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Property profile & analytics
OFF-MARKET
Estimated value
$22,920,000
Industrial properties
12240 Indian Crk Ct, Beltsville, MD 20705-1242
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-1163246
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1987
Construction
BRICK
Total area
102,000 SF
Lot
9.93 ac (432,551 SF)
Zoning code
LCD
APN
01-0001057
UPID
US40-1163246
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
-
Arifa Khokar, MD FACOG Physician
-
Dr. Bradford Kleinman, MD Physician
-
Sarah Morelli, CNM, WHNP Physician
-
Hannah Tulkoff, WHNP Physician
-
Malya Druskin, LCSW-C Psychotherapist Mental Health Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.89M
Comparable Approach
Comparable
$23.67M
Blend (final)
Blend
$22.92M
Owner & transaction history
Colt Baltimore Owner LP · 4 yrs held
Colt Baltimore Owner LP
since 2022
Last sale
$20.8M
4 recorded transactions
Zoning & alternative use
LCD · Beltsville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$33.6M
+35.4%
Medical building
$30.9M
+24.7%
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 Beltsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beltsville 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
$24,440,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,955,000
6.5%
$24,885,000
7%
$23,105,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$24,810,000
Current use
COMMERCIAL (GENERAL)
$33,600,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$30,940,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$22.92M
Range $20.63M – $25.21M · ±10% · vs last sale $20.80M (Feb 25 2022)
Last sale anchor
$20.80M
Feb 25 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
$225 / 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
$107,597
Tax year 2023
Assessed value
$9,675,967
Assessed 2023
Previous assessed
$8,390,500
+15.3% YoY
Effective rate
1.11%
On assessed value
Land market value
$2,835,700
Improvement market value
$9,411,200
Total market value
$12,246,900
Applied tax rate
1.0000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
102,000 SF
Lot
9.93 ac (432,551 SF)
Zoning code
LCD
APN
01-0001057
UPID
US40-1163246
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LCD · Beltsville, MD
Zoning LCD · permitted uses
LCD · Beltsville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beltsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$24.8M
COMMERCIAL (GENERAL)
Est. value
$33.6M
MEDICAL BUILDING
Est. value
$30.9M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1987
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
9.93 ac
Current owner
From public records · entity-resolved
Colt Baltimore Owner LP
Entity
Free & Clear · 4 yrs held
Mailing address
3843 W CHESTER PIKE, NEWTOWN SQUARE, PA 19073-2304
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
$20,800,000
Colt Baltimore Owner LP
Liberty Indian Creek LLC
Special Warranty Deed
—
May 19, 2011
—
III-md1w04 W06 Cabot
—
Deed Of Trust
related
$5,590,000 · Aviva Life & Annuity Co
Dec 27, 2010
$7,300,000
III-md1w04 W06 Cabot
Writ LP
Grant Deed
—
—
—
Cabot III-md1w04 W06 & W07 LLC
—
Deed Of Trust
related
$5,590,000 · Aviva Life & Annuity 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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