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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Outlet malls
20 Poplar Ln Indian Head, MD 20640-1601
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1338835
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2011
Construction
STEEL FRAME
Total area
8,772 SF
Lot
1.84 ac (80,194 SF)
Zoning code
GC
APN
07-017723
UPID
US40-1338835
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
$1.44M
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.53M
Owner & transaction history
Eretz Retail Holdings LLC · 3 yrs held
Eretz Retail Holdings LLC
since 2022
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
GC · Indian Head, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ZONING 440 Attachment 2 Town of Indian Head Schedule of Zone Regulations [Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. III)] Zoning Districts R-1 R-2 RM TCMX GC Public Institutional Open Space Single- family detached Single- family detache d Single- family Duplex Townhouse Apartment/ Condo Commercia l Residential Uses Commercial P…
Zone name
General Commercial
General category
INDUSTRIAL
Zone area
7.76 ac
Top alternative use upside
Office building
$2.5M
+31.5%
Restaurant
$2.5M
+29.0%
Commercial (general)
$2.4M
+24.0%
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 Indian Head submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indian Head 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
$1,530,000
ML approach
$1,435,000
CAP Approach
CAP Return
Estimation
6%
$1,660,000
6.5%
$1,530,000
7%
$1,420,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,910,000
Current use
OFFICE BUILDING
$2,510,000
Change: +32% · Conversion: Easy
RESTAURANT
$2,465,000
Change: +29% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,370,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$2,085,000
Change: +9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,760,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.08M (Aug 24 2022)
Last sale anchor
$1.08M
Aug 24 2022
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
$174 / 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
$19,520
Tax year 2023
Assessed value
$1,228,200
Assessed 2023
Previous assessed
$1,228,200
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$165,100
Assessed improvement
$1,063,100
Land market value
$165,100
Improvement market value
$1,063,100
Total market value
$1,228,200
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2011
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
8,772 SF
Lot
1.84 ac (80,194 SF)
Zoning code
GC
APN
07-017723
UPID
US40-1338835
Jurisdiction
CHARLES
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
GC · Indian Head, MDZoning GC · permitted uses
GC · Indian Head, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ZONING 440 Attachment 2 Town of Indian Head Schedule of Zone Regulations [Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. III)] Zoning Districts R-1 R-2 RM TCMX GC Public Institutional Open Space Single- family detached Single- family detache d Single- family Duplex Townhouse Apartment/ Condo Commercia l Residential Uses Commercial Public Institutional Open Space Minimum Lot Area
Zone name
General Commercial
General category
INDUSTRIAL
Zone area
7.76 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$2.5M
RESTAURANT
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
2011
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Eretz Retail Holdings LLC
Entity
Mailing address
5171 S SPENCER ST, SEATTLE, WA 98118-2923
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2022
$1,080,000
Eretz Retail Holdings LLC
Poplar Investments LLC
Special Warranty Deed
$678,000 · Bay Commercial Bank
Jul 28, 2011
$1,287,500
Poplar Investments LLC
Excell Indian Head LLC
Grant Deed
—
Jan 13, 2009
$200,000
Excell Indian Head LLC
Hancock,bryan
Grant Deed
$987,000 · Severn Savings Bank Fsb
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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