Individually Owned 
For Lease
1 / 8
$15 SF/Yr
10011 Good Luck Rd, Glenn Dale, MD 20769
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Property summary
AI-generated overview
This exceptional 45,000-square-foot warehouse, located at 10011 Good Luck Road in Glenn Dale, Maryland, presents a unique investment opportunity. Situated on a 2.78-acre lot in Prince George's County, this single-tenant property boasts impressive features ideal for a variety of industrial or retail uses. The building offers a flexible layout with ceiling heights ranging from 18 to 36 feet, providing ample space for storage or specialized equipment. With 45,000 square feet currently vacant, this property offers immediate occupancy. Ample parking is available with 65 spaces. The property is zoned I-1, allowing for a range of industrial uses. A significant advantage is its direct access to the Capital Beltway, experiencing a daily traffic count of 240,000 vehicles. This high visibility location ensures excellent exposure and accessibility for businesses. The property's address is 10011 Good Luck Rd, Glenn Dale, MD 20769. This is a rare opportunity to acquire a substantial warehouse in a high-traffic area with excellent access to major transportation routes. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
BRICK
Total area
42,000 SF
Lot
2.78 ac (121,097 SF)
Zoning code
IE
APN
14-1645852
UPID
US40-0739427
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Association / Organization
-
Gym & Fitness Center Sports Field & Court
-
Storage Facility
-
Building Supply General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.26M
Owner & transaction history
Zoning & alternative use
IE · Glenn Dale, MD
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$4.26M
Value range
$3.83M – $4.68M
±10% around blend
Estimated value / SF
$101 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
40
Income certainty
100
$3.83M
blend $4.26M
$4.68M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
42,000 SF
Lot area
2.78 ac
Year built
1974
Stories
1
APN
14-1645852
Zoning
IE
Assessed value
$2,122,467
Annual tax
$23,602
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$23,602
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$12.19M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.7 mi away · 35,386 SF
13.2 mi away · 39,000 SF
18.8 mi away · 33,600 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.26M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 220 sales
$279
-64%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $101/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.19M
Move the market yield to see immediate price impact.
Value / SF
$100
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$264k
$5.28M
$3.77M
$2.93M
$293k
$5.87M
$4.19M
$3.26M
$323k
$6.45M
$4.61M
$3.59M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$16.79M
6.8 mi · Feb 2026 · $444/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,602
Tax year 2023
Assessed value
$2,122,467
Assessed 2023
Previous assessed
$2,074,700
+2.3% YoY
Effective rate
1.11%
On assessed value
Land market value
$1,234,900
Improvement market value
$983,100
Total market value
$2,218,000
Applied tax rate
14.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1974
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
42,000 SF
Lot
2.78 ac (121,097 SF)
Zoning code
IE
APN
14-1645852
UPID
US40-0739427
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Glenn Dale, MDZoning IE · permitted uses
IE · Glenn Dale, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1974
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2.78 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
IE
Jurisdiction
Glenn Dale, MD
Recorded code
IE
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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