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Property profile & analytics
OFF-MARKET
Estimated value
$3,845,000
Office Spaces
6805 Douglas Legum Dr 2, Elkridge, MD 21075-6260
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1223363
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2008
Total area
18,780 SF
Lot
0.23 ac (9,852 SF)
Zoning code
TOD
APN
01-307517
UPID
US40-1223363
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
$3.21M
CAP Approach
CAP
$4.29M
Comparable Approach
Comparable
$3.98M
Blend (final)
Blend
$3.85M
Owner & transaction history
Douglas Legum Drive LLC · 4 yrs held
Douglas Legum Drive LLC
since 2022
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
TOD · Elkridge, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.3M
+12.4%
Restaurant
$4.3M
+10.7%
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
$3,040,000
ML approach
$3,205,000
CAP Approach
CAP Return
Estimation
6%
$4,640,000
6.5%
$4,285,000
7%
$3,980,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,855,000
Current use
AUTO REPAIR, GARAGE
$4,335,000
Change: +12% · Conversion: Difficult
RESTAURANT
$4,270,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,440,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$3.85M
Range $3.46M – $4.23M · ±10% · vs last sale $3.88M (Feb 8 2022)
Last sale anchor
$3.88M
Feb 8 2022
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
$205 / 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
$33,834
Tax year 2022
Assessed value
$3,004,800
Assessed 2023
Previous assessed
$3,004,800
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,201,900
Assessed improvement
$1,802,900
Land market value
$1,201,900
Improvement market value
$1,802,900
Total market value
$3,004,800
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2008
Heating
NONE
Units
1
Total area
18,780 SF
Lot
0.23 ac (9,852 SF)
Zoning code
TOD
APN
01-307517
UPID
US40-1223363
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
OFFICE BUILDING Current
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$4.3M
RESTAURANT
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Heating
NONE
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Douglas Legum Drive LLC
Entity
Mailing address
6805 W DOUGLAS LEGUM DR #2, ELKRIDGE, MD 21075-6260
Ownership since
2022
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
Feb 8, 2022
$3,875,000
Douglas Legum Drive LLC
Icat Real Estate LLC
Special Warranty Deed
$3,100,000 · First Citizens Bank & Trust Co
Nov 21, 2019
—
Icat Real Estate LLC
—
Deed
related
$2,430,986 · Bank Of America
Mar 27, 2018
—
Icat Real Estate LLC
Doresey Professional Center LLC
Deed
—
Apr 23, 2008
—
Dorsey Professional Center LLC
—
Deed Of Trust
related
$3,200,000 · Sandy Spring Bank
Nov 15, 2006
$700,000
Dorsey Professional Center LLC
S K Dorsey LLC
Grant Deed
related
$3,600,000 · Howard Bank
—
—
Icat Real Estate LLC
—
Deed Of Trust
related
$2,430,986 · Bank Of America
—
—
Dorsey Propessional Center LLC
—
Deed Of Trust
related
$2,875,000 · Columbia 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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