Back to Search
Property profile & analytics
OFF-MARKET
Theaters & concert halls
15200 Major Lansdale Blvd Bowie, MD 20716-2622
Entity Owned
~
Est. High Equity
Property ID
US40-0851239
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1998
Total area
55,285 SF
Lot
11.97 ac (521,413 SF)
Zoning code
CGO
APN
07-3131711
UPID
US40-0851239
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Union Church
Union Church
since 2025
Last sale
$12.3M
7 recorded transactions
Zoning & alternative use
CGO · Bowie, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$123,999
Tax year 2023
Assessed value
$9,077,500
Assessed 2023
Previous assessed
$9,077,500
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$4,324,300
Assessed improvement
$4,753,200
Land market value
$4,324,300
Improvement market value
$4,753,200
Total market value
$9,077,500
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1998
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
55,285 SF
Lot
11.97 ac (521,413 SF)
Zoning code
CGO
APN
07-3131711
UPID
US40-0851239
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CGO · Bowie, MD
Zoning CGO · permitted uses
CGO · 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.
Building & site characteristics
From public records
Year built
1998
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
11.97 ac
Current owner
From public records · entity-resolved
Union Church
Entity
Mailing address
3318 HAMPTON PT DR STE 300TH S BOWIE, BOWIE
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
$12,250,000
Union Church
Passion Java Ministries INC
Deed
$3,000,000 · Wesleyan Investment Foundation INC
Jul 18, 2024
—
Grp Major Lansdale LLC
Major Lansdale Property Owner LLC
Deed
—
Jul 18, 2024
$10,250,000
Passion Java Ministries INC
Grp Major Lansdale LLC
Deed
$2,301,167 · Regal Bowie LLC
Jan 25, 2024
$4,000,000
Major Lansdale Property Owner LLC
Spirit Master Funding X LLC
Special Warranty Deed
$3,000,000 · Bay Vanguard Bank
Dec 19, 2002
$7,090
Bowie Theater Business Trust
Md Bowie Rem Business Trust
Grant Deed
related
—
Jun 29, 1998
$210,626
Md Bowie Rem Business Trust
Freerick Plaza Cinema INC
Trustees Deed
$13,132,000 · Corporate Real Estate Capital
Jun 29, 1998
$3,089,374
Bowie Theater Business Trust
Freerick Plaza Cinema INC
Trustees Deed
—
Dec 30, 1997
$3,546,402
Frederick Plaza Cinema INC
Faison-bowie Newe Town Center
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 15200 Major Lansdale Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
