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Property profile & analytics
OFF-MARKET
Estimated value
$16,360,000
Apartment buildings
7000 Barnett Ln, Elkridge, MD 21075-7396
Entity Owned
7-yr Hold
Property ID
US40-1347602
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
87,344 SF
Lot
5.46 ac (237,838 SF)
Zoning code
CECLI
APN
01-180665
UPID
US40-1347602
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
$17.51M
Comparable Approach
Comparable
$18.63M
Blend (final)
Blend
$16.36M
Owner & transaction history
Corridor Apartments LLC · 7 yrs held
Corridor Apartments LLC
since 2018
7 recorded transactions
Zoning & alternative use
CECLI · Elkridge, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$20.2M
+78.5%
Restaurant
$19.9M
+75.9%
Office building
$17.9M
+58.9%
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%
$18,965,000
6.5%
$17,505,000
7%
$16,255,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$11,290,000
Current use
AUTO REPAIR, GARAGE
$20,155,000
Change: +79% · Conversion: Difficult
RESTAURANT
$19,860,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$17,935,000
Change: +59% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$15,995,000
Change: +42% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,285,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$12,690,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$12,165,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$16.36M
Range $14.72M – $18.00M · ±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
$187 / 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
$728,651
Tax year 2022
Assessed value
$65,893,000
Assessed 2023
Previous assessed
$65,893,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,427,000
Assessed improvement
$64,466,000
Land market value
$1,427,000
Improvement market value
$64,466,000
Total market value
$65,893,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
5
Stories
4
Units
5
Total area
87,344 SF
Lot
5.46 ac (237,838 SF)
Zoning code
CECLI
APN
01-180665
UPID
US40-1347602
Jurisdiction
HOWARD
Zoning & alternative use
CECLI · Elkridge, MD
Zoning CECLI · permitted uses
CECLI · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$11.3M
AUTO REPAIR, GARAGE
Est. value
$20.2M
RESTAURANT
Est. value
$19.9M
OFFICE BUILDING
Est. value
$17.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.0M
WAREHOUSE, STORAGE
Est. value
$13.3M
MEDICAL BUILDING
Est. value
$12.7M
RETAIL STORES
Est. value
$12.2M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
5
Units
5
Lot
5.46 ac
Current owner
From public records · entity-resolved
Corridor Apartments LLC
Entity
Mailing address
6800 DEERPATH RD STE #100, ELKRIDGE, MD 21075-6253
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2018
—
Corridor Apartments LLC
Corridor Square LLC
Quit Claim Deed
—
Sep 12, 2018
—
Corridor Apartments LLC
Corridor Square LLC
Quit Claim Deed
related
—
Apr 24, 2017
—
Corridor Square LLC
—
Loan Modification
related
$5,475,000 · Eagle Bk
Jan 29, 2016
$4,400,000
Corridor Square LLC
Robert L Fila
Special Warranty Deed
—
—
—
Corridor Apartments LLC
—
Deed Of Trust
related
$52,302,000 · Columbia Nat'l R/e Fin
—
—
Bonheur Land Co LLC
—
Deed Of Trust
related
$600,029 · Ronald L Spahn
—
—
Corridor Sqaure LLC
—
Loan Modification
related
$4,575,000 · Eagle Bk
—
—
Corridor Square LLC
—
Deed Of Trust
related
$300,000 · Sm-jacks LLC
—
—
Washington Real Estate Pt 7269
—
Deed Of Trust
related
$200,000 · Individual
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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