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Property profile & analytics
OFF-MARKET
Estimated value
$8,185,000
Retail properties & Spaces
15700 Emerald Way Bowie, MD 20716-2200
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1311067
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2001
Construction
BRICK
Total area
125,000 SF
Lot
9.91 ac (431,854 SF)
Zoning code
TACE
APN
07-3324324
UPID
US40-1311067
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
-
Sears Appliance Repair Home Appliance Store
-
Ace Pro Roofers Roofing Company General Contractor
-
Spirit Halloween (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.04M
Blend (final)
Blend
$8.19M
Owner & transaction history
Santay Realty Of Bowie LLC · 3 yrs held
Santay Realty Of Bowie LLC
since 2023
Last sale
$7.0M
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
Method
Estimation
Statistic approach
$8,700,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.19M
Range $7.37M – $9.00M · ±10% · vs last sale $7.00M (Jun 13 2023)
Last sale anchor
$7.00M
Jun 13 2023
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
$65 / 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
$165,967
Tax year 2023
Assessed value
$12,149,867
Assessed 2023
Previous assessed
$12,149,867
+0.0% YoY
Effective rate
1.37%
On assessed value
Land market value
$6,477,800
Improvement market value
$10,235,600
Total market value
$16,713,400
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2001
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
1
Total area
125,000 SF
Lot
9.91 ac (431,854 SF)
Zoning code
TACE
APN
07-3324324
UPID
US40-1311067
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
TACE · Bowie, MD
Zoning TACE · permitted uses
TACE · 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
2001
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
9.91 ac
Current owner
From public records · entity-resolved
Santay Realty Of Bowie LLC
Entity
Mailing address
7900 CEDARVILLE RD, BRANDYWINE, MD 20613-3018
Ownership since
2023
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
Jun 13, 2023
$7,000,000
Santay Realty Of Bowie LLC
Seritage Src Finance LLC
Special Warranty Deed
$5,600,000 · Fulton Bank NA
Jun 1, 2023
—
Fcpt Holdings LLC
Seritage Src Finance LLC
Deed
—
Dec 20, 2019
—
Seritage Src Finance LLC
—
Deed
related
—
Jul 24, 2015
—
Seritage Src Finance LLC
Sears Roebuck & Co
Grant Deed
—
Aug 28, 2001
—
Sears Roebuck & Co
Bowie Mall Co LLC
Grant Deed
related
—
Jun 28, 2001
—
Gmri INC
Bowie Mall Co LLC
Grant Deed
related
—
Dec 19, 2000
—
Bowie Mall Co LLC
Bowie Mall Associates
Quit Claim Deed
related
$57,500,000 · Us Bank NA Trustee
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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