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Property profile & analytics
OFF-MARKET
Estimated value
$25,270,000
Office buildings
1301 Mccormick Dr Upper Marlboro, MD 20774-5416
Individually Owned
11-yr Hold
Free & Clear
Property ID
US40-2349509
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
BRICK
Total area
182,000 SF
Lot
3.69 ac (160,881 SF)
Zoning code
RTOHE
APN
13-1425859
UPID
US40-2349509
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
-
Jones Lang La Salle Property Management Company
-
Wayne K. Curry Administration Building Government Office
-
Essence Leaf Smart Dispensary Medical Supply Store
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
Blink Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.48M
Blend (final)
Blend
$25.27M
Owner & transaction history
Prince Georges Cnty Md · 11 yrs held
Prince Georges Cnty Md
since 2015
7 recorded transactions
Zoning & alternative use
RTOHE · Upper Marlboro, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Upper Marlboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Upper Marlboro 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
OFFICE BUILDING
$35,350,000
Current use
Blend value · Realmo final
$25.27M
Range $22.74M – $27.80M · ±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
$139 / 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
$349,942
Tax year 2023
Assessed value
$31,469,600
Assessed 2023
Previous assessed
$31,469,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,608,800
Assessed improvement
$29,860,800
Land market value
$1,608,800
Improvement market value
$29,860,800
Total market value
$31,469,600
Applied tax rate
13.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
1
Total area
182,000 SF
Lot
3.69 ac (160,881 SF)
Zoning code
RTOHE
APN
13-1425859
UPID
US40-2349509
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RTOHE · Upper Marlboro, MDZoning RTOHE · permitted uses
RTOHE · Upper Marlboro, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$35.4M
OFFICE BUILDING Current
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
2000
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
1
Lot
3.69 ac
Current owner
From public records · entity-resolved
Prince Georges Cnty Md
Individual
Free & Clear · 11 yrs held
Mailing address
1400 MCCORMICK DR #336, LARGO, MD 20774-5313
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2015
$21,700,000
Prince Georges Cnty Md
General Electric Credit Equiti
Grant Deed
—
Jan 4, 2012
$15,800,000
Electric Credit
Mgp 1301 Mccormick Operating
Grant Deed
related
—
Oct 3, 2005
$31,750,000
Mgp 1301 Mccormick Operating LLC
Orix Largo LLC
Grant Deed
$25,000,000 · Orix Real Estate Capital INC
Aug 22, 2001
—
Orix Largo LLC
Orix Alliance Largo Venture
Quit Claim Deed
related
$18,000 · Morgan Guaranty Trust Co Ny
Aug 23, 1999
$3,313,500
Orix Alliance Largo Venture Ste
Hrd Commercial
Grant Deed
—
Dec 23, 1998
—
Hrd Commercial Properties INC Th
Rouse-teachers
Grant Deed
related
—
—
—
Mgp 1301 Mccormick Operating
—
Deed Of Trust
related
$2,000,000 · General Electric Capital Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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