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Property profile & analytics
OFF-MARKET
Estimated value
$4,045,000
Retail space
3311 Rhode Is Ave Mount Rainier, MD 20712-2058
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-0544964
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
7,240 SF
Lot
0.92 ac (39,919 SF)
Zoning code
LMUTC
APN
17-3502267
UPID
US40-0544964
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
-
Mt Rainier Lofts Apartment Building
-
Queenstowns Apartments Apartment Building
-
Gateway Media Arts Lab Theater & Performing Art Venue
-
Jolie Gelato Grocery & Convenience Store Specialty Food Shop
-
DC Poi Spinning Dance lessons Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.05M
Owner & transaction history
MOUNT RAINIER L P ARTSPACE
MOUNT RAINIER L P ARTSPACE
Zoning & alternative use
LMUTC · Mount Rainier, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Legacy Mixed Use Town Center (LMUTC) Zone is to recognize Mixed Use Town Center (MUTC) Zones established prior to April 1, 2022
Zone name
Legacy Mixed Use Town Center
General category
MIXED_USE
Zone area
11.83 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$5.6M
+86.7%
Industrial (general)
$4.8M
+58.7%
Restaurant
$4.5M
+48.6%
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 Mount Rainier submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Rainier 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
$3,020,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,635,000
Change: +87% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,790,000
Change: +59% · Conversion: Difficult
RESTAURANT
$4,485,000
Change: +49% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,000,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$4.05M
Range $3.64M – $4.45M · ±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
$559 / 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
$49,299
Tax year 2023
Assessed value
$2,794,700
Assessed 2023
Previous assessed
$2,611,100
+7.0% YoY
Effective rate
1.76%
On assessed value
Land market value
$598,700
Improvement market value
$2,379,600
Total market value
$2,978,300
Applied tax rate
91.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
44
Total area
7,240 SF
Lot
0.92 ac (39,919 SF)
Zoning code
LMUTC
APN
17-3502267
UPID
US40-0544964
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LMUTC · Mount Rainier, MDZoning LMUTC · permitted uses
LMUTC · Mount Rainier, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Legacy Mixed Use Town Center (LMUTC) Zone is to recognize Mixed Use Town Center (MUTC) Zones established prior to April 1, 2022
Zone name
Legacy Mixed Use Town Center
General category
MIXED_USE
Zone area
11.83 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
INDUSTRIAL (GENERAL)
Est. value
$4.8M
RESTAURANT
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2005
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
44
Lot
0.92 ac
Current owner
From public records · entity-resolved
MOUNT RAINIER L P ARTSPACE
Individual
Free & Clear · 0 yrs held
Mailing address
250 3RD AVE N STE #500, MINNEAPOLIS, MN 55401-1641
Mailing matches property
Different — outreach signal
Owner-occupied
No
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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