Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8805 Ctr Park Dr Columbia, MD 21045-2117

    • Retail space
    • 6,300 SF
    • 11.10 lot acres
    OFF-MARKET
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1461874
    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.

    Current Use by Public Records

    • Giant Food / Grocery & Convenience Store / Food Market
    • PNC Bank / Atm / Bank
    • Cardtronics ATM / Atm
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • KeyMe Locksmiths / Locksmith

    Property Details for 8805 Ctr Park Dr

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    11.10 lot acres
    Property size
    6,300 SF
    Zone code
    B2B1
    Property type
    Retail space
    APN
    02-230577
    APU
    2230577

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $535,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Howard
    State
    Maryland
    Longitude
    -76.8174
    Latitude
    39.2273
    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
    $254,374
    $4,835,100
    $18,439,600
    $23,274,700
    -
    $4,835,100
    $18,439,600
    $23,274,700

    Comparable in this City

    • Value Estimation
      $1,240,000
      10,440 SF

      8827 Ctr Park Dr

      RETAIL STORES (PERSONAL SERVICES) • 10,440 SF
      8827 Ctr Park Dr, Columbia, MD 21045-2156
      View Details
    • Value Estimation
      $1,030,000
      2,321 SF

      5880 Robert Oliver Pl

      RETAIL STORES (PERSONAL SERVICES) • 2,321 SF
      5880 Robert Oliver Pl, Columbia, MD 21045-3740
      View Details
    • Value Estimation
      $2,250,000
      12,532 SF

      6490 Dobbin Ctr Way

      RETAIL STORES (PERSONAL SERVICES) • 12,532 SF
      6490 Dobbin Ctr Way, Columbia, MD 21045-4728
      View Details
    • Value Estimation
      $7,990,000
      14,748 SF

      5585 Twin Knls Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,748 SF
      5585 Twin Knls Rd, Columbia, MD 21045-3245
      View Details
    • Value Estimation
      $3,550,000
      16,950 SF

      9350 Snowden Riv Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 16,950 SF
      9350 Snowden Riv Pkwy, Columbia, MD 21045-5275
      View Details
    • Value Estimation
      $10,890,000
      45,450 SF

      6161 Columbia Xing Cir

      RETAIL STORES (PERSONAL SERVICES) • 45,450 SF
      6161 Columbia Xing Cir, Columbia, MD 21045-8206
      View Details

    Similar Nearby for Sale

    • $649,600

      Columbia Commercial Building For Sale

      Class A building in a convenient business district location.
      8850 Columbia 100 Pkwy, Columbia, MD 21045
      View Details
    • Contact for pricing
      3.81 Acres

      Columbia Retail Space - Dobbin Rd.

      High-traffic retail suites, flexible layout.
      6656 Dobbin Rd, Columbia, MD 21045
      View Details
    • $399,000
      1,571 SF

      Columbia Office Space: Prime Location

      1571 sq ft Office, Move-in Ready
      5405 Twin Knolls Rd, Columbia, MD 21045
      View Details
    • $625,000

      Columbia Specialty Property For Sale

      Specialty property available in Columbia, Maryland.
      9453 Pursuit Ct, Columbia, MD 21045
      View Details
    • $629,990

      Specialty Property For Sale

      Specialty property available for purchase.
      6329 Saddle Dr E, Columbia, MD 21045
      View Details
    • $449,900

      Columbia Townhome with Four Bedrooms

      Four-bedroom townhome in Columbia, Maryland.
      7453 Hickory Log Cir, Columbia, MD 21045
      View Details

    Similar Nearby for Lease

    • $3,520 /Mo

      Retail/Office/Medical Space For Rent

      Suites available for retail, office, or medical use.
      6656 Dobbin Rd, Columbia, MD 21045
      View Details
    • Contact for pricing

      Retail Space For Lease

      3,004 SF retail space in Columbia, MD, for lease.
      6486 Dobbin Center Way, Columbia, MD 21045
      View Details
    • Contact for pricing
      1,740 SF

      Retail Space in Columbia, MD

      Retail space available for lease in Columbia, Maryland.
      8765 Centre Park Dr, Columbia, MD 21045
      View Details
    • Contact for pricing
      141,395 SF

      Columbia MD Retail Showroom Space

      8,802 SF retail space with excellent highway access.
      8909 Mcgaw Ct | Columbia, Columbia, MD 21045
      View Details
    • Contact for pricing
      1,949 SF

      Retail Space on Dobbin Road

      Retail space with frontage on heavily traveled Dobbin Road.
      6695 Dobbin Rd, Columbia, MD 21045
      View Details
    • Contact for pricing
      28,450 SF

      Columbia Retail Opportunity

      Prime retail space in Columbia Crossing Shopping Center.
      617 Columbia Crossing Cir, Columbia, MD 21045
      View Details

    Property Visit Statistics

    • Visits by month
      71.3k
    • Visitors by month
      33.7k
    • Avg Time on site
      21 min
    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.
    8805 Ctr Park Dr
    Columbia, MD 21045-2117
    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

    Google sign-in failed. Please try again or use another login method.