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Property profile & analytics
OFF-MARKET
Estimated value
$7,040,000
Warehouses
15031 Marlboro Pike Upper Marlboro, MD 20772-3105
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-2162833
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1941
Construction
BRICK
Total area
44,672 SF
Lot
13.15 ac (572,814 SF)
Zoning code
IE
APN
03-0227199
UPID
US40-2162833
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
-
Eastcomm Ltd Telecommunications Service General Contractor
-
Social Supply Interior Design Home Decor Store
-
Celebrations Event & Rental LLC Party Supply Store Rental Equipment Company
-
Garcia General Contractor LLC Construction Company General Contractor
-
Princess Construction Co LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.00M
Blend (final)
Blend
$7.04M
Owner & transaction history
15031 Marlboro Pike LLC · 3 yrs held
15031 Marlboro Pike LLC
since 2022
Last sale
$6.4M
2 recorded transactions
Zoning & alternative use
IE · 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
$7,460,000
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
$10,030,000
Current use
Blend value · Realmo final
$7.04M
Range $6.34M – $7.74M · ±10% · vs last sale $6.35M (Oct 12 2022)
Last sale anchor
$6.35M
Oct 12 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
$158 / 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
$57,339
Tax year 2023
Assessed value
$5,156,367
Assessed 2023
Previous assessed
$4,795,300
+7.5% YoY
Effective rate
1.11%
On assessed value
Land market value
$3,214,900
Improvement market value
$2,663,600
Total market value
$5,878,500
Applied tax rate
3.0000
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
1941
Construction
BRICK
Heating
SPACE
Stories
1
Units
2
Total area
44,672 SF
Lot
13.15 ac (572,814 SF)
Zoning code
IE
APN
03-0227199
UPID
US40-2162833
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Upper Marlboro, MD
Zoning IE · permitted uses
IE · Upper Marlboro, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Upper Marlboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$10.0M
WAREHOUSE, STORAGE 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
1941
Construction
BRICK
Heating
SPACE
Stories
1
Units
2
Lot
13.15 ac
Current owner
From public records · entity-resolved
15031 Marlboro Pike LLC
Entity
Mailing address
2409 VELVET VLY WAY, OWINGS MILLS, MD 21117-3035
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2022
$6,350,000
15031 Marlboro Pike LLC
Decatur Properties LLC
Deed
$4,850,000 · Arundel Federal Savings Bank
Feb 14, 2008
$4,600,000
Decatur Properties LLC
Graham,roger A & Barbara M
Grant Deed
$3,600,000 · Monument Bank
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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