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Property profile & analytics
OFF-MARKET
Estimated value
$79,210,000
Apartment buildings
16021 English Oaks Ave, Bowie, MD 20716-3330
Entity Owned
5-yr Hold
Property ID
US40-1117213
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1988
Construction
BRICK
Total area
204,340 SF
Lot
22.25 ac (969,210 SF)
Zoning code
LCD
APN
07-0750760
UPID
US40-1117213
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
-
Avana Heather Ridge Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$57.39M
Blend (final)
Blend
$79.21M
Owner & transaction history
Gep X Heather Ridge LLC · 5 yrs held
Gep X Heather Ridge LLC
since 2021
Last sale
$91.7M
5 recorded transactions
Zoning & alternative use
LCD · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$79.21M
Range $71.29M – $87.13M · ±10% · vs last sale $91.70M (Jun 21 2021)
Last sale anchor
$91.70M
Jun 21 2021
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
$388 / 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
$919,094
Tax year 2023
Assessed value
$67,283,633
Assessed 2023
Previous assessed
$67,283,633
+0.0% YoY
Effective rate
1.37%
On assessed value
Land market value
$9,692,100
Improvement market value
$70,707,600
Total market value
$80,399,700
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1988
Construction
BRICK
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
324
Total area
204,340 SF
Lot
22.25 ac (969,210 SF)
Zoning code
LCD
APN
07-0750760
UPID
US40-1117213
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LCD · Bowie, MD
Zoning LCD · permitted uses
LCD · 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
1988
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
324
Lot
22.25 ac
Current owner
From public records · entity-resolved
Gep X Heather Ridge LLC
Entity
Mailing address
465 MEETING ST STE #500, CHARLESTON, SC 29403-7123
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2021
$91,700,000
Gep X Heather Ridge LLC
Heather Ridge Apartments Business L
Special Warranty Deed
$60,000,000 · Greystar Equity Partners X Reit LLC
Dec 16, 2011
—
Heather Ridge Apartments
—
Deed Of Trust
related
$28,400,000 · Hartford Life Insurance Co
Oct 21, 2003
—
Heather Ridge Apts Business Tr
—
Deed Of Trust
related
$29,700,000 · Federal Home Loan Mortgage Cor
Sep 17, 2003
—
Heather Ridge Apts Business Tr
Heather Ridge Apartments INC
Quit Claim Deed
related
—
Dec 17, 2002
—
Heather Ridge Apartments LLC
—
Deed Of Trust
related
$100,000,000 · Federal Home Loan Mortgage Cor
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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