Entity Owned 
For Lease
$38,015,000
11800 Baltimore Ave, Beltsville, MD 20705
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1986
Construction
BRICK
Total area
167,000 SF
Lot
21.05 ac (917,075 SF)
Zoning code
LCD
APN
01-0015578
UPID
US40-0527138
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
-
Atm
-
Corporate Office
-
(Bike/Boat/Book/etc) Store Building Supply
-
Construction Company
-
Construction Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$49.47M
Comparable Approach
Comparable
$41.99M
Blend (final)
Blend
$38.02M
Owner & transaction history
since 2022
Last sale
$32.6M
3 recorded transactions
Zoning & alternative use
LCD · Beltsville, MD
Top alternative use upside
Commercial (general)
$55.0M
+29.0%
Medical building
$50.7M
+18.8%
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.
3 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
$38.02M
Value range
$34.21M – $41.82M
±10% around blend
Estimated value / SF
$228 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$34.21M
blend $38.02M
$41.82M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
167,000 SF
Lot area
21.05 ac
Year built
1986
Stories
1
APN
01-0015578
Zoning
LCD
Assessed value
$16,238,167
Annual tax
$180,568
3
Income approach: direct capitalization
Partial preview
Income approach indication
$49.47M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$53.59M
@ 6.5% CAP return
$49.47M
@ 7% CAP return
$45.94M
4
Sales comparison
Partial preview
Sales approach indication
$41.99M
Range $29.94M – $65.44M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$38.02M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$255
-11%
Submarket 29 sales
$255
-11%
County 220 sales
$279
-18%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $228/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
+29%
vs current-use indication
Medical Building
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
Modeled
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: income and sales evidence cover the value conclusion.
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
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
8.40%
Implied, in-place cap rate for this distribution centers
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.40%
9.0%
NOI (est.)
$2.28M *
Last sale · Feb 2022
$32.60M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$27.17M
Move the market yield to see immediate price impact.
Value / SF
$163
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
7.90%8.40%8.90%
$2.05M
$26.00M
$24.45M
$23.08M
$2.28M
$28.89M
$27.17M
$25.64M
$2.51M
$31.77M
$29.88M
$28.20M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$180,568
Tax year 2023
Assessed value
$16,238,167
Assessed 2023
Previous assessed
$12,655,000
+28.3% YoY
Effective rate
1.11%
On assessed value
Land market value
$5,442,300
Improvement market value
$17,962,200
Total market value
$23,404,500
Applied tax rate
1.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1986
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
167,000 SF
Lot
21.05 ac (917,075 SF)
Zoning code
LCD
APN
01-0015578
UPID
US40-0527138
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LCD · Beltsville, MDZoning LCD · permitted uses
LCD · Beltsville, 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
1986
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
21.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LCD
Jurisdiction
Beltsville, MD
Recorded code
LCD
Ownership Intelligence
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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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