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Property profile & analytics
OFF-MARKET
Estimated value
$14,420,000
Office buildings
9881 Broken Land Pkwy, Columbia, MD 21046-1172
Entity Owned
6-yr Hold
Free & Clear
Property ID
US40-0832952
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
BRICK
Total area
72,664 SF
Lot
5.35 ac (233,046 SF)
Zoning code
NT
APN
16-183636
UPID
US40-0832952
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
-
COLAcentral Medical Laboratory
-
Commission On Office Lab Medical Supply Store
-
Corridor Mortgage Group Loan Service Bank
-
Bottom Line Technologies Marketing & Advertising IT Consulting Firm
-
Dodek & Dodek: Dodek III Samuel M DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.65M
CAP Approach
CAP
$19.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.42M
Owner & transaction history
Fkw Woodmere LLC · 6 yrs held
Fkw Woodmere LLC
since 2020
Last sale
$16.9M
1 recorded transaction
Zoning & alternative use
NT · Columbia, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$21.7M
+46.7%
Commercial (general)
$16.6M
+12.3%
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
$15,320,000
ML approach
$9,650,000
CAP Approach
CAP Return
Estimation
6%
$20,700,000
6.5%
$19,110,000
7%
$17,745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,785,000
Current use
RETAIL STORES
$21,695,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$16,600,000
Change: +12% · Conversion: Easy
WAREHOUSE, STORAGE
$13,270,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$14.42M
Range $12.98M – $15.86M · ±10% · vs last sale $16.90M (Jun 18 2020)
Last sale anchor
$16.90M
Jun 18 2020
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
$198 / 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
$92,130
Tax year 2022
Assessed value
$8,390,400
Assessed 2023
Previous assessed
$8,182,100
+2.5% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,097,400
Assessed improvement
$6,293,000
Land market value
$2,097,400
Improvement market value
$6,293,000
Total market value
$8,390,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
YES
Cooling
YES
Stories
4
Units
1
Total area
72,664 SF
Lot
5.35 ac (233,046 SF)
Zoning code
NT
APN
16-183636
UPID
US40-0832952
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
OFFICE BUILDING Current
Est. value
$14.8M
RETAIL STORES
Est. value
$21.7M
COMMERCIAL (GENERAL)
Est. value
$16.6M
WAREHOUSE, STORAGE
Est. value
$13.3M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
BRICK
Heating
YES
Cooling
Yes
Stories
4
Units
1
Lot
5.35 ac
Current owner
From public records · entity-resolved
Fkw Woodmere LLC
Entity
Free & Clear · 6 yrs held
Mailing address
8601 ROBERT FULTON DR STE #100, COLUMBIA, MD 21046-2599
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2020
$16,900,000
Fkw Woodmere LLC
Gateway Connecticut Prop INC
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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