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Property profile & analytics
OFF-MARKET
Estimated value
$7,450,000
Apartment buildings
2839 Jessup Rd Jessup, MD 20794-9726
Entity Owned
8-yr Hold
Free & Clear
Property ID
US40-1484581
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2018
Total area
47,688 SF
Lot
18.88 ac (822,413 SF)
Zoning code
MXD-E
APN
04-000-05286600
UPID
US40-1484581
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
-
Cbg Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.45M
Blend (final)
Blend
$7.45M
Owner & transaction history
Shannons Glen Investments LLC · 8 yrs held
Shannons Glen Investments LLC
since 2018
4 recorded transactions
Zoning & alternative use
MXD-E · Jessup, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$9.1M
+204.1%
Auto repair, garage
$9.0M
+203.5%
Restaurant
$8.3M
+178.7%
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 Jessup submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jessup 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
RETAIL STORES
$9,065,000
Change: +204% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,045,000
Change: +203% · Conversion: Difficult
RESTAURANT
$8,305,000
Change: +179% · Conversion: Difficult
MEDICAL BUILDING
$6,550,000
Change: +120% · Conversion: Moderate
OFFICE BUILDING
$6,200,000
Change: +108% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,820,000
Change: +95% · Conversion: Moderate
Blend value · Realmo final
$7.45M
Range $6.71M – $8.20M · ±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
$156 / 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
$879,028
Tax year 2023
Assessed value
$80,497,067
Assessed 2023
Previous assessed
$80,497,067
+0.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$18,200,000
Improvement market value
$77,323,200
Total market value
$95,523,200
Applied tax rate
4.0000
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 (100+ UNITS)
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
YES
Buildings
9
Stories
4
Units
364
Bathrooms
1
Total area
47,688 SF
Lot
18.88 ac (822,413 SF)
Zoning code
MXD-E
APN
04-000-05286600
UPID
US40-1484581
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
MXD-E · Jessup, MDZoning MXD-E · permitted uses
MXD-E · Jessup, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$9.0M
RESTAURANT
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$6.6M
OFFICE BUILDING
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$5.8M
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
9
Units
364
Bathrooms
1
Lot
18.88 ac
Current owner
From public records · entity-resolved
Shannons Glen Investments LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1355 BEVERLY RD STE #105, MCLEAN, VA 22101-3623
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2018
—
Shannons Glen Investments LLC
Elms At Shannon S Glen Lc
Quit Claim Deed
—
May 8, 2015
—
Shannon Elm Lc
Tottenham Lc
Grant Deed
—
Dec 16, 2013
$7,754,350
Tottenham Lc
Shannon Sarah B Trust
Grant Deed
$7,754,350 · Elm Street Dev Communities LLC
Aug 25, 2009
—
Shannon Sarah B Trust
Shannon,sarah B
Quit Claim 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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