Back to Search
Property profile & analytics
FOR LEASE
Warehouses
8919 Mcgaw Ct Columbia, MD 21045
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1049121
For Lease
1 / 2
$17,220,000
8919 Mcgaw Ct, Columbia, MD 21045
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
70,200 SF
Lot
7.84 ac (341,510 SF)
Zoning code
NT
APN
16-106607
UPID
US40-1049121
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.51M
Comparable Approach
Comparable
$17.88M
Blend (final)
Blend
$17.22M
Owner & transaction history
Mcgaw Court Holding LLC · 4 yrs held
Mcgaw Court Holding LLC
since 2022
Last sale
$24.1M
4 recorded transactions
Zoning & alternative use
NT · Columbia, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$25.9M
+101.9%
Retail stores
$21.0M
+63.5%
Commercial (general)
$19.0M
+47.9%
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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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
$18,905,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,470,000
6.5%
$11,510,000
7%
$10,690,000
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
Blend value · Realmo final
$17.22M
Range $15.50M – $18.94M · ±10% · vs last sale $24.10M (Feb 23 2022)
Last sale anchor
$24.10M
Feb 23 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
$245 / 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
$79,863
Tax year 2022
Assessed value
$7,572,600
Assessed 2023
Previous assessed
$7,092,600
+6.8% YoY
Effective rate
1.05%
On assessed value
Assessed land
$2,049,000
Assessed improvement
$5,523,600
Land market value
$2,049,000
Improvement market value
$5,523,600
Total market value
$7,572,600
Applied tax rate
16.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
70,200 SF
Lot
7.84 ac (341,510 SF)
Zoning code
NT
APN
16-106607
UPID
US40-1049121
Jurisdiction
HOWARD
Zoning & alternative use
NT · Columbia, MD
Zoning NT · permitted uses
NT · Columbia, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$12.8M
AUTO REPAIR, GARAGE
Est. value
$25.9M
RETAIL STORES
Est. value
$21.0M
COMMERCIAL (GENERAL)
Est. value
$19.0M
OFFICE BUILDING
Est. value
$16.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
7.84 ac
Current owner
From public records · entity-resolved
Mcgaw Court Holding LLC
Entity
Mailing address
551 W LANCASTER AVE STE #201, HAVERFORD, PA 19041-1419
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2024
—
Mcgaw Court Holding LLC
—
Deed
related
$32,500,000 · Argentic Real Estate Finance LLC
Feb 23, 2022
$24,100,000
Mcgaw Court Holding LLC
8919 8925 Mcgaw LLC
Special Warranty Deed
$33,000,000 · Argentic Real Estate Investment LLC
Mar 17, 2020
$14,300,000
8925 Mcgaw LLC
Smc Seiling Limited Partnership
Special Warranty Deed
—
—
—
Smc-seiling LP
—
Deed Of Trust
related
$5,700,000 · Lincoln National Life Ins
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?”
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.
