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Property profile & analytics
FOR LEASE
Office buildings
16901 Melford Blvd, Bowie, MD 20715
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-1099416
For Lease
1 / 3
$31,800,000
16901 Melford Blvd, Bowie, MD 20715
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
166,720 SF
Lot
12.54 ac (546,242 SF)
Zoning code
TACE
APN
07-3878329
UPID
US40-1099416
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
-
India Hall, The Ultimate Realtor® (Best Real Estate Agent in MD | DC | VA) Real Estate Agency
-
Transamerica: Charles Marshall Insurance Agency
-
Simone Malloy, BEST Bowie Real Estate Professional Real Estate Agency
-
Dr. Cuong Vu Ophthalmologist
-
Lucy Xu, M.D. Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$41.80M
Comparable Approach
Comparable
$23.96M
Blend (final)
Blend
$31.80M
Owner & transaction history
Mstc II LLC · 1 yrs held
Mstc II LLC
since 2024
7 recorded transactions
Zoning & alternative use
TACE · Bowie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$50.6M
+35.9%
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%
$45,280,000
6.5%
$41,795,000
7%
$38,810,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$37,210,000
Current use
MEDICAL BUILDING
$50,575,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$31.80M
Range $28.62M – $34.98M · ±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
$191 / 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
$227,266
Tax year 2023
Assessed value
$16,637,300
Assessed 2023
Previous assessed
$16,248,400
+2.4% YoY
Effective rate
1.37%
On assessed value
Assessed land
$4,916,100
Assessed improvement
$11,721,200
Land market value
$4,916,100
Improvement market value
$11,721,200
Total market value
$16,637,300
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2008
Heating
YES
Cooling
YES
Stories
4
Units
2
Total area
166,720 SF
Lot
12.54 ac (546,242 SF)
Zoning code
TACE
APN
07-3878329
UPID
US40-1099416
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$37.2M
MEDICAL BUILDING
Est. value
$50.6M
OFFICE BUILDING Current
MEDICAL BUILDING
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
2008
Heating
YES
Cooling
Yes
Stories
4
Units
2
Lot
12.54 ac
Current owner
From public records · entity-resolved
Mstc II LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2560 LORD BALTIMORE DR BALTIMORE
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
—
Mstc II LLC
Mstc I LLC
Re-recorded Document
related
—
Jun 10, 2024
—
Mstc I LLC
Mstc II LLC
Re-recorded Document
related
—
Mar 4, 2024
—
Mstc II LLC
Mstc I LLC
Intrafamily Transfer
related
$20,000,000 · Eagle Bank
Nov 15, 2021
—
Mstc II LLC
—
Deed
related
$1,774,805 · Eagle Bank
Nov 9, 2020
—
Mstc II LLC
—
Deed
related
$20,000,000 · Eagle Bank
Jan 24, 2018
—
Mstc II LLC
—
Trustees Deed
related
$21,000,000 · Bds II Mtg Cap Jpm LLC
Aug 17, 2011
—
Mstc II LLC
—
Deed Of Trust
related
$22,225,000 · Wells Fargo Bank
Jul 28, 2010
—
Mstc II LLC
—
Deed Of Trust
related
$22,225,000 · Wells Fargo Bank
—
—
Mstc II LLC
—
Deed Of Trust
related
$28,885,000 · Wells Fargo 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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