Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Martin Rd Columbia, MD 21044

    • Office buildings
    • 826 SF
    • 6.01 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    4.9%
    Office buildings
    Location Intelligence
    Property ID
    US40-1743183
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for Martin Rd

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.01 lot acres
    Property size
    826 SF
    Zone code
    NT
    Property type
    Office buildings
    APN
    15-020288
    APU
    15020288

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $235,000
      6.5%
      $215,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $254,000
      Market price range: $102k - $254k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $190,000
      Current use
      AUTO REPAIR, GARAGE
      $305,000
      Change: +60% Conversion: Difficult
      RETAIL STORES
      $245,000
      Change: +29% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $190,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Howard
    State
    Maryland
    Longitude
    -76.8723
    Latitude
    39.1877
    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
    $28,925
    $2,487,000
    $81,800
    $2,568,800
    -
    $2,487,000
    $81,800
    $2,568,800

    Comparable in this City

    • Value Estimation
      $375,000
      8,000 SF

      7300 Grace Dr

      OFFICE BUILDING • 8,000 SF
      7300 Grace Dr, Columbia, MD 21044-2470
      View Details
    • Value Estimation by Request
      117,370 SF

      10420 Little Patuxent Pkwy

      OFFICE BUILDING • 117,370 SF
      10420 Little Patuxent Pkwy, Columbia, MD 21044-3533
      View Details
    • Value Estimation
      $1,480,000
      121,655 SF

      10960 Grantchester Way

      OFFICE BUILDING • 121,655 SF
      10960 Grantchester Way, Columbia, MD 21044-6112
      View Details
    • Value Estimation by Request
      117,428 SF

      10500 Little Patuxent Pkwy

      OFFICE BUILDING • 117,428 SF
      10500 Little Patuxent Pkwy, Columbia, MD 21044-3585
      View Details
    • Value Estimation
      $1,160,000
      101,122 SF

      5960 Symphony Woods Rd

      OFFICE BUILDING • 101,122 SF
      5960 Symphony Woods Rd, Columbia, MD 21044
      View Details
    • Value Estimation by Request
      37,584 SF

      10901 Little Patuxent Pkwy

      OFFICE BUILDING • 37,584 SF
      10901 Little Patuxent Pkwy, Columbia, MD 21044-3110
      View Details

    Similar Nearby for Sale

    • $2,015,640
      11,198 SF

      Columbia Office Building For Sale

      Office building with 11,198 square feet of space.
      10910 Little Patuxent Pkwy, Columbia, MD 21044
      View Details
    • $405,000
      10,500 SF

      Columbia Medical Condo For Sale

      1,450 SF condo in Columbia, MD, near Howard County Hospital.
      10806 Hickory Ridge Rd, Columbia, MD 21044
      View Details
    • $390,000
      10,500 SF

      Columbia Condo For Sale

      1,450 SF condo in the heart of Columbia, MD.
      10802-10810 Hickory Ridge Rd, Columbia, MD 21044
      View Details
    • $950,000

      Specialty Property For Sale

      Specialty property available for purchase.
      11394 High Hay Dr, Columbia, MD 21044
      View Details
    • $800,000

      Specialty Property For Sale

      Specialty property available for purchase.
      11129 Wood Elves Way, Columbia, MD 21044
      View Details
    • $375,000
      1,605 SF

      Condo in Gated Community

      Beautiful condo in a vibrant, gated community near shops and restaurants.
      10742 Symphony Way, Columbia, MD 21044
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,525 SF

      Downtown Columbia Office Space Available

      Office building in downtown Columbia with luxury finishes and amenities.
      10960 Grantchester Way, Columbia, MD 21044
      View Details
    • $23 SF/Yr
      3,284 SF

      Columbia Office Building For Rent

      31,068 SF office building in Columbia, Maryland's Town Center.
      5560 Sterrett Pl, Columbia, MD 21044
      View Details
    • Contact for pricing
      1,575 SF

      Bio-Tech/Lab Space Available

      State-of-the-art bio-tech/lab space for lease.
      10710 Charter Dr, Columbia, MD 21044
      View Details
    • Contact for pricing
      88,861 SF

      Wilde Lake Executive Office Suites

      Prime Howard County office space available.
      0 Twin Rivers Rd. & Lynx Ln, Columbia, MD 21044
      View Details
    • Contact for pricing
      1,700 SF

      Office Space for Rent

      Office space available with on-site amenities in Columbia, MD.
      10801 Hickory Ridge Rd, Columbia, MD 21044
      View Details
    • Contact for pricing
      2,772 SF

      Columbia Office Space For Lease

      Office space available for lease in Columbia, Maryland.
      5570 Sterrett Pl, Columbia, MD 21044
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Martin Rd
    Columbia, MD 21044
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.