Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7060 Columbia Gtwy Dr Columbia, MD 21046-2119
    Back to Search
    Property profile & analytics

    7060 Columbia Gtwy Dr, Columbia, MD 21046-2119

    View on Map
    • Medical Office Space
    • 45,496 SF
    • 5.15 lot acres
    Off-Market
    Property ID
    US40-2269992
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 7060 Columbia Gtwy Dr

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.15 lot acres
    Zone code
    M1
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    06-527043
    APU
    6527043

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 20, 2005 $7,469 University Of Maryland Medical Syst 7060 Gateway Drive LLC Grant Deed —
    Dec 30, 2003 $5,000,000 7060 Gateway Drive LLC Fiserv Solutions INC Grant Deed $5M · S & S Finance LP
    Dec 12, 2001 $3,150 Fiserv Solutions Ncr Corp Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Howard
    State
    Maryland
    Longitude
    -76.8063
    Latitude
    39.173
    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
    $83,054
    $0.00
    $0.00
    $7,430,900
    -
    $2,467,600
    $5,073,100
    $7,540,700

    Comparable in this City

    • Value Estimation by Request
      3,116 SF

      6332 Amherst Ave

      HOMES (RETIRED, NURSING)
      6332 Amherst Ave, Columbia, MD 21046-1058
      View Details
    • Value Estimation by Request
      5,120 SF

      10110 Wesleigh Dr

      HOMES (RETIRED, NURSING)
      10110 Wesleigh Dr, Columbia, MD 21046-1132
      View Details
    • Value Estimation
      $945,000
      18,036 SF

      7261 Eden Brk Dr

      HOMES (RETIRED, NURSING)
      7261 Eden Brk Dr, Columbia, MD 21046-1448
      View Details
    • Value Estimation by Request
      2,381 SF

      6344 Amherst Ave

      HOMES (RETIRED, NURSING)
      6344 Amherst Ave, Columbia, MD 21046-1058
      View Details
    • Value Estimation by Request
      20,618 SF

      6700 Alexander Bell Dr

      Office Units
      6700 Alexander Bell Dr, Columbia, MD 21046
      View Details
    • Value Estimation
      $8,115,000
      70,720 SF

      9841 Broken Land Pkwy

      OFFICE BUILDING
      9841 Broken Land Pkwy, Columbia, MD 21046-1169
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7.71 Acres

      Prime Columbia Office Suites for Lease

      Modern, fully-built office spaces in prime location.
      7230 Lee Deforest Dr, Columbia, MD 21046
      View Details
    • Contact for pricing
      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
      View Details
    • Contact for pricing
      22,343 SF

      Office and Dock-Loading Space

      Office space with dock-loading, easy access to major routes.
      9115 Guilford Rd, Columbia, MD 21046
      View Details
    • Contact for pricing

      Columbia Gateway Industrial Building

      123,043 SF industrial building in Columbia Gateway Development.
      7020 Columbia Gateway Dr, Columbia, MD 21046
      View Details
    • Contact for pricing
      7.71 Acres

      Columbia Office Suite - 4832 SF

      Prime Columbia office space, flexible lease terms.
      7230 Lee Deforest Dr, Columbia, MD 21046
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,198 SF

      Columbia Medical Office Space

      Medical office space in Columbia Gateway business park.
      7070 Samuel Morse Dr, Columbia, MD 21046
      View Details
    • Contact for pricing
      1,578 SF

      Columbia Office & Medical Building

      Office and medical building for lease and sale in Columbia.
      6325 Woodside Ct, Columbia, MD 21046
      View Details
    • Contact for pricing
      2,171 SF

      Columbia Office Space For Rent

      Corner lot office space available for lease in Columbia, MD.
      9700 Patuxent Woods Dr, Columbia, MD 21046
      View Details
    • Contact for pricing
      3,807 SF

      Columbia Office Space For Rent

      Office space in Columbia, Maryland, featuring a corporate campus.
      7110 Samuel Morse Dr, Columbia, MD 21046
      View Details
    • Contact for pricing
      2,414 SF

      Columbia Office/Flex Space Available

      Single-story office/flex space near retail and major employment centers.
      8325 Guilford Rd, 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
    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.
    7060 Columbia Gtwy Dr
    Columbia, MD 21046-2119
    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

    Thank You for Inquiry
    7060 Columbia Gtwy Dr, Columbia, MD, 21046
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!