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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Office buildings
9123 State Rte 108, Columbia, MD 21045-1953
Entity Owned
9-yr Hold
Free & Clear
Property ID
US40-0745656
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
WOOD
Total area
14,410 SF
Lot
1.08 ac (47,045 SF)
Zoning code
R20
APN
06-416500
UPID
US40-0745656
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Old Annapolis Road LLC · 9 yrs held
Old Annapolis Road LLC
since 2016
7 recorded transactions
Zoning & alternative use
R20 · Columbia, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$83 / 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
$11,865
Tax year 2022
Assessed value
$1,525,167
Assessed 2023
Previous assessed
$1,053,700
+44.7% YoY
Effective rate
0.78%
On assessed value
Land market value
$423,400
Improvement market value
$2,044,700
Total market value
$2,468,100
Applied tax rate
6.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
14,410 SF
Lot
1.08 ac (47,045 SF)
Zoning code
R20
APN
06-416500
UPID
US40-0745656
Jurisdiction
HOWARD
Zoning & alternative use
R20 · Columbia, MD
Zoning R20 · permitted uses
R20 · 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.
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Old Annapolis Road LLC
Entity
Free & Clear · 9 yrs held
Mailing address
8601 LA SALLE RD STE #204, TOWSON, MD 21286-2006
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Jul 13, 2017
—
Old Annapolis Road LLC
—
Deed
related
$2,650,000 · Columbia Bk
Dec 6, 2016
—
Oold Annapolis Road LLC
—
Deed
related
$2,400,000 · Columbia Bk
Sep 23, 2016
—
Old Annapolis Road LLC
Gelfman Richard D Trust
Grant Deed
—
Feb 27, 2014
—
Gelfman,richard D & L R Trust
Gelfman,richard D & Lenore R
Quit Claim Deed
related
—
—
—
Oold Annapolis Road LLC
—
Deed Of Trust
related
$2,400,000 · Columbia Bk
—
—
Old Annapolis Road LLC
—
Loan Modification
related
$2,650,000 · Columbia Bk
—
—
Richard D Gelfman
—
Deed Of Trust
related
$502,350 · First Union National Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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