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Property profile & analytics
OFF-MARKET
Office buildings
1601 Mccormick Dr Upper Marlboro, MD 20774-5302
Individually Owned
3-yr Hold
Free & Clear
Property ID
US40-2236310
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
BRICK
Total area
25,116 SF
Lot
6.01 ac (262,005 SF)
Zoning code
RTOHE
APN
13-1425834
UPID
US40-2236310
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
Maryland Natl Cap Park & Planning C · 3 yrs held
Maryland Natl Cap Park & Planning C
since 2023
Last sale
$75.0M
4 recorded transactions
Zoning & alternative use
RTOHE · 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
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
$69,877
Tax year 2023
Assessed value
$6,283,900
Assessed 2023
Previous assessed
$5,860,767
+7.2% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,249,900
Assessed improvement
$4,034,000
Land market value
$2,249,900
Improvement market value
$4,034,000
Total market value
$6,283,900
Applied tax rate
13.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
25,116 SF
Lot
6.01 ac (262,005 SF)
Zoning code
RTOHE
APN
13-1425834
UPID
US40-2236310
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RTOHE · Upper Marlboro, MD
Zoning RTOHE · permitted uses
RTOHE · 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.
Building & site characteristics
From public records
Year built
1983
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
2
Lot
6.01 ac
Current owner
From public records · entity-resolved
Maryland Natl Cap Park & Planning C
Individual
Free & Clear · 3 yrs held
Mailing address
14741 GOVERNOR ODEN BOWIE DR, UPPER MARLBORO, MD 20772-3043
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2023
$75,000,000
Maryland Natl Cap Park & Planning C
State Of Maryland
Deed
—
Dec 28, 2010
$5,550,000
State Of Md
New Boston Inglewood I LLC
Grant Deed
—
Jan 16, 2007
$69,050
New Boston Inglewood I LLC
Inglewood Business Park I
Grant Deed
related
—
Jul 14, 2003
$9,800,000
Inglewood Business Park IV LLC
Rouse Commercial Properties
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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