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Property profile & analytics
OFF-MARKET
Estimated value
$4,200,000
Warehouses
11050 Livingston Rd, Fort Washington, MD 20744-5046
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US40-2067996
Property summary
AI-generated overview
This exceptional flex space, part of the Fort Washington Commerce Center, offers 1,380 square feet of versatile industrial space, perfect for a variety of businesses. Located in Prince George's County, this property boasts a total of 26,600 square feet across multiple tenancies, with 1,380 square feet currently vacant and immediately available. The property sits on a generous 5-acre lot, providing ample space and potential for expansion. The building offers convenient access to Cornett Street. Parking is plentiful, with 80 spaces available for tenants. Utilities are serviced by PEPCO. The property is zoned for industrial use. This is a fantastic opportunity for businesses seeking a well-maintained, conveniently located space. Rent includes significant value-added services such as parking, snow removal, trash removal, landscaping, and the base year real estate taxes and insurance. This all-inclusive rental package minimizes operational overhead and maximizes convenience for tenants. The property's prime location offers excellent accessibility and visibility, making it an ideal choice for businesses seeking a strategic advantage in the market. Don't miss this chance to secure your ideal workspace in this thriving industrial area.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
BRICK
Total area
17,271 SF
Lot
4.76 ac (207,346 SF)
Zoning code
IE
APN
05-0294488
UPID
US40-2067996
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
-
Three J's Home Services Hardware & Home Improvement HVAC Service
-
Fort Washington United Training Center Sports School
-
Christian Missions Church Charitable Organization Social Service Agency
-
6G Welding Services, LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.20M
Owner & transaction history
Fort Washington Commerce Center · 20 yrs held
Fort Washington Commerce Center
since 2006
1 recorded transaction
Zoning & alternative use
IE · Fort Washington, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.7M
+18.0%
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 Fort Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Washington 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
WAREHOUSE, STORAGE
$4,825,000
Current use
COMMERCIAL (GENERAL)
$5,690,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$4.20M
Range $3.78M – $4.62M · ±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
$243 / 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
$26,399
Tax year 2023
Assessed value
$2,373,967
Assessed 2023
Previous assessed
$2,279,233
+4.2% YoY
Effective rate
1.11%
On assessed value
Land market value
$758,000
Improvement market value
$1,710,700
Total market value
$2,468,700
Applied tax rate
5.0000
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
1995
Construction
BRICK
Heating
SPACE
Buildings
2
Stories
1
Units
2
Total area
17,271 SF
Lot
4.76 ac (207,346 SF)
Zoning code
IE
APN
05-0294488
UPID
US40-2067996
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Fort Washington, MD
Zoning IE · permitted uses
IE · Fort Washington, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Washington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$5.7M
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
1995
Construction
BRICK
Heating
SPACE
Stories
1
Buildings
2
Units
2
Lot
4.76 ac
Current owner
From public records · entity-resolved
Fort Washington Commerce Center
Individual
Mailing address
12354 WILKINS AVE, ROCKVILLE, MD 20852-1828
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2006
$1,500,000
Fort Washington Commerce Center
Clarke-hook Corp
Grant Deed
related
$375,000 · Ted & Bonnie Chorvinsky
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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