Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6905 Scarlet Oaks Dr Elkridge, MD 21075-6241

    • Assisted living facilities
    • 2,734 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    Jan 21, 2020
    $271,780
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0403467
    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

    • Assisted living facilities

    Property Details for 6905 Scarlet Oaks Dr

    Year built
    2001
    Lot size
    0.24 lot acres
    Property size
    2,734 SF
    Zone code
    R12
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    01-287354
    APU
    1287354

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $245,000
      ML approach
      $220,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $204,000
      Market price range: $48.4k - $243k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $330,000
      OFFICE BUILDING
      $220,000
      MEDICAL BUILDING
      $190,000
      RETAIL STORES
      $150,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkridge
    County
    Howard
    State
    Maryland
    Longitude
    -76.7552
    Latitude
    39.1831
    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
    $5,794
    $212,000
    $310,900
    $522,900
    -
    $212,000
    $310,900
    $522,900

    Comparable in this City

    • Value Estimation
      $940,000
      79,396 SF

      6391 Rowanberry Dr

      HOMES (RETIRED, NURSING) • 79,396 SF
      6391 Rowanberry Dr, Elkridge, MD 21075-7027
      View Details
    • Value Estimation
      $735,000
      47,712 SF

      7615 Washington Blvd

      HOMES (RETIRED, NURSING) • 47,712 SF
      7615 Washington Blvd, Elkridge, MD 21075-6443
      View Details
    • Value Estimation
      $325,000
      1,320 SF

      5756 Augustine Ave

      HOMES (RETIRED, NURSING) • 1,320 SF
      5756 Augustine Ave, Elkridge, MD 21075-5312
      View Details
    • Value Estimation
      $125,000
      7,149 SF

      6270 Washington Blvd

      MEDICAL BUILDING • 7,149 SF
      6270 Washington Blvd, Elkridge, MD 21075-5235
      View Details
    • Value Estimation
      $350,000
      29,644 SF

      6820 Deerpath Rd

      MEDICAL BUILDING • 29,644 SF
      6820 Deerpath Rd, Elkridge, MD 21075-6200
      View Details
    • Value Estimation
      $330,000
      17,032 SF

      6816 Deerpath Rd

      MEDICAL BUILDING • 17,032 SF
      6816 Deerpath Rd, Elkridge, MD 21075-7392
      View Details

    Similar Nearby for Sale

    • $450,000

      Top-Floor Condo in Active Community

      Spacious 3-bedroom condo in 55+ community with golf course.
      7315 Brookview Rd, Baltimore, MD 21075
      View Details
    • $775,000

      Elkridge Mixed-Use Property For Sale

      Mixed-use property with warehouse and office buildings near major routes.
      5721-25 Main St, Baltimore, MD 21075
      View Details
    • $479,900

      Elkridge Property For Sale

      Elkridge property available for purchase.
      7318 Freebird Ln, Elkridge, MD 21075
      View Details
    • $519,900

      Elkridge Specialty Property For Sale

      Specialty property available for purchase in Elkridge, Maryland.
      6477 Woodland Forest Dr, Elkridge, MD 21075
      View Details
    • $695,000

      Elkridge Specialty Property For Sale

      Specialty property available for purchase in Elkridge, Maryland.
      6557 Elderberry Ct, Baltimore, MD 21075
      View Details
    • Contact for pricing
      76,665 SF

      Prime Commercial Land Opportunity

      4.51 acres of commercial land primed for development.
      6080 Washington Blvd, Elkridge, MD 21075
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      6,249 SF

      Elkridge Office Space for Lease

      Flexible workspace solutions in Elkridge, MD.
      6865 Deerpath Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing
      25,600 SF

      Elkridge Warehouse Space Available

      25,600 sq ft warehouse space for rent in Elkridge.
      7091 Dorsey Run Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing
      36,800 SF

      Elkridge Industrial Space Available

      Industrial space for lease in Route 100 Industrial Park.
      6955 San Tomas Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing
      27,300 SF

      Industrial Property in Elkridge, MD

      27,300 SF industrial space available for lease.
      6730 Santa Barbara Ct, Elkridge, MD 21075
      View Details
    • Contact for pricing
      14,481 SF

      LEED Gold Certified Office Space

      Office space with I-95 visibility and easy highway access.
      6518 Meadowridge Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing
      87,195 SF

      Elkridge Warehouse and Distribution Space

      87,195 sqft warehouse and distribution space in Elkridge, Maryland.
      6500 Kane Way, Elkridge, MD 21075
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6905 Scarlet Oaks Dr
    Elkridge, MD 21075-6241
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.