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    9841 Broken Land Pkwy Columbia, MD 21046
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    Property profile & analytics

    9841 Broken Land Pkwy Columbia, MD 21046

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    • Office buildings
    • 70,720 SF
    • 6.95 lot acres
    For Lease
    $25 SF/Yr
    View Listing →
    Columbia Office Space For Rent For Lease
    $25 SF/Yr
    2,221 SF

    Columbia Office Space For Rent

    Office space available for rent in Columbia, Maryland.

    9841 Broken Land Pkwy, Columbia, MD
    View Listing
    Property ID
    US40-1403695
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jim Crowder with Apex Home Loans, Inc. / Loan Service / Bank
    • Select Computing Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • Gladstone Psychiatry and Wellness / Physician
    • EDIRIN UWAYZOR / Physician
    • Walsh & Company / Law Firm

    Property Details for 9841 Broken Land Pkwy

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.95 lot acres
    Property size
    70,720 SF
    Zone code
    NT
    Property type
    Office buildings
    APN
    16-171832
    APU
    16171832

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,572,000
      Market price range: $8.42M - $21.8M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $12,915,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Howard
    State
    Maryland
    Longitude
    -76.8506
    Latitude
    39.1823
    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
    $106,095
    $2,728,500
    $6,693,800
    $9,422,300
    -
    $2,728,500
    $6,693,800
    $9,422,300

    Comparable in this City

    • Value Estimation
      $4,685,000
      57,336 SF

      7035 Albert Einstein Dr

      OFFICE BUILDING • 57,336 SF
      7035 Albert Einstein Dr, Columbia, MD 21046-3375
      View Details
    • Value Estimation
      $13,490,000
      101,874 SF

      9755 Patuxent Woods Dr

      OFFICE BUILDING • 101,874 SF
      9755 Patuxent Woods Dr, Columbia, MD 21046-2286
      View Details
    • Value Estimation
      $1,900,000
      15,228 SF

      7154 Columbia Gtwy Dr

      OFFICE BUILDING • 15,228 SF
      7154 Columbia Gtwy Dr, Columbia, MD 21046-2132
      View Details
    • Value Estimation
      $17,535,000
      119,912 SF

      7001 Columbia Gtwy Dr

      OFFICE BUILDING • 119,912 SF
      7001 Columbia Gtwy Dr, Columbia, MD 21046-2289
      View Details
    • Value Estimation
      $12,580,000
      130,395 SF

      6721 Columbia Gtwy Dr

      OFFICE BUILDING • 130,395 SF
      6721 Columbia Gtwy Dr, Columbia, MD 21046-3349
      View Details
    • Value Estimation
      $9,080,000
      56,366 SF

      8661 Robert Fulton Dr

      OFFICE BUILDING • 56,366 SF
      8661 Robert Fulton Dr, Columbia, MD 21046-2265
      View Details

    Similar Nearby for Sale

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      7.71 Acres

      Prime Columbia Office Suites for Lease

      Modern, fully-built office spaces in prime location.
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      123,043 SF

      Columbia Industrial Building with Warehouse

      123,043 SF industrial building with warehouse and office space.
      7020 Columbia Gateway Dr, Columbia, MD 21046
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    • $3,450,000
      22,343 SF

      Office and Dock-Loading Space

      Office space with dock-loading, easy access to major routes.
      9115 Guilford Rd, Columbia, MD 21046
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    • Contact for pricing

      Columbia Gateway Industrial Building

      123,043 SF industrial building in Columbia Gateway Development.
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    Similar Nearby for Lease

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      24,281 SF

      Class A Office Sublease

      Sublease available in upgraded Class A office building.
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      View Details
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      11,900 SF

      Class A Office Building

      Two-story office building in Columbia Gateway corporate park.
      7055 Samuel Morse Dr, Columbia, MD 21046
      View Details
    • Contact for pricing
      6,666 SF

      Columbia Office/Flex Space Available

      Single-story office/flex buildings with easy access to major routes.
      9730 Patuxent Woods Dr, Columbia, MD 21046
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      22,000 SF

      Class A Office Building

      Five-story Class A office building with tenant amenities.
      7021 Columbia Gateway Dr, Columbia, MD 21046
      View Details
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      1,578 SF

      Columbia Office & Medical Building

      Office and medical building for lease and sale in Columbia.
      6325 Woodside Ct, Columbia, MD 21046
      View Details
    • Contact for pricing
      26,212 SF

      Columbia Office Building For Rent

      Single-story office building in Columbia Gateway business park.
      7065 Samuel Morse Dr, Columbia, MD 21046
      View Details
    View Listing
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    Columbia, MD 21046
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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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