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Property profile & analytics
OFF-MARKET
Estimated value
$2,450,000
Warehouses
18911 Central Ave Upper Marlboro, MD 20774-8724
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-1385329
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Total area
6,000 SF
Lot
11 ac (479,160 SF)
Zoning code
IE
APN
07-0800680
UPID
US40-1385329
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
-
B & B Used Cars Ltd Car Dealership
-
B&B Auto Salvage Ltd Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$2.45M
Owner & transaction history
Higgins Property Group LLC · 1 yrs held
Higgins Property Group LLC
since 2025
Last sale
$2.7M
2 recorded transactions
Zoning & alternative use
IE · Upper Marlboro, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+176.0%
Industrial (general)
$3.6M
+165.3%
Retail stores
$2.5M
+85.8%
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
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
Alternative Use
Use
Estimation
RESTAURANT
$3,720,000
Change: +176% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,575,000
Change: +165% · Conversion: Easy
RETAIL STORES
$2,505,000
Change: +86% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,485,000
Change: +85% · Conversion: Easy
MEDICAL BUILDING
$1,820,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$2.45M
Range $2.21M – $2.70M · ±10% · vs last sale $2.70M (Nov 18 2024)
Last sale anchor
$2.70M
Nov 18 2024
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
$408 / 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
$18,402
Tax year 2023
Assessed value
$1,654,900
Assessed 2023
Previous assessed
$1,588,900
+4.2% YoY
Effective rate
1.11%
On assessed value
Land market value
$1,258,300
Improvement market value
$528,600
Total market value
$1,786,900
Applied tax rate
7.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Heating
SPACE
Buildings
2
Stories
1
Units
2
Bathrooms
1
Total area
6,000 SF
Lot
11 ac (479,160 SF)
Zoning code
IE
APN
07-0800680
UPID
US40-1385329
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Upper Marlboro, MD
Zoning IE · permitted uses
IE · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.7M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
RETAIL STORES
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$1.8M
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1977
Heating
SPACE
Stories
1
Buildings
2
Units
2
Bathrooms
1
Lot
11 ac
Current owner
From public records · entity-resolved
Higgins Property Group LLC
Entity
Mailing address
18911 CENTRAL AVE, UPPER MARLBORO, MD 20774-8724
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2025
$2,700,000
Higgins Property Group LLC
Franklin Pierce Reigle III
Deed
$2,675,000 · Live Oak Banking Company
Jun 23, 1998
$20,000
Franklin P Reigle
Reigle,gloria M
Grant Deed
related
—
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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