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Property profile & analytics
OFF-MARKET
Estimated value
$7,090,000
Distribution centers
6905 San Tomas Rd, Elkridge, MD 21075-6218
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-0011376
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
73,025 SF
Lot
3.94 ac (171,626 SF)
Zoning code
M2
APN
01-158120
UPID
US40-0011376
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
$7.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.09M
Owner & transaction history
Vif II Cel-sci Partners LLC · 18 yrs held
Vif II Cel-sci Partners LLC
since 2007
7 recorded transactions
Zoning & alternative use
M2 · 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%
$8,015,000
6.5%
$7,400,000
7%
$6,870,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,110,000
Current use
MEDICAL BUILDING
$10,610,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$10,170,000
Change: -8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$10,025,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$7.09M
Range $6.38M – $7.80M · ±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
$97 / 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
$173,024
Tax year 2022
Assessed value
$16,634,300
Assessed 2023
Previous assessed
$15,366,233
+8.3% YoY
Effective rate
1.04%
On assessed value
Assessed land
$772,300
Assessed improvement
$15,862,000
Land market value
$772,300
Improvement market value
$15,862,000
Total market value
$16,634,300
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
73,025 SF
Lot
3.94 ac (171,626 SF)
Zoning code
M2
APN
01-158120
UPID
US40-0011376
Jurisdiction
HOWARD
Zoning & alternative use
M2 · Elkridge, MD
Zoning M2 · permitted uses
M2 · 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
WAREHOUSE, STORAGE Current
Est. value
$11.1M
MEDICAL BUILDING
Est. value
$10.6M
RETAIL STORES
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$10.0M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
3.94 ac
Current owner
From public records · entity-resolved
Vif II Cel-sci Partners LLC
Entity
Mailing address
1205 MERGANSER WAY, WACO, TX 76706-4195
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Jan 15, 2021
—
Vif II Cel Scl Partners LLC
—
Deed
related
$12,100 · Municipal Employees Cu Of Oklahoma City
Oct 4, 2016
—
Vif II Cel Sci Partners LLC
—
Deed
related
$11,700,000 · Shore United Bank
Aug 10, 2007
$4,600,100
Vif II Cel-sci Partners LLC
San Thomas Properties LLC
Deed Of Trust
related
$5,215,000 · Nett Funding LLC
Jun 12, 2006
$3,870,000
San Tomas Properties LLC
Route 100 LLC
Grant Deed
$3,400,000 · Branch Banking & Trust Co
Aug 7, 1997
—
Route 100 LLC
San Tomas Associates LP
Grant Deed
$1,300,000 · Bank Of Maryland
—
—
Vif II Cel-sci Partners LLC
—
Deed Of Trust
related
$7,702,500 · Columbia Bank
—
—
Vif II Cel-sci Partners LLC
—
Deed Of Trust
related
$11,550,000 · Colfin Elkridge Funding LLC
—
—
Route 100 LLC
—
Deed Of Trust
related
$1,800,000 · American Memorial Life Ins
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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