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Property profile & analytics
OFF-MARKET
Estimated value
$10,975,000
Distribution centers
7125 Troy Hl Dr, Elkridge, MD 21075-7064
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-0734321
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
66,816 SF
Lot
6.2 ac (270,072 SF)
Zoning code
M1
APN
01-286943
UPID
US40-0734321
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
$7.70M
CAP Approach
CAP
$6.77M
Comparable Approach
Comparable
$13.23M
Blend (final)
Blend
$10.98M
Owner & transaction history
Qbl Md 7125 Troy LLC · 4 yrs held
Qbl Md 7125 Troy LLC
since 2022
Last sale
$13.7M
7 recorded transactions
Zoning & alternative use
M1 · Elkridge, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.4M
+51.7%
Restaurant
$15.2M
+49.5%
Office building
$13.7M
+35.0%
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
$10,745,000
ML approach
$7,695,000
CAP Approach
CAP Return
Estimation
6%
$7,335,000
6.5%
$6,770,000
7%
$6,285,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,165,000
Current use
AUTO REPAIR, GARAGE
$15,415,000
Change: +52% · Conversion: Easy
RESTAURANT
$15,195,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$13,720,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,235,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$9,710,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$9,305,000
Change: -8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,170,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$10.98M
Range $9.88M – $12.07M · ±10% · vs last sale $13.70M (Jan 24 2022)
Last sale anchor
$13.70M
Jan 24 2022
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
$164 / 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
$90,940
Tax year 2022
Assessed value
$9,035,400
Assessed 2023
Previous assessed
$8,076,367
+11.9% YoY
Effective rate
1.01%
On assessed value
Assessed land
$1,695,800
Assessed improvement
$7,339,600
Land market value
$1,695,800
Improvement market value
$7,339,600
Total market value
$9,035,400
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
66,816 SF
Lot
6.2 ac (270,072 SF)
Zoning code
M1
APN
01-286943
UPID
US40-0734321
Jurisdiction
HOWARD
Zoning & alternative use
M1 · Elkridge, MD
Zoning M1 · permitted uses
M1 · 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
$10.2M
AUTO REPAIR, GARAGE
Est. value
$15.4M
RESTAURANT
Est. value
$15.2M
OFFICE BUILDING
Est. value
$13.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.2M
MEDICAL BUILDING
Est. value
$9.7M
RETAIL STORES
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$9.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
6.2 ac
Current owner
From public records · entity-resolved
Qbl Md 7125 Troy LLC
Entity
Free & Clear · 4 yrs held
Mailing address
116 HUNTINGTON AVE STE #601, BOSTON, MA 02116-5749
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
—
Qbl Md 7125 Troy LLC
—
Deed
related
$9,616,959 · Sumitomo Mitsui Banking Corp
Jan 24, 2022
$13,700,000
Qbl Md 7125 Troy LLC
Lrf1 Dc Logistics 5 LLC
Special Warranty Deed
—
Jun 22, 2020
$9,348,000
Lrf1 Dc Logistics 5 LLC
Andrew T Burke
Grant Deed
—
Sep 18, 2012
$6,768,446
Terreno Troy Hill Holdings LLC
Tango LLC
Grant Deed
$4,100,000 · Wells Fargo Bank 2004-key2 (ce
Mar 15, 2002
$732,500
Tango LLC
Troy Hill Investors LLC
Grant Deed
—
Nov 3, 2000
$3,500,000
Troy Hill Investors LLC
Troy Hill Business Park Partne
Grant Deed
related
$15,300,000 · Bank Of America
—
—
Tango LLC
—
Deed Of Trust
related
$4,100,000 · J P Morgan Chase Bank
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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