Land market value
$1,656,100
Improvement market value
$7,953,500
Total market value
$9,609,600
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
68,800 SF
Lot
6.83 ac (297,297 SF)
Zoning code
M1
APN
01-176269
UPID
US40-2275363
Jurisdiction
HOWARD
Zoning & alternative use
M1 · Elkridge, MDZoning M1 · permitted uses
M1 · Elkridge, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
6.83 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1
Jurisdiction
Elkridge, MD
Recorded code
M1
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Debt & historyRecorded loans and transaction history
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