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Property profile & analytics
OFF-MARKET
Estimated value
$29,390,000
Warehouses
9002 Red Br Rd Columbia, MD 21045-2111
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-2382493
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
121,044 SF
Lot
1.55 ac (67,431 SF)
Zoning code
NT
APN
12-000197
UPID
US40-2382493
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.22M
Comparable Approach
Comparable
$24.13M
Blend (final)
Blend
$29.39M
Owner & transaction history
Ps Atlantic Coast 2021 B LLC · 5 yrs held
Ps Atlantic Coast 2021 B LLC
since 2021
Last sale
$37.1M
7 recorded transactions
Zoning & alternative use
NT · Columbia, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$44.6M
+101.9%
Retail stores
$36.1M
+63.5%
Commercial (general)
$32.7M
+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
$29,315,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,820,000
6.5%
$19,215,000
7%
$17,845,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$22,105,000
Current use
AUTO REPAIR, GARAGE
$44,615,000
Change: +102% · Conversion: Easy
RETAIL STORES
$36,135,000
Change: +63% · Conversion: Moderate
COMMERCIAL (GENERAL)
$32,700,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$27,930,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$29.39M
Range $26.45M – $32.33M · ±10% · vs last sale $37.14M (May 4 2021)
Last sale anchor
$37.14M
May 4 2021
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
$243 / 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
$99,032
Tax year 2022
Assessed value
$10,220,933
Assessed 2023
Previous assessed
$10,220,933
+0.0% YoY
Effective rate
0.97%
On assessed value
Land market value
$402,400
Improvement market value
$11,244,400
Total market value
$11,646,800
Applied tax rate
12.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
850
Total area
121,044 SF
Lot
1.55 ac (67,431 SF)
Zoning code
NT
APN
12-000197
UPID
US40-2382493
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
$22.1M
AUTO REPAIR, GARAGE
Est. value
$44.6M
RETAIL STORES
Est. value
$36.1M
COMMERCIAL (GENERAL)
Est. value
$32.7M
OFFICE BUILDING
Est. value
$27.9M
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
850
Lot
1.55 ac
Current owner
From public records · entity-resolved
Ps Atlantic Coast 2021 B LLC
Entity
Mailing address
9002 RED BR RD, COLUMBIA, MD 21045-2111
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
$37,138,946
Ps Atlantic Coast 2021 B LLC
Columbia North Land Lllp
Special Warranty Deed
—
May 22, 2015
$3,100,000
Columbia North Land Lllp
Buy The Book LLC
Deed
$9,840,000 · Pnc Bank NA
Jun 12, 2008
—
Buy The Book LLC
—
Deed Of Trust
related
$1,787,500 · General Electric Capital Corp
May 13, 2004
$2,200,000
Buy The Book LLC
Smi Trust I
Grant Deed
$1,760,000 · Wachovia Bank NA
Dec 21, 2000
—
Smi Trust III
Smi Enterprise INC
Quit Claim Deed
related
—
—
—
Buy Book LLC
—
Deed Of Trust
related
$1,712,527 · Oba Fsb
—
—
Buy The Book LLC
—
Deed Of Trust
related
$1,100,000 · Wachovia Bank NA
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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