Individually Owned 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
Current use
Occupant on record · Public records
-
Hardware & Home Improvement HVAC Service
-
Training Center Sports School
-
Charitable Organization Social Service Agency
-
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
$4.20M
Owner & transaction history
since 2006
1 recorded transaction
Zoning & alternative use
IE · Fort Washington, MD
Top alternative use upside
Commercial (general)
$5.7M
+18.0%
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.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.20M
Value range
$3.78M – $4.62M
±10% around blend
Estimated value / SF
$243 / SF
Confidence
High
9 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
90
$3.78M
blend $4.20M
$4.62M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
17,271 SF
Lot area
4.76 ac
Year built
1995
Stories
1
APN
05-0294488
Zoning
IE
Assessed value
$2,373,967
Annual tax
$26,399
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.93M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.0 mi away · 13,508 SF
11.7 mi away · 18,840 SF
12.2 mi away · 16,500 SF
12.2 mi away · 16,045 SF
12.3 mi away · 16,252 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.20M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 220 sales
$279
-13%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $243/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+18%
vs current-use indication
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
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: replacement-cost inputs are not on file.
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 · 9 sales
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$2.37M
Move the market yield to see immediate price impact.
Value / SF
$137
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%
$150k
$2.99M
$2.14M
$1.66M
$166k
$3.32M
$2.37M
$1.85M
$183k
$3.66M
$2.61M
$2.03M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$5.13M
10.2 mi · Feb 2026 · $326/SF
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
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
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, MDZoning IE · permitted uses
IE · Fort Washington, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
IE
Jurisdiction
Fort Washington, 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
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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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