New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,785,000
Apartment buildings
28 Cres Rd, Greenbelt, MD 20770-1818
Entity Owned
6-yr Hold
Property ID
US40-1674656
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1939
Total area
42 SF
Lot
1.29 ac (56,192 SF)
Zoning code
RMF20
APN
21-2355071
UPID
US40-1674656
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.79M
Owner & transaction history
Greenbelt Park Owner LLC · 6 yrs held
Greenbelt Park Owner LLC
since 2020
Last sale
$5.2M
6 recorded transactions
Zoning & alternative use
RMF20 · Greenbelt, 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 Greenbelt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenbelt 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
$5,300,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.79M
Range $4.31M – $5.26M · ±10% · vs last sale $5.20M (Jan 23 2020)
Last sale anchor
$5.20M
Jan 23 2020
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
$113,929 / 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
$76,087
Tax year 2023
Assessed value
$4,237,667
Assessed 2023
Previous assessed
$4,237,667
+0.0% YoY
Effective rate
1.80%
On assessed value
Land market value
$842,800
Improvement market value
$4,007,100
Total market value
$4,849,900
Applied tax rate
74.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1939
Heating
NONE
Units
42
Total area
42 SF
Lot
1.29 ac (56,192 SF)
Zoning code
RMF20
APN
21-2355071
UPID
US40-1674656
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RMF20 · Greenbelt, MD
Zoning RMF20 · permitted uses
RMF20 · Greenbelt, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenbelt. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1939
Heating
NONE
Units
42
Lot
1.29 ac
Current owner
From public records · entity-resolved
Greenbelt Park Owner LLC
Entity
Mailing address
28 CRES RD #40, GREENBELT, MD 20770-1818
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2020
$5,200,000
Greenbelt Park Owner LLC
Greenbelt Park LLC
Special Warranty Deed
$4,280,000 · Hunt Mortgage Capital LLC
Feb 2, 2015
$2,665,000
Greenbelt Park LLC
Apartments LLC
Deed
$2,707,500 · First Virginia Community Bank
—
—
Strathcona Apartments LLC
—
Deed Of Trust
related
$1,095,000 · Greystone Servicing Corp
—
—
Strathcona Apartments LLC
—
Deed Of Trust
related
$600,000 · Lasalle National Bank
—
—
Greenbelt Park LLC
—
Deed Of Trust
related
$3,600,000 · Capital One Multifamily Fin
—
—
Strathcona Apartments LLC
—
Deed Of Trust
related
$600,000 · Washington Mutual 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 28 Cres Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
