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Property profile & analytics
OFF-MARKET
Super regional malls
3222 Donnell Dr District Heights, MD 20747-3205
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-1353608
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1960
Construction
BRICK
Total area
57,150 SF
Lot
8.13 ac (353,958 SF)
Zoning code
CGO
APN
06-0586511
UPID
US40-1353608
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
by Request
Owner & transaction history
Penn Mar Improvements LLC · 1 yrs held
Penn Mar Improvements LLC
since 2024
Last sale
$2.6M
3 recorded transactions
Zoning & alternative use
CGO · District Heights, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purposes of the Commercial, General and Office (CGO) Zone are to provide lands for a diverse range of business, civic, and mixed use development, typically at or near major intersections where visibility and good access are important, in a form that supports connections and a balance between automobile access and pedestrian friendliness.
Zone name
Commercial General And Office Zone
General category
MIXED_USE
Zone area
28.02 ac
Source
Realmo
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 District Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs District Heights 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$91,648
Tax year 2023
Assessed value
$8,241,700
Assessed 2023
Previous assessed
$8,022,033
+2.7% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,470,700
Assessed improvement
$5,771,000
Land market value
$2,470,700
Improvement market value
$5,771,000
Total market value
$8,241,700
Applied tax rate
6.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1960
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
57,150 SF
Lot
8.13 ac (353,958 SF)
Zoning code
CGO
APN
06-0586511
UPID
US40-1353608
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CGO · District Heights, MDZoning CGO · permitted uses
CGO · District Heights, 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 Commercial, General and Office (CGO) Zone are to provide lands for a diverse range of business, civic, and mixed use development, typically at or near major intersections where visibility and good access are important, in a form that supports connections and a balance between automobile access and pedestrian friendliness.
Zone name
Commercial General And Office Zone
General category
MIXED_USE
Zone area
28.02 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1960
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
8.13 ac
Current owner
From public records · entity-resolved
Penn Mar Improvements LLC
Entity
Free & Clear · 1 yrs held
Mailing address
565 PO BOX 92129TH RD STE #400, SOUTHLAKE, TX 76092-0102
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2024
$2,603,000
Penn Mar Improvements LLC
Mept Penn Mar Land LLC
Special Warranty Deed
—
Aug 16, 2024
$65,897,000
Penn Mar Improvements LLC
Mept Penn Mar LLC
Special Warranty Deed
$42,800,000 · Athene Annuity And Life Company
Oct 19, 2011
$57,948,573
Mept Penn Mar LLC
Penn Mar Associates LLC
Grant Deed
—
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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