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Property profile & analytics
FOR LEASE
Warehouses
6500 Kane Way, Elkridge, MD 21075
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-2275363
For Lease
1 / 2
$5,615,000
6500 Kane Way, Elkridge, MD 21075
View Listing →
Property profile
Verified
Property type
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
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
$6.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.62M
Owner & transaction history
Sheppard Pratt Properties LLC · 7 yrs held
Sheppard Pratt Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
M1 · Elkridge, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$7,550,000
6.5%
$6,970,000
7%
$6,475,000
Blend value · Realmo final
$5.62M
Range $5.05M – $6.18M · ±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
$82 / 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
$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
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
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, MD
Zoning M1 · permitted uses
M1 · 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.
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
Current owner
From public records · entity-resolved
Sheppard Pratt Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
405 E JOPPA RD STE #300, TOWSON, MD 21286-5468
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2018
—
Sheppard Pratt Properties LLC
Sheppard Pratt Investment INC
Quit Claim Deed
related
—
Dec 20, 2017
—
Sheppard Pratt Properties LLC
Sheppard Pratt Investment INC
Quit Claim Deed
related
—
May 11, 2017
$12,750,000
Sheppard Pratt Investment INC
Wwiv Kdc LLC
Grant Deed
—
Dec 30, 2004
$6,738,061
Wwiv Kdc LLC
C & S Meadowridge LLC
Grant Deed
$5,700,000 · United Bank
Jan 6, 2003
$573,960
C & S Meadowridge LLC
Circle K 2 Realty LP
Grant Deed
$6,120,000 · Mercantile-safe Deposit & Trus
—
—
Kdc Investors LLC
—
Deed Of Trust
related
$5,700,000 · United Bank
—
—
Kdc Investors LLC
—
Loan Modification
related
$77,000,000 · Wells Fargo Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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