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Property profile & analytics
OFF-MARKET
Estimated value
$177,660,000
Apartment buildings
Normandy Woods Dr, Ellicott City, MD 21043
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1802366
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1980
Construction
WOOD
Total area
48,168 SF
Lot
14.91 ac (649,480 SF)
Zoning code
RA15
APN
02-274086
UPID
US40-1802366
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$125.41M
Blend (final)
Blend
$177.66M
Owner & transaction history
Renaissance Hills Ellicott LP · 4 yrs held
Renaissance Hills Ellicott LP
since 2022
Last sale
$210.2M
5 recorded transactions
Zoning & alternative use
RA15 · Ellicott City, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Ellicott City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellicott City 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
$164,860,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$177.66M
Range $159.89M – $195.43M · ±10% · vs last sale $210.18M (Apr 7 2022)
Last sale anchor
$210.18M
Apr 7 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
$3,688 / 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
$368,240
Tax year 2022
Assessed value
$33,661,333
Assessed 2023
Previous assessed
$33,661,333
+0.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$6,321,300
Improvement market value
$28,298,000
Total market value
$34,619,300
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
3
Units
240
Total area
48,168 SF
Lot
14.91 ac (649,480 SF)
Zoning code
RA15
APN
02-274086
UPID
US40-1802366
Jurisdiction
HOWARD
Zoning & alternative use
RA15 · Ellicott City, MD
Zoning RA15 · permitted uses
RA15 · Ellicott City, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellicott City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
PACKAGE
Cooling
Yes
Stories
3
Buildings
3
Units
240
Lot
14.91 ac
Current owner
From public records · entity-resolved
Renaissance Hills Ellicott LP
Entity
Mailing address
1 CHESTER CIR, NEW BRUNSWICK, NJ 08901-1518
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
$210,180,000
Renaissance Hills Ellicott LP
Charleston Place Owner LLC
Special Warranty Deed
$147,300,000 · Cbre Capital Markets INC
Apr 27, 2021
$169,000,000
Charleston Place Owner LLC
Star Charleston LLC
Special Warranty Deed
$139,107,000 · Berkeley Point Capital LLC
Aug 13, 2002
$12,700,000
Charleston Manor II LLC
Security Management Corp
Grant Deed
$84,000,000 · Wells Fargo Bank Trustee
—
—
Home Properties Charleston LLC
—
Deed Of Trust
related
$129,600,000 · Berkadia Com'l Mtg
—
—
Charleston Manor II LLC
—
Deed Of Trust
related
$14,280,000 · Arbor Commercial Mortgage LLC
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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