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Property profile & analytics
OFF-MARKET
Estimated value
$3,965,000
Commercial real estate
6801 Douglas Legum Dr, Elkridge, MD 21075-6273
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1804039
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1990
Total area
30,654 SF
Lot
5.01 ac (218,236 SF)
Zoning code
TOD
APN
01-209531
UPID
US40-1804039
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
$4.21M
Blend (final)
Blend
$3.97M
Owner & transaction history
Douglas Legum LLC · 4 yrs held
Douglas Legum LLC
since 2021
7 recorded transactions
Zoning & alternative use
TOD · Elkridge, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.3M
+49.6%
Neighborhood: shopping center
$5.6M
+33.4%
Warehouse, storage
$4.7M
+10.8%
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
COMMERCIAL (GENERAL)
$4,210,000
Current use
OFFICE BUILDING
$6,295,000
Change: +50% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,615,000
Change: +33% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,665,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$4,455,000
Change: +6% · Conversion: Easy
RETAIL STORES
$4,270,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$3.97M
Range $3.57M – $4.36M · ±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
$129 / 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
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1990
Heating
NONE
Stories
1
Total area
30,654 SF
Lot
5.01 ac (218,236 SF)
Zoning code
TOD
APN
01-209531
UPID
US40-1804039
Jurisdiction
HOWARD
Zoning & alternative use
TOD · Elkridge, MD
Zoning TOD · permitted uses
TOD · 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
COMMERCIAL (GENERAL) Current
Est. value
$4.2M
OFFICE BUILDING
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
WAREHOUSE, STORAGE
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.5M
RETAIL STORES
Est. value
$4.3M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
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
1990
Heating
NONE
Stories
1
Lot
5.01 ac
Current owner
From public records · entity-resolved
Douglas Legum LLC
Entity
Mailing address
6339 10TH OAKS RD STE #300, CLARKSVILLE, MD 21029-1155
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jul 16, 2021
$375,000
Douglas Legum LLC
Kalsnet LLC
Deed
$318,750 · Sandy Spring Bank
May 7, 2021
—
Chin Bethel Church INC
—
Deed
related
$1,000,000 · Sandy Spring Bank
May 8, 2019
$1,417,940
Sturman Real Estate LLC
S K Dorsey LLC
Deed
$1,134,352 · M & T Bank
Jun 5, 2018
—
Chin Bethel Church INC
—
Deed
related
$1,200,000 · Signal Financial FCU
Jun 2, 2016
$1,422,900
Chin Bethel Church INC
Sk Dorsey LLC
Grant Deed
—
Sep 8, 2009
$388,000
Kalsnet LLC
S K Dorsey LLC
Grant Deed
$213,500 · Howard Bank
May 15, 2001
$1,690,000
S K Dorsey LLC
Nho Parcel D LLP
Grant Deed
$3,050,000 · First Mariner Bank
—
—
Sk Dorsey LLC
—
Deed Of Trust
related
$2,880,000 · Howard Bank
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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