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    Property profile & analytics

    9025 Chevrolet Dr Ellicott City, MD 21042-4019

    • Office buildings
    • 14,400 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimations
    $1,995,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0872378
    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

    • Office buildings

    Property Details for 9025 Chevrolet Dr

    Year built
    1974
    Construction
    WOOD
    Lot size
    0.71 lot acres
    Property size
    14,400 SF
    Zone code
    B2
    Property type
    Office buildings
    APN
    02-200554
    APU
    2200554

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,067,000
      Market price range: $891k - $2.07M
      AI Estimate
      $1,917,000
      Market price range: $1.08M - $1.92M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,455,000
      Current use
      WAREHOUSE, STORAGE
      $2,630,000
      Change: +81% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,975,000
      Change: +36% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,770,000
      Change: +22% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellicott City
    County
    Howard
    State
    Maryland
    Longitude
    -76.8241
    Latitude
    39.2748
    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
    $22,182
    $0.00
    $0.00
    $2,119,300
    -
    $277,900
    $1,990,700
    $2,268,600

    Comparable in this City

    • Value Estimation by Request
      3,752 SF

      5304 Dorsey Hall Dr, Unit B

      OFFICE BUILDING • 3,752 SF
      5304 Dorsey Hall Dr, Ellicott City, MD 21042-7761
      View Details
    • Value Estimation
      $2,045,000
      14,793 SF

      9151 Baltimore National Pike

      OFFICE BUILDING • 14,793 SF
      9151 Baltimore National Pike, Ellicott City, MD 21042-3922
      View Details
    • Value Estimation
      $7,415,000
      53,588 SF

      10910 State Rte 108

      OFFICE BUILDING • 53,588 SF
      10910 State Rte 108, Ellicott City, MD 21042-6106
      View Details
    • Value Estimation by Request
      2,432 SF

      10065 Baltimore National Pike

      OFFICE BUILDING • 2,432 SF
      10065 Baltimore National Pike, Ellicott City, MD 21042-3610
      View Details
    • Value Estimation
      $545,000
      4,182 SF

      10256 Baltimore National Pike

      OFFICE BUILDING • 4,182 SF
      10256 Baltimore National Pike, Ellicott City, MD 21042-3616
      View Details
    • Value Estimation
      $1,120,000
      8,100 SF

      9455 Baltimore National Pike

      OFFICE BUILDING • 8,100 SF
      9455 Baltimore National Pike, Ellicott City, MD 21042-2812
      View Details

    Similar Nearby for Sale

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      13,692 SF

      Ellicott City Office Suites For Sale

      Office suites available for sale in Ellicott City, Maryland.
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      View Details
    • $905,740
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      Ellicott City Office Condos for Sale

      Prime Office Space, Multi-Unit Opportunity
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    • Contact for pricing
      1,938 SF

      Medical/Dental Office Condo For Sale

      Condo ideal for medical or dental office use.
      10262-10266 Baltimore National Pike, Ellicott City, MD 21042
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    • $529,900

      Renovated Office Suite in Ellicott City

      Renovated commercial office suite in Dorsey Hall Professional Park.
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    • $245,000
      8,000 SF

      Office Suites For Sale

      Office suites available for purchase in Ellicott City.
      10304-10310 Baltimore National Pike, Ellicott City, MD 21042
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    Similar Nearby for Lease

    • $2,500 /Mo

      Ellicott City Office Space Available

      Office suites for lease in Dorsey Hall Professional Park.
      5094 Dorsey Hall Dr #205, Ellicott City, MD 21042
      View Details
    • $20 SF/Yr
      777 SF

      Ellicott City Office Space for Lease

      777 sq ft, Sunny Office, Ample Parking
      3217 Corporate Ct, Ellicott City, MD 21042
      View Details
    • Contact for pricing
      1,375 SF

      Ellicott City Office Space Available

      Office space for rent with convenient highway access.
      4801 Dorsey Hall Dr, Ellicott City, MD 21042
      View Details
    • Contact for pricing
      1,200 SF

      Office Space in Ellicott City

      Office space available for rent in Ellicott City.
      5034 Dorsey Hall Dr, Ellicott City, MD 21042
      View Details
    • $37 SF/Yr
      16,000 SF

      Ellicott City Medical Office Space

      Prime Howard County location, flexible suites.
      10155 Baltimore National Pike, Ellicott City, MD 21042
      View Details
    • Contact for pricing
      1,531 SF

      Ellicott City Office Space Available

      Office space available for lease in Ellicott City.
      9055 Chevrolet Dr, Ellicott City, MD 21042
      View Details
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    Ellicott City, MD 21042-4019
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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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