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    Property profile & analytics

    6811 Benjamin Franklin Dr Columbia, MD 21046

    • Office buildings
    • 53,666 SF
    • 13.37 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1193385
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cassidy Turley / Real Estate Agency
    • Beacon Pointe Advisors / Financial Advisor
    • ASRC Federal Vistronix / Corporate Office
    • Keeney Financial Group / Financial Advisor
    • Metropolitan Wealth Advisors / Financial Advisor

    Property Details for 6811 Benjamin Franklin Dr

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    13.37 lot acres
    Property size
    53,666 SF
    Zone code
    M1
    Property type
    Office buildings
    APN
    06-563112
    APU
    6563112

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,517,000
      Market price range: $6.39M - $16.5M
      AI Estimate
      $9,320,000
      Market price range: $1.22M - $9.32M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $10,920,000
      Current use
      AUTO REPAIR, GARAGE
      $19,780,000
      Change: +81% Conversion: Difficult
      RETAIL STORES
      $16,020,000
      Change: +47% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $12,260,000
      Change: +12% Conversion: Easy
      WAREHOUSE, STORAGE
      $9,800,000
      Change: -10% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Howard
    State
    Maryland
    Longitude
    -76.7981
    Latitude
    39.1779
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $245,932
    $0.00
    $0.00
    $22,170,300
    -
    $6,406,300
    $16,422,200
    $22,828,500

    Comparable in this City

    • Value Estimation
      $8,115,000
      70,720 SF

      9841 Broken Land Pkwy

      OFFICE BUILDING • 70,720 SF
      9841 Broken Land Pkwy, Columbia, MD 21046-1169
      View Details
    • Value Estimation
      $12,545,000
      129,682 SF

      6731 Columbia Gtwy Dr

      OFFICE BUILDING • 129,682 SF
      6731 Columbia Gtwy Dr, Columbia, MD 21046-2136
      View Details
    • Value Estimation
      $8,900,000
      38,476 SF

      7065 Columbia Gtwy Dr

      OFFICE BUILDING • 38,476 SF
      7065 Columbia Gtwy Dr, Columbia, MD 21046-3403
      View Details
    • Value Estimation
      $9,270,000
      114,100 SF

      6940 Columbia Gtwy Dr

      OFFICE BUILDING • 114,100 SF
      6940 Columbia Gtwy Dr, Columbia, MD 21046-2788
      View Details
    • Value Estimation
      $4,010,000
      52,600 SF

      7090 Columbia Gtwy Dr

      OFFICE BUILDING • 52,600 SF
      7090 Columbia Gtwy Dr, Columbia, MD 21046-2299
      View Details
    • Value Estimation
      $13,740,000
      129,682 SF

      6711 Columbia Gtwy Dr

      OFFICE BUILDING • 129,682 SF
      6711 Columbia Gtwy Dr, Columbia, MD 21046-2294
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7.71 Acres

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      Modern, fully-built office spaces in prime location.
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      11,526 SF

      Columbia Office Condos For Sale

      Two office condos available in Columbia's prominent business park.
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      7.71 Acres

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      Prime Columbia office space, flexible lease terms.
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    • $840,000
      2,000 SF

      Private Offices with Separate Entrances

      Private offices suitable for office-intensive use with independent operation.
      10450 Shaker Dr, Columbia, MD 21046
      View Details
    • Contact for pricing
      41,094 SF

      Columbia Gateway Corporate Park Office

      Office space in Columbia Gateway Corporate Park.
      7168 Columbia Gateway Dr, Columbia, MD 21046
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      123,043 SF

      Columbia Industrial Building with Warehouse

      123,043 SF industrial building with warehouse and office space.
      7020 Columbia Gateway Dr, Columbia, MD 21046
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    Similar Nearby for Lease

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      22,000 SF

      Class A Office Building

      Five-story Class A office building with tenant amenities.
      7021 Columbia Gateway Dr, Columbia, MD 21046
      View Details
    • Contact for pricing
      26,212 SF

      Columbia Office Building For Rent

      Single-story office building in Columbia Gateway business park.
      7065 Samuel Morse Dr, Columbia, MD 21046
      View Details
    • Contact for pricing
      11,900 SF

      Class A Office Building

      Two-story office building in Columbia Gateway corporate park.
      7055 Samuel Morse Dr, Columbia, MD 21046
      View Details
    • Contact for pricing
      6,666 SF

      Columbia Office/Flex Space Available

      Single-story office/flex buildings with easy access to major routes.
      9730 Patuxent Woods Dr, Columbia, MD 21046
      View Details
    • $22 SF/Yr
      3,101 SF

      Columbia Office Building For Sale

      58,109 SF office building in Columbia, MD for sale.
      7125 Thomas Edison Dr, Columbia, MD 21046
      View Details
    • Contact for pricing

      Gateway

      Discover many ways to work your way in Gateway
      6700 Alexander Bell Dr, Columbia, MD 21046
      View Details
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    Columbia, MD 21046
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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