New search
Property profile & analytics
OFF-MARKET
Estimated value
$28,440,000
Apartment buildings
7803 Blue Strm Dr, Elkridge, MD 21075-8168
Entity Owned
11-yr Hold
Property ID
US40-0790654
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2017
Total area
151,844 SF
Lot
5.77 ac (251,341 SF)
Zoning code
CACLI
APN
01-296140
UPID
US40-0790654
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
$30.44M
Comparable Approach
Comparable
$32.39M
Blend (final)
Blend
$28.44M
Owner & transaction history
Blue Stream 2 LLC · 11 yrs held
Blue Stream 2 LLC
since 2015
3 recorded transactions
Zoning & alternative use
CACLI · Elkridge, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$35.0M
+78.5%
Restaurant
$34.5M
+75.9%
Office building
$31.2M
+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%
$32,970,000
6.5%
$30,435,000
7%
$28,260,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$19,625,000
Current use
AUTO REPAIR, GARAGE
$35,035,000
Change: +79% · Conversion: Difficult
RESTAURANT
$34,530,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$31,185,000
Change: +59% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$27,810,000
Change: +42% · Conversion: Difficult
WAREHOUSE, STORAGE
$23,100,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$22,065,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$21,150,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$28.44M
Range $25.60M – $31.28M · ±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
$390,785
Tax year 2022
Assessed value
$34,705,600
Assessed 2023
Previous assessed
$34,705,600
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$3,016,000
Assessed improvement
$31,689,600
Land market value
$3,016,000
Improvement market value
$31,689,600
Total market value
$34,705,600
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 (100+ UNITS)
Status
Off-Market
Year built
2017
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
6
Stories
4
Units
314
Total area
151,844 SF
Lot
5.77 ac (251,341 SF)
Zoning code
CACLI
APN
01-296140
UPID
US40-0790654
Jurisdiction
HOWARD
Zoning & alternative use
CACLI · Elkridge, MD
Zoning CACLI · permitted uses
CACLI · 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
$19.6M
AUTO REPAIR, GARAGE
Est. value
$35.0M
RESTAURANT
Est. value
$34.5M
OFFICE BUILDING
Est. value
$31.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$27.8M
WAREHOUSE, STORAGE
Est. value
$23.1M
MEDICAL BUILDING
Est. value
$22.1M
RETAIL STORES
Est. value
$21.2M
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
2017
Heating
PACKAGE
Cooling
Yes
Stories
4
Buildings
6
Units
314
Lot
5.77 ac
Current owner
From public records · entity-resolved
Blue Stream 2 LLC
Entity
Mailing address
6031 PO BOX 945TH BLVD STE #360, BROOKLANDVILLE, MD 21022-0945
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2018
—
Blue Stream 2 LLC
—
Loan Modification
related
$35,955,300 · Columbia Nat'l R/e Fin
Apr 6, 2015
—
Blue Stream 2 LLC
Blue Stream LLC
Quit Claim Deed
—
—
—
Blue Stream 2 LLC
—
Deed Of Trust
related
$35,955,300 · Columbia Nat'l R/e Fin
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7803 Blue Strm Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
