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Property profile & analytics
OFF-MARKET
Estimated value
$22,025,000
Warehouses
9645 Gerwig Ln, Columbia, MD 21046-2581
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1479161
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
134,000 SF
Lot
7.21 ac (313,893 SF)
Zoning code
NT
APN
16-099252
UPID
US40-1479161
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
-
HCPSS logistic center Warehouse & Storage
-
Teacher Support Center Training Center Tutoring Service
-
Universal Supply Co. - Columbia Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.98M
Comparable Approach
Comparable
$18.82M
Blend (final)
Blend
$22.03M
Owner & transaction history
Colt Baltimore Owner LP · 4 yrs held
Colt Baltimore Owner LP
since 2022
Last sale
$24.9M
4 recorded transactions
Zoning & alternative use
NT · Columbia, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$30.6M
+25.1%
Office building
$27.3M
+11.4%
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
$19,530,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,805,000
6.5%
$21,975,000
7%
$20,405,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$24,470,000
Current use
COMMERCIAL (GENERAL)
$30,615,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$27,270,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$22.03M
Range $19.82M – $24.23M · ±10% · vs last sale $24.90M (Mar 11 2022)
Last sale anchor
$24.90M
Mar 11 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
$164 / 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
$84,387
Tax year 2022
Assessed value
$7,969,300
Assessed 2023
Previous assessed
$7,494,367
+6.3% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,881,700
Assessed improvement
$6,087,600
Land market value
$1,881,700
Improvement market value
$6,087,600
Total market value
$7,969,300
Applied tax rate
16.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
134,000 SF
Lot
7.21 ac (313,893 SF)
Zoning code
NT
APN
16-099252
UPID
US40-1479161
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
$24.5M
COMMERCIAL (GENERAL)
Est. value
$30.6M
OFFICE BUILDING
Est. value
$27.3M
WAREHOUSE, STORAGE Current
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
7.21 ac
Current owner
From public records · entity-resolved
Colt Baltimore Owner LP
Entity
Mailing address
PO BOX 4900, SCOTTSDALE, AZ 85261-4900
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2022
$24,900,000
Colt Baltimore Owner LP
Liberty 9645 Gerwig LLC
Special Warranty Deed
$551,900,000 · Morgan Stanley Mortgage Capital Hol
Sep 7, 2012
$7,897,240
Cabot III-md1w09 LLC
Jessup Of Columbia Industrial LP
Grant Deed
related
—
Apr 12, 2012
$7,897,340
Cabot III-md1m09 LLC
Jessup Of Columbia Industrial LP
Grant Deed
—
Mar 25, 1999
$5,400,000
Industrial LP
Tcw Realty Maryland #5 LP
Grant Deed
—
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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