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Property profile & analytics
OFF-MARKET
Estimated value
$1,945,000
Retail space
7190 Troy Hl Dr Elkridge, MD 21075-7415
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US40-2274549
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Total area
16,800 SF
Lot
2 ac (87,120 SF)
Zoning code
B2
APN
01-290843
UPID
US40-2274549
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
by Request
Comparable Approach
Comparable
$2.50M
Blend (final)
Blend
$1.95M
Owner & transaction history
Troy Hill Square LLC · 19 yrs held
Troy Hill Square LLC
since 2007
6 recorded transactions
Zoning & alternative use
B2 · Elkridge, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.1M
+31.5%
Warehouse, storage
$2.6M
+9.2%
Medical building
$2.4M
+4.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,340,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,075,000
Change: +31% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,555,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$2,440,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,305,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$1.95M
Range $1.75M – $2.14M · ±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
$116 / 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
$37,434
Tax year 2022
Assessed value
$3,507,400
Assessed 2023
Previous assessed
$3,324,467
+5.5% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,045,700
Assessed improvement
$2,461,700
Land market value
$1,045,700
Improvement market value
$2,461,700
Total market value
$3,507,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
16,800 SF
Lot
2 ac (87,120 SF)
Zoning code
B2
APN
01-290843
UPID
US40-2274549
Jurisdiction
HOWARD
Zoning & alternative use
B2 · Elkridge, MD
Zoning B2 · permitted uses
B2 · 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
RETAIL STORES Current
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Troy Hill Square LLC
Entity
Mailing address
6800 DEERPATH RD STE #100, ELKRIDGE, MD 21075-6253
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2021
—
Troy Hill Square LLC
—
Deed
related
$5,250,000 · Sandy Spring Bank
Jul 31, 2017
—
Troy Hill Square LLC
—
Deed
related
$425,000 · Columbia Bk
May 3, 2016
—
Troy Hill Square LLC
—
Deed
related
$4,575,000 · The Columbia Bank
Jun 7, 2007
$1,100,000
Troy Hill Square LLC
Troy Hill Corporate Center I
Grant Deed
related
—
Jan 25, 2007
$1,100,000
Troy Hill Square LLC
Troy Hill Corporate Center I L
Grant Deed
related
$913,000 · Howard Bank
—
—
Troy Hill Square LLC
—
Deed Of Trust
related
$425,000 · Columbia Bk
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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