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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Office buildings
301 Watkins Park Dr Upper Marlboro, MD 20774-1950
Entity Owned
Free & Clear
Property ID
US40-1325302
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
FRAME
Total area
3,953 SF
Lot
427.54 ac (18,623,642 SF)
Zoning code
ROS
APN
07-0785063
UPID
US40-1325302
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
-
Mncppc Government Office
-
MD National Park Park
-
Watkins Nature Center Resort
-
Watkins Park Beekeeper Collective Garden Center Landscaping
-
Watkins Regional Park Campground Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$990k
Comparable Approach
Comparable
$988k
Blend (final)
Blend
$830k
Owner & transaction history
MNCPPC
MNCPPC
Zoning & alternative use
ROS · Upper Marlboro, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purposes of the Reserved Open Space (ROS) Zone are to encourage the preservation of large areas of agriculture, trees, and open spaces, to ensure the retention of certain areas for no intensive, active, or passive recreation uses.
Zone name
Reserved Open Space Zone
General category
AGRICULTURAL
Zone area
62.93 ac
Source
Realmo
Top alternative use upside
Medical building
$1.2M
+56.2%
Warehouse, storage
$885,000
+15.6%
Commercial (general)
$865,000
+12.5%
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
$600,000
CAP Approach
CAP Return
Estimation
6%
$1,075,000
6.5%
$990,000
7%
$920,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$770,000
Current use
MEDICAL BUILDING
$1,200,000
Change: +56% · Conversion: Easy
WAREHOUSE, STORAGE
$885,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$865,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$210 / 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
$76,469
Tax year 2023
Assessed value
$6,876,700
Assessed 2023
Previous assessed
$7,440,300
-7.6% YoY
Effective rate
1.11%
On assessed value
Assessed land
$4,925,400
Assessed improvement
$1,951,300
Land market value
$4,925,400
Improvement market value
$1,951,300
Total market value
$6,876,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
3,953 SF
Lot
427.54 ac (18,623,642 SF)
Zoning code
ROS
APN
07-0785063
UPID
US40-1325302
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
ROS · Upper Marlboro, MDZoning ROS · permitted uses
ROS · Upper Marlboro, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purposes of the Reserved Open Space (ROS) Zone are to encourage the preservation of large areas of agriculture, trees, and open spaces, to ensure the retention of certain areas for no intensive, active, or passive recreation uses.
Zone name
Reserved Open Space Zone
General category
AGRICULTURAL
Zone area
62.93 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$770,000
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$885,000
COMMERCIAL (GENERAL)
Est. value
$865,000
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1968
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
427.54 ac
Current owner
From public records · entity-resolved
MNCPPC
Individual
Free & Clear · 0 yrs held
Mailing address
CHIEF PK P DIVPKS REC-ROOM 3RD 6600TH K RM #3, RIVERDALE, MD 20737
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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