Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,110,000
Community centers
10611 Greenbelt Rd Lanham, MD 20706
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-1089811
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2007
Total area
14,310 SF
Lot
9.57 ac (416,869 SF)
Zoning code
CGO
APN
14-3495942
UPID
US40-1089811
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
$10.11M
Owner & transaction history
So-eastgate LLC · 7 yrs held
So-eastgate LLC
since 2019
5 recorded transactions
Zoning & alternative use
CGO · Lanham, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$11,140,000
Current use
INDUSTRIAL (GENERAL)
$9,470,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$10.11M
Range $9.10M – $11.12M · ±10%
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
$706 / 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
$54,640
Tax year 2023
Assessed value
$4,913,700
Assessed 2023
Previous assessed
$4,913,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Land market value
$3,192,000
Improvement market value
$1,721,900
Total market value
$4,913,900
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2007
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
3
Total area
14,310 SF
Lot
9.57 ac (416,869 SF)
Zoning code
CGO
APN
14-3495942
UPID
US40-1089811
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CGO · Lanham, MD
Zoning CGO · permitted uses
CGO · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$11.1M
INDUSTRIAL (GENERAL)
Est. value
$9.5M
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (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
2007
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
9.57 ac
Current owner
From public records · entity-resolved
So-eastgate LLC
Entity
Mailing address
60 E 42ND ST STE #2107, NEW YORK, NY 10165-6233
Ownership since
2019
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
Jan 8, 2019
$27,800,000
So-eastgate LLC
Zp No 127 LLC
Grant Deed
—
Jan 10, 2011
—
Eastgate Ventures LLC
—
Deed Of Trust
related
$7,400,000 · Cibc INC
May 1, 2008
—
Zp 127 LLC
Eastgate Shopping Center LLC
Trustees Deed
$7,400,000 · Cibc INC
—
—
Eastgate Shopping Center LLC
—
Deed Of Trust
related
$7,400,000 · Cibc INC
—
—
Eastgate Ventures LLC
—
Deed Of Trust
related
$4,500,000 · Miscellaneous Ins Co
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?”
You own 10611 Greenbelt Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
