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Property profile & analytics
OFF-MARKET
Estimated value
$14,790,000
Distribution centers
3301 Pennsy Dr, Landover, MD 20785-1606
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1354613
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Total area
71,856 SF
Lot
4.1 ac (178,486 SF)
Zoning code
LTOE
APN
13-3804762
UPID
US40-1354613
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
$11.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.67M
Blend (final)
Blend
$14.79M
Owner & transaction history
Bcl Tv Pennsy Logistics Ctr Ll · 5 yrs held
Bcl Tv Pennsy Logistics Ctr Ll
since 2021
Last sale
$13.5M
4 recorded transactions
Zoning & alternative use
LTOE · Landover, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$24.0M
+39.5%
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 Landover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Landover 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
$16,630,000
ML approach
$11,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,190,000
Current use
COMMERCIAL (GENERAL)
$23,985,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$14.79M
Range $13.31M – $16.27M · ±10% · vs last sale $13.50M (Jan 7 2021)
Last sale anchor
$13.50M
Jan 7 2021
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
$206 / 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
$80,898
Tax year 2023
Assessed value
$7,275,000
Assessed 2023
Previous assessed
$6,987,633
+4.1% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,784,800
Assessed improvement
$5,490,200
Land market value
$1,784,800
Improvement market value
$5,490,200
Total market value
$7,275,000
Applied tax rate
13.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2007
Heating
SPACE
Stories
1
Units
1
Total area
71,856 SF
Lot
4.1 ac (178,486 SF)
Zoning code
LTOE
APN
13-3804762
UPID
US40-1354613
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LTOE · Landover, MD
Zoning LTOE · permitted uses
LTOE · Landover, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Landover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$17.2M
COMMERCIAL (GENERAL)
Est. value
$24.0M
WAREHOUSE, STORAGE Current
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
2007
Heating
SPACE
Stories
1
Units
1
Lot
4.1 ac
Current owner
From public records · entity-resolved
Bcl Tv Pennsy Logistics Ctr Ll
Individual
Mailing address
518 17TH ST, DENVER, CO 80202-4130
Ownership since
2021
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 1, 2022
—
Bci IV Pennsy Logistics Center LLC
—
Deed
related
$5,000,000 · Jpmorgan Chase Bank NA
Jan 7, 2021
$59,500,000
Bcl Tv Pennsy Logistics Ctr Ll
Landover Pennsy II LLC
Grant Deed
$59,500,000 · Bci IV Loc Lender LLC
—
—
Landover Pennsy II LLC
—
Deed Of Trust
related
$5,310,000 · Pnc Bank
—
—
Landover Pennsy II LLC
—
Deed Of Trust
related
$4,465,703 · Security Mutual Life Ins Co Ne
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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