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    9091 Snowden Riv Pkwy Columbia, MD 21046-1657
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    Property profile & analytics

    9091 Snowden Riv Pkwy Columbia, MD 21046-1657

    View on Map
    • Outlet malls
    • 17,165 SF
    • 1.62 lot acres
    Off-Market
    Last Sale Mar 12, 2025
    $3,900,000
    Property ID
    US40-1232658
    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.
    Value Estimations
    $3,765,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Delta Beta Xi Sorority, Incorporated / Charitable Organization / Social Service Agency
    • Staples Print & Marketing Services / (Bike/Boat/Book/etc) Store / Printing Service
    • Four Seasons Travel / Travel Agency
    • JanBask Digital Design / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Rest Easy Management / Property Management Company

    Property Details for 9091 Snowden Riv Pkwy

    Year built
    1993
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.62 lot acres
    Property size
    17,165 SF
    Zone code
    B2
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    06-539300
    APU
    6539300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,501,000
      Market price range: $2.25M - $7.76M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,125,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Howard
    State
    Maryland
    Longitude
    -76.8219
    Latitude
    39.1816
    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
    $25,587
    $0.00
    $0.00
    $2,273,367
    -
    $1,058,800
    $1,216,500
    $2,275,300

    Comparable in this City

    • Value Estimation
      $4,495,000
      50,000 SF

      9041 Snowden Riv Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 50,000 SF
      9041 Snowden Riv Pkwy, Columbia, MD 21046-2104
      View Details
    • Value Estimation
      $12,540,000
      115,660 SF

      9011 Snowden Sq Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 115,660 SF
      9011 Snowden Sq Dr, Columbia, MD 21046-1676
      View Details
    • Value Estimation
      $10,800,000
      98,524 SF

      9051 Snowden Riv Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 98,524 SF
      9051 Snowden Riv Pkwy, Columbia, MD 21046-1657
      View Details
    • Value Estimation
      $5,400,000
      23,716 SF

      7185 Columbia Gtwy Dr

      SHOPPING CENTER, STRIP CENTER • 23,716 SF
      7185 Columbia Gtwy Dr, Columbia, MD 21046-2118
      View Details
    • Value Estimation by Request
      16,765 SF

      10400 Shaker Dr

      SHOPPING CENTER, STRIP CENTER • 16,765 SF
      10400 Shaker Dr, Columbia, MD 21046-1194
      View Details
    • Value Estimation
      $5,580,000
      7,800 SF

      9255 Berger Rd

      AUTO REPAIR, GARAGE • 7,800 SF
      9255 Berger Rd, Columbia, MD 21046-3003
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7.71 Acres

      Prime Columbia Office Suites for Lease

      Modern, fully-built office spaces in prime location.
      7230 Lee Deforest Dr, Columbia, MD 21046
      View Details
    • Contact for pricing

      Columbia Gateway Industrial Building

      123,043 SF industrial building in Columbia Gateway Development.
      7020 Columbia Gateway Dr, Columbia, MD 21046
      View Details
    • Contact for pricing
      7.71 Acres

      Columbia Office Suite - 4832 SF

      Prime Columbia office space, flexible lease terms.
      7230 Lee Deforest Dr, Columbia, MD 21046
      View Details
    • Contact for pricing

      Class A Office Building

      Prime location near Downtown Columbia and Merriweather District.
      6345 Woodside Ct, Columbia, MD 21046
      View Details
    • $10,000,000
      30,336 SF

      Free-Standing Data Center Available

      Vacant data center with existing equipment and infrastructure included.
      9100 Guilford Rd, Columbia, MD 21046
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,360 SF

      Retail Spaces Near I-95

      Retail spaces available in open-air shopping center with ample parking.
      6630 Eli Whitney Dr, Columbia, MD 21046
      View Details
    • Contact for pricing
      56,976 SF

      Columbia Retail Opportunity

      56,976 SF building in Columbia, Maryland for lease.
      9161 Commerce Center Dr, Columbia, MD 21046
      View Details
    • Contact for pricing
      1,838 SF

      Columbia Retail Spaces For Rent

      Retail spaces available in open-air shopping center near I-95.
      7185 Columbia Gateway Dr, Columbia, MD 21046
      View Details
    • Contact for pricing
      8,260 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces for lease, anchored by Harris Teeter.
      8620-8640 Guilford Rd, Columbia, MD 21046
      View Details
    • Contact for pricing
      41,655 SF

      Columbia Retail Space For Lease

      Retail space available in Snowden Square Shopping Center.
      9021 Snowden River Pkwy, Columbia, MD 21046
      View Details
    • Contact for pricing
      1,635 SF

      Retail Space Anchored by Harris Teeter

      Retail and restaurant opportunities with drive-thru potential.
      7201-8630 Guilford Rd, Columbia, MD 21046
      View Details

    Property Visit Statistics

    • Visits by month
      14.6k
    • Visitors by month
      13.2k
    • Avg Time on site
      16 min
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    Columbia, MD 21046-1657
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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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