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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Warehouses
11805 Pika Dr, Waldorf, MD 20602-2780
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1126839
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Construction
STEEL FRAME
Total area
4,500 SF
Lot
1 ac (43,560 SF)
Zoning code
IG
APN
06-157785
UPID
US40-1126839
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
-
Brilliant Minds Enrichment Program Daycare Center Foster Care Service
-
American Martial Arts Gym Training Center Sports School
-
Beltway Striping & Traffic Control Construction Company General Contractor
-
Black Jewels Theater & Performing Art Venue Training Center
-
Waldorf Window Tinting / Sun Stoppers Interior Design Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.55M
Owner & transaction history
Beltway Investments LLC · 4 yrs held
Beltway Investments LLC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
IG · Waldorf, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+95.0%
Office building
$1.5M
+30.3%
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 Waldorf submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waldorf 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
$1,165,000
Current use
COMMERCIAL (GENERAL)
$2,270,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$1,515,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$980,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.58M (Mar 10 2022)
Last sale anchor
$1.58M
Mar 10 2022
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
$344 / 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
$18,275
Tax year 2023
Assessed value
$1,357,100
Assessed 2023
Previous assessed
$1,357,100
+0.0% YoY
Effective rate
1.35%
On assessed value
Land market value
$196,000
Improvement market value
$1,281,300
Total market value
$1,477,300
Applied tax rate
6.0000
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
2018
Construction
STEEL FRAME
Heating
SPACE
Stories
2
Units
3
Total area
4,500 SF
Lot
1 ac (43,560 SF)
Zoning code
IG
APN
06-157785
UPID
US40-1126839
Jurisdiction
CHARLES
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IG · Waldorf, MD
Zoning IG · permitted uses
IG · Waldorf, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waldorf. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$2.3M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$980,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2018
Construction
STEEL FRAME
Heating
SPACE
Stories
2
Units
3
Lot
1 ac
Current owner
From public records · entity-resolved
Beltway Investments LLC
Entity
Mailing address
11745 PIKA DR, WALDORF, MD 20602-2778
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
$1,575,000
Beltway Investments LLC
Pika Drive I LLC
Deed
$1,260,000 · Community Bank Of The Chesapeake
Jul 11, 2019
—
Pika Drive Properties I LLC
—
Deed
related
$750,000 · Old Line Bk
Nov 29, 2018
—
James W Beardsley
Pika Drive Properties I LLC
Grant Deed
—
Jun 28, 2018
—
Pika Drive Properties I LLC
—
Deed
related
$500,000 · Old Line Bk
May 13, 2002
—
Pika Drive Propertiers I LLC
Beardsley,charles H & Cynthia A
Grant Deed
$368,000 · Community Bank Of Tri-county
Nov 13, 1997
$70,000
Charles H Beard
Hurley,richard L & Nancy J
Grant Deed
—
—
—
Pika Drive Properties I LLC
—
Deed Of Trust
related
$150,000 · Old Line Bk
—
—
Pika Drive Properties I LLC
—
Loan Modification
related
$750,000 · Old Line Bk
—
—
Pika Drive Properties I LLC
—
Deed Of Trust
related
$990,000 · Old Line Bank
—
—
Cahrles H Beardsley
—
Deed Of Trust
related
$300,000 · Maryland Bank & Trust Co NA
—
—
Pika Drive Properties I LLC
—
Deed Of Trust
related
$500,000 · Community Bank Of Tri-county
—
—
Pika Drive Properties I LLC
—
Loan Modification
related
$500,000 · Old Line Bk
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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