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Property profile & analytics
OFF-MARKET
Estimated value
$33,875,000
Outlet malls
16520 Ballpark Rd Bowie, MD 20716-3684
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-0832205
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
109,221 SF
Lot
11.43 ac (497,891 SF)
Zoning code
TACE
APN
07-3149242
UPID
US40-0832205
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
-
BJ's Bakery Bakery Specialty Food Shop
-
BJ's Gas Station Gas Station
-
BJ's Tire Center (Bike/Boat/Book/etc) Store Auto Parts Store
-
BJ's Wholesale Club Big Box & Wholesale Store Grocery & Convenience Store
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$37.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$33.88M
Owner & transaction history
Bowie Bjw Borrower LLC · 5 yrs held
Bowie Bjw Borrower LLC
since 2021
Last sale
$30.3M
4 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
$37,260,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$40,895,000
6.5%
$37,750,000
7%
$35,050,000
Alternative Use
Use
Estimation
RETAIL STORES
$45,555,000
Current use
AUTO REPAIR, GARAGE
$45,275,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$33.88M
Range $30.49M – $37.26M · ±10% · vs last sale $30.25M (Jun 2 2021)
Last sale anchor
$30.25M
Jun 2 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
$310 / 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
$307,012
Tax year 2023
Assessed value
$22,475,233
Assessed 2023
Previous assessed
$21,329,400
+5.4% YoY
Effective rate
1.37%
On assessed value
Land market value
$11,595,500
Improvement market value
$13,171,400
Total market value
$24,766,900
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
109,221 SF
Lot
11.43 ac (497,891 SF)
Zoning code
TACE
APN
07-3149242
UPID
US40-0832205
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$45.6M
AUTO REPAIR, GARAGE
Est. value
$45.3M
RETAIL STORES Current
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
11.43 ac
Current owner
From public records · entity-resolved
Bowie Bjw Borrower LLC
Entity
Mailing address
928 JAYMOR RD STE A100, SOUTHAMPTON, PA 18966-3863
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2021
$30,250,000
Bowie Bjw Borrower LLC
Hg Bowie Realty LLC
Special Warranty Deed
—
Dec 9, 2019
—
Hg Bowie Realty LLC
—
Deed
related
$18,525,000 · Goldman Sachs Bank USA
Oct 23, 2002
$18,525,000
Hg Bowie Realty LLC
Starwood Ceruzzi Bowie LLC
Grant Deed
$17,898,000 · Branch Banking & Trust Co
Oct 26, 2001
$7,037,360
Starwood Ceruzzi Bowie LLC
3809 Crain LP
Grant Deed
$12,650,000 · First Union National Bank
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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