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Property profile & analytics
OFF-MARKET
Estimated value
$20,215,000
Warehouses
10201 Aerospace Rd Lanham, MD 20706-2280
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-0319660
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1967
Construction
BRICK
Total area
52,924 SF
Lot
2.61 ac (113,743 SF)
Zoning code
IE
APN
14-1675628
UPID
US40-0319660
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
$16.66M
Blend (final)
Blend
$20.22M
Owner & transaction history
10108 Greenbelt Road Lanham Ll · 5 yrs held
10108 Greenbelt Road Lanham Ll
since 2020
Last sale
$24.2M
7 recorded transactions
Zoning & alternative use
IE · Lanham, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$32.8M
+121.9%
Retail stores
$22.1M
+49.4%
Auto repair, garage
$21.9M
+48.5%
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
$24,605,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,780,000
Current use
RESTAURANT
$32,795,000
Change: +122% · Conversion: Difficult
RETAIL STORES
$22,075,000
Change: +49% · Conversion: Moderate
AUTO REPAIR, GARAGE
$21,940,000
Change: +48% · Conversion: Easy
COMMERCIAL (GENERAL)
$16,540,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$20.22M
Range $18.19M – $22.24M · ±10% · vs last sale $24.15M (Dec 21 2020)
Last sale anchor
$24.15M
Dec 21 2020
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
$382 / 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
$72,371
Tax year 2023
Assessed value
$6,508,167
Assessed 2023
Previous assessed
$6,126,900
+6.2% YoY
Effective rate
1.11%
On assessed value
Land market value
$1,701,800
Improvement market value
$5,568,900
Total market value
$7,270,700
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
445
Total area
52,924 SF
Lot
2.61 ac (113,743 SF)
Zoning code
IE
APN
14-1675628
UPID
US40-0319660
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
$14.8M
RESTAURANT
Est. value
$32.8M
RETAIL STORES
Est. value
$22.1M
AUTO REPAIR, GARAGE
Est. value
$21.9M
COMMERCIAL (GENERAL)
Est. value
$16.5M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
PACKAGE
Cooling
Yes
Stories
1
Units
445
Lot
2.61 ac
Current owner
From public records · entity-resolved
10108 Greenbelt Road Lanham Ll
Individual
Mailing address
19191 S VERMONT AVE STE #680, TORRANCE, CA 90502-1140
Ownership since
2020
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 23, 2026
—
10108 Greenbelt Road Lanham LLC
—
Deed
related
$26,400,000 · Morgan Stanley Bank NA
Sep 4, 2024
—
10108 Greenbelt Road Lanham LLC
—
Deed
related
$22,422,589 · Citibank NA
Jan 29, 2021
—
10108 Greenbelt Road Lanham LLC
—
Deed
related
$18,225,000 · Goldman Sachs Bank USA
Dec 21, 2020
$24,150,000
10108 Greenbelt Road Lanham Ll
Affordable Mini-storage Of Greenb
Grant Deed
—
Oct 14, 2005
$4,300,000
Affordable Mini Storage Of Greenbel
Greenbelt II Mini-storage LLC
Grant Deed
related
$10,400,000 · General Electric Capital Corp
Aug 10, 1999
$1,353,086
Greenbelt II Mini Storage LLC Ch
Johil,llc
Grant Deed
—
—
—
Greenbelt II Mini-storage LLC
—
Deed Of Trust
related
$2,600,000 · Columbia Bank
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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