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Property profile & analytics
OFF-MARKET
Super regional malls
15400 Emerald Way Bowie, MD 20716
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US40-0980196
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2001
Total area
34,827 SF
Lot
30.51 ac (1,329,016 SF)
Zoning code
TACE
APN
07-3631397
UPID
US40-0980196
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
Bowie Legacy Holdings LLC
Bowie Legacy Holdings LLC
since 2026
Last sale
$50.0M
7 recorded transactions
Zoning & alternative use
TACE · 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
$878,720
Tax year 2023
Assessed value
$64,328,000
Assessed 2023
Previous assessed
$67,641,300
-4.9% YoY
Effective rate
1.37%
On assessed value
Assessed land
$39,870,400
Assessed improvement
$24,457,600
Land market value
$39,870,400
Improvement market value
$24,457,600
Total market value
$64,328,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2001
Heating
YES
Cooling
YES
Buildings
6
Stories
1
Units
6
Total area
34,827 SF
Lot
30.51 ac (1,329,016 SF)
Zoning code
TACE
APN
07-3631397
UPID
US40-0980196
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
TACE · Bowie, MDZoning TACE · permitted uses
TACE · Bowie, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Units
6
Lot
30.51 ac
Current owner
From public records · entity-resolved
Bowie Legacy Holdings LLC
Entity
Mailing address
4900 E PO BOX 2410TH RD #4, COLUMBUS, OH 43216-2410
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Feb 17, 2026
$50,000,000
Bowie Legacy Holdings LLC
Wp Btc LLC
Special Warranty Deed
$35,000,000 · Benefit Street Partners Realty Trus
Dec 11, 2023
—
Wp Btc LLC
—
Deed
related
$100,500,000 · Goldman Sachs Bank USA
Aug 5, 2022
—
Wp Btc LLC
Bowie Mall Company LLC
Re-recorded Document
related
—
Mar 17, 2022
—
Wp Btc LLC
—
Deed
related
$126,183,320 · Glas Americas LLC
Feb 2, 2022
—
Wp Btc LLC
Bowie Mall Company LLC
Quit Claim Deed
related
—
Jan 6, 2021
—
Bowie Mall Co LLC
—
Deed
related
$340,000 · Bank Of America
—
—
Bowie Mall Co LLC
—
Deed Of Trust
related
$340,000 · Bank Of America
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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