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Property profile & analytics
OFF-MARKET
Estimated value
$8,600,000
Outlet malls
2277 University E Blvd, Hyattsville, MD 20783-4136
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-0945346
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1963
Construction
BRICK
Total area
24,603 SF
Lot
1.23 ac (53,755 SF)
Zoning code
CGO
APN
17-1855352
UPID
US40-0945346
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
-
Value Village Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.60M
CAP Approach
CAP
$8.51M
Comparable Approach
Comparable
$5.38M
Blend (final)
Blend
$8.60M
Owner & transaction history
Park Station Center LLC · 1 yrs held
Park Station Center LLC
since 2024
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
CGO · Hyattsville, 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 Hyattsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hyattsville 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
$8,600,000
ML approach
$8,600,000
CAP Approach
CAP Return
Estimation
6%
$9,210,000
6.5%
$8,505,000
7%
$7,895,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,260,000
Current use
AUTO REPAIR, GARAGE
$10,200,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,210,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$8.60M
Range $7.74M – $9.46M · ±10% · vs last sale $8.60M (Dec 2 2024)
Last sale anchor
$8.60M
Dec 2 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
$350 / 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
$32,295
Tax year 2023
Assessed value
$2,904,267
Assessed 2023
Previous assessed
$2,870,333
+1.2% YoY
Effective rate
1.11%
On assessed value
Land market value
$1,343,800
Improvement market value
$1,594,400
Total market value
$2,938,200
Applied tax rate
17.0000
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
1963
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
24,603 SF
Lot
1.23 ac (53,755 SF)
Zoning code
CGO
APN
17-1855352
UPID
US40-0945346
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CGO · Hyattsville, MD
Zoning CGO · permitted uses
CGO · Hyattsville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hyattsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.3M
AUTO REPAIR, GARAGE
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$8.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (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
1963
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Park Station Center LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7949 E ACOMA DR STE #100, SCOTTSDALE, AZ 85260-6969
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2024
$8,600,000
Park Station Center LLC
2277 University Blvd LLC
Special Warranty Deed
—
Jul 19, 2021
—
2277 University Blvd LLC
—
Deed
related
$3,500,000 · Alliance Bank
Jun 22, 2007
$3,400,000
2277 University Blvd LLC
National Childrens Center INC
Grant Deed
—
Jul 15, 1997
—
National Children's Center INC
Tru Properties INC
Grant Deed
$1,360 · Nationsbank
—
—
2277 University Blvd LLC
—
Deed Of Trust
related
$2,404,958 · Bank Of America
—
—
2277 University Blvd LLC
—
—
related
$3,270,000 · Readycap Commercial LLC Readycap Commercial LLC
—
—
2277 University Blvd LLC
—
Loan Modification
related
$2,067,458 · Bank Of America
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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