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Property profile & analytics
OFF-MARKET
Estimated value
$11,540,000
Distribution centers
9221 Rumsey Rd, Columbia, MD 21045-2033
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1017008
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
39,000 SF
Lot
9.53 ac (415,127 SF)
Zoning code
NT
APN
12-000545
UPID
US40-1017008
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
-
Johnston Door Services, LLC Hardware & Home Improvement Production Facility
-
Athelas Institute Inc Social Service Agency Charitable Organization
-
In Vitro ADMET Laboratories Medical Laboratory
-
Indigo Ink Printing Service (Bike/Boat/Book/etc) Store
-
Howard County Table Tennis Center Sports Field & Court Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.50M
Blend (final)
Blend
$11.54M
Owner & transaction history
9176 Rb LLC · 4 yrs held
9176 Rb LLC
since 2022
Last sale
$14.7M
2 recorded transactions
Zoning & alternative use
NT · Columbia, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.4M
+101.9%
Retail stores
$11.6M
+63.5%
Commercial (general)
$10.5M
+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
$11,490,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,120,000
Current use
AUTO REPAIR, GARAGE
$14,375,000
Change: +102% · Conversion: Easy
RETAIL STORES
$11,645,000
Change: +63% · Conversion: Moderate
COMMERCIAL (GENERAL)
$10,535,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$9,000,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$11.54M
Range $10.39M – $12.69M · ±10% · vs last sale $14.65M (Jun 22 2022)
Last sale anchor
$14.65M
Jun 22 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
$296 / 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
$111,244
Tax year 2022
Assessed value
$10,054,733
Assessed 2023
Previous assessed
$9,879,567
+1.8% YoY
Effective rate
1.11%
On assessed value
Land market value
$2,490,700
Improvement market value
$7,739,200
Total market value
$10,229,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
4
Stories
1
Units
4
Total area
39,000 SF
Lot
9.53 ac (415,127 SF)
Zoning code
NT
APN
12-000545
UPID
US40-1017008
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
$7.1M
AUTO REPAIR, GARAGE
Est. value
$14.4M
RETAIL STORES
Est. value
$11.6M
COMMERCIAL (GENERAL)
Est. value
$10.5M
OFFICE BUILDING
Est. value
$9.0M
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
4
Units
4
Lot
9.53 ac
Current owner
From public records · entity-resolved
9176 Rb LLC
Entity
Mailing address
7768 WOODMONT AVE STE #204, BETHESDA, MD 20814-6034
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2022
$14,650,000
9176 Rb LLC
Smi Trust I
Special Warranty Deed
$10,225,000 · Fvcbank
—
—
Smi Trust I
—
Deed Of Trust
related
$2,000,000 · Rosedale Federal S & L Assn
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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