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Property profile & analytics
OFF-MARKET
Estimated value
$9,580,000
Hospitals
15005 Health Ctr Dr, Bowie, MD 20716-1017
Entity Owned
8-yr Hold
Free & Clear
Property ID
US40-0833767
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1994
Construction
WOOD
Total area
45,644 SF
Lot
3.9 ac (169,884 SF)
Zoning code
RR
APN
07-3267077
UPID
US40-0833767
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
-
OptiWave TRT Therapy Clinic Medical Clinic
-
FOLASADE ADEWUNMI Physician
-
Sandra Settles Physician
-
Harborside Healthcare Corporation Insurance Agency
-
Larkin Chase Center Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.44M
Comparable Approach
Comparable
$10.86M
Blend (final)
Blend
$9.58M
Owner & transaction history
Dimensions Health Corp · 8 yrs held
Dimensions Health Corp
since 2017
1 recorded transaction
Zoning & alternative use
RR · Bowie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.0M
+8.3%
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 Bowie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bowie 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%
$9,140,000
6.5%
$8,435,000
7%
$7,835,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$13,845,000
Current use
COMMERCIAL (GENERAL)
$15,000,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$9.58M
Range $8.62M – $10.54M · ±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
$210 / 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
$180,312
Tax year 2023
Assessed value
$13,200,000
Assessed 2023
Previous assessed
$13,200,000
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$560,600
Assessed improvement
$12,639,400
Land market value
$560,600
Improvement market value
$12,639,400
Total market value
$13,200,000
Applied tax rate
77.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
120
Total area
45,644 SF
Lot
3.9 ac (169,884 SF)
Zoning code
RR
APN
07-3267077
UPID
US40-0833767
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RR · Bowie, MD
Zoning RR · permitted uses
RR · Bowie, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bowie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$15.0M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
1994
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
120
Lot
3.9 ac
Current owner
From public records · entity-resolved
Dimensions Health Corp
Entity
Free & Clear · 8 yrs held
Mailing address
250 W PRATT ST STE #2400, BALTIMORE, MD 21201-2461
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2017
—
Dimensions Health Corp
Prince Georg E S Countymaryla
Grant Deed
related
—
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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