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

    Mill Pond Rd, MD

    • Apartment buildings
    • 108,268 SF
    • 3.38 lot acres
    OFF-MARKET
    Last Sale
    Aug 30, 2021
    $11,040,000
    Value Estimations
    $11,130,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-2129575
    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

    • Apartment buildings

    Property Details for Mill

    Year built
    2023
    Lot size
    3.38 lot acres
    Property size
    108,268 SF
    Zone code
    MU1
    Property type
    Apartment buildings
    APN
    02-602150
    APU
    2602150

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $13,785,000
      ML approach
      $11,315,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $11,370,000
      INDUSTRIAL (GENERAL)
      $11,165,000
      AUTO REPAIR, GARAGE
      $11,025,000
      RETAIL STORES
      $10,380,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pond Rd
    County
    Frederick
    State
    Maryland
    Longitude
    -77.3914
    Latitude
    39.4504
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 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
    2023
    $263,661
    $857,100
    $13,804,000
    $14,661,100
    -
    $857,100
    $13,804,000
    $14,661,100

    Comparable in this City

    • Value Estimation by Request
      2,636 SF

      Main Including 10

      APARTMENT HOUSE (5+ UNITS) • 2,636 SF
      Main Including 10, Als St, MD
      View Details
    • Value Estimation
      $2,345,000
      19,745 SF

      Upper

      APARTMENT HOUSE (5+ UNITS) • 19,745 SF
      Upper, Marlboro, MD
      View Details
    • Value Estimation
      $2,330,000
      19,634 SF

      Upper

      APARTMENT HOUSE (5+ UNITS) • 19,634 SF
      Upper, Marlboro, MD
      View Details
    • Value Estimation
      $20,260,000
      187,348 SF

      Walter Martz Rd, MD

      APARTMENT HOUSE (5+ UNITS) • 187,348 SF
      Walter Martz Rd, MD
      View Details
    • Value Estimation
      $2,330,000
      19,634 SF

      Upper

      APARTMENT HOUSE (5+ UNITS) • 19,634 SF
      Upper, Marlboro, MD
      View Details
    • Value Estimation
      $36,110,000
      280,023 SF

      Pershing Dr, MD

      APARTMENT HOUSE (100+ UNITS) • 280,023 SF
      Pershing Dr, MD
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Zoned RMF-48

      10.66 acres zoned RMF-48, multi-family by-right.
      3910 Old Br Ave, Silver Hill, MD
      View Details
    • Contact for pricing
      154,375 SF

      Two-Building Office Park in Columbia

      Two-building office park with 79% occupancy in Columbia, MD.
      10630 L Little Patuxent Pkwy, Columbia, MD
      View Details
    • $2,600,000
      118,800 SF

      Hemp/Cannabis Production and Processing Facility

      31.43 acre hemp/cannabis production and processing facility for sale.
      201 Enterprise Dr, Hurlock, MD
      View Details
    • Contact for pricing
      15,000 SF

      Industrial Buildings in East Baltimore

      Two industrial buildings totaling 15,000 SF on 0.991 acres.
      6624 Quad Ave, Rosedale, MD
      View Details
    • Contact for pricing
      23,004 SF

      Fully Leased Retail Strip Center

      Multi-tenant strip center in Middle River, MD, fully leased.
      105 Beacon Rd, Middle River, MD
      View Details
    • Contact for pricing

      Commercial Land Near Ocean Highway

      Two land pads available near Lowe’s with highway visibility.
      275 Newtowne Blvd, Pocomoke City, MD
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      298 SF

      Towson Office Space Available

      298 square feet of office space for lease.
      22 W Pennsylvania Ave, Towson, MD
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Clarksville Center

      1,000 SF retail space in a vibrant retail corridor.
      12206 Clarksville Pike, Clarksville, MD
      View Details
    • Contact for pricing
      3,729 SF

      Retail Space Near Annapolis Mall

      Divisible 7,221 SF retail space with patio area.
      2188 Annapolis Mall Rd, Annapolis, MD
      View Details
    • Contact for pricing
      1,661 SF

      Retail Space in High-Traffic Center

      Retail space available in a highly visited shopping center.
      9201 Woodmore Ctr Dr, Glenarden, MD
      View Details
    • Contact for pricing
      6,000 SF

      Bowie Flex Space Available

      Flex/R&D space in Melford Town Center, Bowie, MD.
      4961 Tesla Dr, Bowie, MD
      View Details
    • Contact for pricing
      924,000 SF

      Elkton Warehouse Space Available

      924,000 SF warehouse/distribution space in Elkton, Maryland.
      3000 Commerce Ctr Dr, Elkton, MD
      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.
    Mill
    Pond Rd, MD
    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.