Back to Search
Property profile & analytics
FOR LEASE
Warehouses
1049 Prince Georges Blvd Upper Marlboro, MD 20774
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US40-0404365
For Lease
$29,085,000
1049 Prince Georges Blvd, Upper Marlboro, MD 20774
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
BRICK
Total area
218,031 SF
Lot
19.71 ac (858,568 SF)
Zoning code
LCD
APN
07-0799023
UPID
US40-0404365
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
by Request
Blend (final)
Blend
$29.09M
Owner & transaction history
Iota Cedar Cove LLC · 15 yrs held
Iota Cedar Cove LLC
since 2011
3 recorded transactions
Zoning & alternative use
LCD · Upper Marlboro, 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 Upper Marlboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Upper Marlboro 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$133 / 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
$244,785
Tax year 2023
Assessed value
$22,013,033
Assessed 2023
Previous assessed
$23,402,700
-5.9% YoY
Effective rate
1.11%
On assessed value
Land market value
$6,600,300
Improvement market value
$16,938,800
Total market value
$23,539,100
Applied tax rate
7.0000
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
For Lease
Year built
1990
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
218,031 SF
Lot
19.71 ac (858,568 SF)
Zoning code
LCD
APN
07-0799023
UPID
US40-0404365
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LCD · Upper Marlboro, MD
Zoning LCD · permitted uses
LCD · Upper Marlboro, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Upper Marlboro. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
19.71 ac
Current owner
From public records · entity-resolved
Iota Cedar Cove LLC
Entity
Mailing address
PO BOX 30428, CHARLOTTE, NC 28230-0428
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2011
$4,915,287
Iota Cedar Cove LLC
Surratt Properties INC
Deed In Lieu Of Foreclosure
—
Apr 4, 2011
$19,300,000
Iit Upper Marlboro Dist Ctr LLC
Cms Collington Center LLC Re
Deed
$19,300,000 · Jpmorgan Chase Bank NA
—
—
Cms-collington Center Assoc
—
Deed Of Trust
related
$5,223,726 · General Electric Capital Busin
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
