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Property profile & analytics
OFF-MARKET
Estimated value
$2,515,000
Community centers
3270 Donnell Dr District Heights, MD 20747-3205
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-1317960
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1960
Construction
BRICK
Total area
75,670 SF
Lot
10.86 ac (473,225 SF)
Zoning code
CGO
APN
06-3763737
UPID
US40-1317960
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
$2.52M
Owner & transaction history
Penn Mar Improvements LLC · 1 yrs held
Penn Mar Improvements LLC
since 2024
Last sale
$2.6M
4 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
$33 / 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
$264,209
Tax year 2023
Assessed value
$23,759,800
Assessed 2023
Previous assessed
$22,564,800
+5.3% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,160,900
Assessed improvement
$20,598,900
Land market value
$3,160,900
Improvement market value
$20,598,900
Total market value
$23,759,800
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1960
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
4
Total area
75,670 SF
Lot
10.86 ac (473,225 SF)
Zoning code
CGO
APN
06-3763737
UPID
US40-1317960
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
4
Units
4
Lot
10.86 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
4 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
—
—
—
Adf Midatlantic LLC
—
Deed Of Trust
related
$500,000 · Ares Capital Corp
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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