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Property profile & analytics
OFF-MARKET
Estimated value
$12,265,000
Warehouses
10001 Aerospace Rd Lanham, MD 20706-2216
Entity Owned
~
Est. High Equity
Property ID
US40-2241296
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Construction
BRICK
Total area
53,732 SF
Lot
2.15 ac (93,528 SF)
Zoning code
IE
APN
14-1667146
UPID
US40-2241296
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
-
Redeemers Church of Christ Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.92M
Comparable Approach
Comparable
$8.80M
Blend (final)
Blend
$12.27M
Owner & transaction history
Gki II Nj & Dc LLC
Gki II Nj & Dc LLC
since 2026
Last sale
$11.3M
7 recorded transactions
Zoning & alternative use
IE · Lanham, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.8M
+11.9%
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 Lanham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lanham 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
$13,950,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,245,000
6.5%
$15,915,000
7%
$14,780,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,005,000
Current use
COMMERCIAL (GENERAL)
$16,795,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$12.27M
Range $11.04M – $13.49M · ±10% · vs last sale $11.33M (Mar 17 2021)
Last sale anchor
$11.33M
Mar 17 2021
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
$228 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$35,444
Tax year 2023
Assessed value
$3,187,367
Assessed 2023
Previous assessed
$2,542,100
+25.4% YoY
Effective rate
1.11%
On assessed value
Land market value
$1,399,400
Improvement market value
$3,078,500
Total market value
$4,477,900
Applied tax rate
14.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Total area
53,732 SF
Lot
2.15 ac (93,528 SF)
Zoning code
IE
APN
14-1667146
UPID
US40-2241296
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Lanham, MD
Zoning IE · permitted uses
IE · Lanham, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lanham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$15.0M
COMMERCIAL (GENERAL)
Est. value
$16.8M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1967
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
Gki II Nj & Dc LLC
Entity
Mailing address
401 EDGEWATER PL STE #265, WAKEFIELD, MA 01880-6241
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
$16,500,000
Gki II Nj & Dc LLC
Nbpiii Aerospace LLC
Special Warranty Deed
$111,600,000 · Bnp Paribas
Jun 16, 2022
—
Nbpiii Aerospace LLC
—
Deed
related
$142,500,000 · Wells Fargo Bank NA
Oct 8, 2021
—
Nbpiii Aerospace LLC
—
Deed
related
$95,000,000 · Metlife Real Estate Lending LLC
Aug 19, 2021
—
Nbpiii Aerospace LLC
—
Deed
related
$90,000,000 · Key Bank NA
Mar 17, 2021
$11,325,000
Nbpiii Aerospace LLC
Aerospace Investors LLC
Special Warranty Deed
$7,000,000 · Nb Partners Fund III LP
Aug 8, 2005
$6,100,000
10001 Aerospace Drive LLC
Rockledge Matland LLC
Grant Deed
—
Aug 5, 2003
$3,200,000
Rockledge Matland LLC
Glendale Jv LLC
Grant Deed
$4,750,000 · Community Bank Northern Va
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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