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Property profile & analytics
OFF-MARKET
Estimated value
$4,325,000
Outlet malls
15485 Annapolis Rd Bowie, MD 20715-3047
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-1833838
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2016
Total area
11,247 SF
Lot
5.59 ac (243,631 SF)
Zoning code
CGO
APN
07-5566826
UPID
US40-1833838
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
-
Mayweather Boxing + Fitness Gym & Fitness Center
-
ATM (ATM Link, Inc.) Atm
-
Ramoun's Kitchen Restaurant
-
Lillie's Furniture Gallerie Interior Design Home Decor Store
-
Allure Nail Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.89M
Comparable Approach
Comparable
$3.16M
Blend (final)
Blend
$4.33M
Owner & transaction history
Be Bowie Residential LLC · 2 yrs held
Be Bowie Residential LLC
since 2024
3 recorded transactions
Zoning & alternative use
CGO · Bowie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purposes of the Commercial, General and Office (CGO) Zone are to provide lands for a diverse range of business, civic, and mixed use development, typically at or near major intersections where visibility and good access are important, in a form that supports connections and a balance between automobile access and pedestrian friendliness.
Zone name
Commercial General And Office Zone
General category
MIXED_USE
Zone area
245.17 ac
Source
Realmo
Top alternative use upside
Restaurant
$7.0M
+48.6%
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%
$4,210,000
6.5%
$3,885,000
7%
$3,610,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,690,000
Current use
RESTAURANT
$6,970,000
Change: +49% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,660,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$4.33M
Range $3.89M – $4.76M · ±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
$385 / 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
$305,752
Tax year 2023
Assessed value
$22,383,000
Assessed 2023
Previous assessed
$22,383,000
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$6,090,700
Assessed improvement
$16,292,300
Land market value
$6,090,700
Improvement market value
$16,292,300
Total market value
$22,383,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2016
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Units
5
Total area
11,247 SF
Lot
5.59 ac (243,631 SF)
Zoning code
CGO
APN
07-5566826
UPID
US40-1833838
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CGO · Bowie, MDZoning CGO · permitted uses
CGO · Bowie, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purposes of the Commercial, General and Office (CGO) Zone are to provide lands for a diverse range of business, civic, and mixed use development, typically at or near major intersections where visibility and good access are important, in a form that supports connections and a balance between automobile access and pedestrian friendliness.
Zone name
Commercial General And Office Zone
General category
MIXED_USE
Zone area
245.17 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.7M
RESTAURANT
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$4.7M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2016
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
5.59 ac
Current owner
From public records · entity-resolved
Be Bowie Residential LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5410 EDSON LN STE #220, ROCKVILLE, MD 20852-3195
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2024
—
Be Bowie Residential LLC
Be Bowie LLC
Intrafamily Transfer
related
—
Jul 11, 2017
—
Be Bowie LLC
—
Grant Deed
related
$28,500,000 · Miscellaneous Ins Co
Jul 7, 2017
—
Be Bowie Residential LLC
Be Bowie LLC
Quit Claim 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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