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    Property profile & analytics

    8919 Mcgaw Ct Columbia, MD 21045

    • Warehouses
    • 70,200 SF
    • 7.84 lot acres
    For Lease
    View listing
    Last Sale
    Feb 23, 2022
    $24,100,000
    Value Estimations
    $17,220,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1049121
    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

    • Reapers Den LLC / Training Center
    • Carpentry & Hardware Services, Inc. / Construction Company
    • RS MediaOne / Event Planning / Wedding Service
    • L B & B Associates Inc / Professional Services
    • Washington Post / Publishing House / Newspaper & Magazine

    Property Details for 8919 Mcgaw Ct

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.84 lot acres
    Property size
    70,200 SF
    Zone code
    NT
    Property type
    Warehouses
    APN
    16-106607
    APU
    16106607

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $18,905,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,470,000
      6.5%
      $11,510,000
      7%
      $10,690,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,878,000
      Market price range: $7.53M - $18.9M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $12,820,000
      Current use
      AUTO REPAIR, GARAGE
      $25,875,000
      Change: +102% Conversion: Easy
      RETAIL STORES
      $20,960,000
      Change: +63% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $18,965,000
      Change: +48% Conversion: Difficult
      OFFICE BUILDING
      $16,200,000
      Change: +26% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Howard
    State
    Maryland
    Longitude
    -76.8243
    Latitude
    39.1884
    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
    $79,863
    $2,049,000
    $5,523,600
    $7,572,600
    -
    $2,049,000
    $5,523,600
    $7,572,600

    Comparable in this City

    • Value Estimation
      $8,310,000
      46,800 SF

      10400 Columbia Rd

      MINI-WAREHOUSE, STORAGE • 46,800 SF
      10400 Columbia Rd, Columbia, MD 21045
      View Details
    • Value Estimation
      $6,830,000
      71,700 SF

      6655 Dobbin Rd

      WAREHOUSE, STORAGE • 71,700 SF
      6655 Dobbin Rd, Columbia, MD 21045-4722
      View Details
    • Value Estimation
      $14,105,000
      141,300 SF

      8909 Mcgaw Ct

      WAREHOUSE, STORAGE • 141,300 SF
      8909 Mcgaw Ct, Columbia, MD 21045-4723
      View Details
    • Value Estimation
      $16,880,000
      89,643 SF

      9199 Red Br Rd

      MINI-WAREHOUSE, STORAGE • 89,643 SF
      9199 Red Br Rd, Columbia, MD 21045-2013
      View Details
    • Value Estimation
      $7,960,000
      60,360 SF

      9052 Old Annapolis Rd

      WAREHOUSE, STORAGE • 60,360 SF
      9052 Old Annapolis Rd, Columbia, MD 21045-2479
      View Details
    • Value Estimation
      $1,910,000
      22,400 SF

      10400 Gorman Rd

      WAREHOUSE, STORAGE • 22,400 SF
      10400 Gorman Rd, Columbia, MD 21045
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Stevensville Flex Space For Sale

      Flex space with loading dock, close to amenities and Bay.
      437 Log Canoe Cir, Stevensville, MD 21045
      View Details
    • Contact for pricing
      2.32 Acres

      Columbia Industrial Flex Space

      Four flex units, up to 16,318 SF.
      9017 Mendenhall Ct, Columbia, MD 21045
      View Details
    • $4,200,000
      29,208 SF

      Columbia Industrial Property For Sale

      Industrial property available for sale in Columbia, Maryland.
      9190 Red Branch Rd, Columbia, MD 21045
      View Details
    • Contact for pricing
      35,402 SF

      Flex/Industrial Space For Sale

      Flex and industrial units available for purchase.
      6798 Oak Hall Ln, Columbia, MD 21045
      View Details
    • Contact for pricing
      6.83 Acres

      Columbia Industrial Flex Space

      6.83-acre lot, 10,000 SF industrial space.
      9050 Red Branch Rd, Columbia, MD 21045
      View Details
    • $650,000

      Specialty Property for Sale

      Specialty property available for purchase.
      6718 Sewells Orchard Dr, Columbia, MD 21045
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      40,285 SF

      Columbia Warehouse Space Available

      40285 SF warehouse space for lease in Columbia, MD.
      8989 Herrmann Dr, Columbia, MD 21045
      View Details
    • Contact for pricing
      6,318 SF

      Columbia Warehouse Space Available

      6,318 SF warehouse space for lease in Columbia, MD.
      8919 Mcgaw Ct, Columbia, MD 21045
      View Details
    • $13 SF/Yr

      Industrial/Flex Space For Lease

      5,000 SF industrial/flex space with truck-height loading dock.
      9050 Red Branch Rd, Columbia, MD 21045
      View Details
    • $12 SF/Yr
      90,000 SF

      Red Branch Road Industrial Space

      Flex Warehouse Space Available Now
      9050 Red Branch Rd, Columbia, MD 21045
      View Details
    • $4,850 /Mo

      Columbia Flex Office/Warehouse Space

      Flex office/warehouse space for lease in ideal Columbia location.
      9017 Mendenhall Ct, Columbia, MD 21045
      View Details
    • Contact for pricing
      4,423 SF

      Industrial Space with Drive-In Bays

      4,423 SF industrial space with excellent access and amenities.
      6460 Dobbin Center Way, Columbia, MD 21045
      View Details
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    Columbia, MD 21045
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    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
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