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Property profile & analytics
OFF-MARKET
Estimated value
$7,685,000
Commercial land
9598 Old Rte 108, Ellicott City, MD 21042-6356
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-0997844
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1917
Total area
1,163 SF
Lot
4.49 ac (195,759 SF)
Zoning code
TOD
APN
02-206692
UPID
US40-0997844
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
$7.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.69M
Owner & transaction history
Dorsey Overlook Associates LLC · 3 yrs held
Dorsey Overlook Associates LLC
since 2022
Last sale
$8.5M
6 recorded transactions
Zoning & alternative use
TOD · Ellicott City, 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 Ellicott City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellicott City 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
$6,665,000
ML approach
$7,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.69M
Range $6.92M – $8.45M · ±10% · vs last sale $8.50M (Oct 13 2022)
Last sale anchor
$8.50M
Oct 13 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
$6,608 / 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
$5,747
Tax year 2022
Assessed value
$3,394,900
Assessed 2023
Previous assessed
$510,367
+565.2% YoY
Effective rate
0.17%
On assessed value
Assessed land
$3,394,900
Land market value
$3,394,900
Total market value
$3,394,900
Applied tax rate
2.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1917
Heating
STEAM
Cooling
YES
Stories
1
Bathrooms
1
Total area
1,163 SF
Lot
4.49 ac (195,759 SF)
Zoning code
TOD
APN
02-206692
UPID
US40-0997844
Jurisdiction
HOWARD
Zoning & alternative use
TOD · Ellicott City, MD
Zoning TOD · permitted uses
TOD · Ellicott City, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellicott City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1917
Heating
STEAM
Cooling
Yes
Stories
1
Bathrooms
1
Lot
4.49 ac
Current owner
From public records · entity-resolved
Dorsey Overlook Associates LLC
Entity
Free & Clear · 3 yrs held
Mailing address
100 10TH ST NE STE #300, CHARLOTTESVILLE, VA 22902-5481
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2023
—
Dorsey Overlook Associates LLC
—
Deed
related
$26,200,000 · Fulton Bank NA
Oct 13, 2022
$8,500,000
Dorsey Overlook Associates LLC
Dorsey Overlook Lllp
Special Warranty Deed
—
Jul 15, 2020
$1,064,000
Ddrsey Overlook Lllp
Howard Cnty Md
Grant Deed
—
Feb 14, 2019
$1,012,000
Dorsey Overlook Lllp
Glenn Robert Scheib
Special Warranty Deed
$4,282,000 · Access National Bank
May 9, 2017
—
Scheib,glenn R & Cynthia K Trust
Eckles Shirley J
Grant Deed
related
—
Jan 26, 2015
$1,000,000
Triangle Route 108 Associates|eckles,shirley J
Eckles Shirley J
Dual Purpose Document
related
$1,000,000 · Shirley J Eckles
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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