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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Commercial real estate
3409 Perry St, Mount Rainier, MD 20712-2139
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-0633461
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
FRAME
Total area
2,372 SF
Lot
0.13 ac (5,875 SF)
Zoning code
LMUTC
APN
17-1861657
UPID
US40-0633461
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
-
My Web and Company Theater & Performing Art Venue Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$460k
Comparable Approach
Comparable
$795k
Blend (final)
Blend
$710k
Owner & transaction history
Inkwell Investments LLC · 4 yrs held
Inkwell Investments LLC
since 2022
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
LMUTC · Mount Rainier, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$990,000
+26.6%
Auto repair, garage
$985,000
+25.9%
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
$765,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$500,000
6.5%
$460,000
7%
$425,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$780,000
Current use
RETAIL STORES
$990,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$985,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$720,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$660,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $650k (May 18 2022)
Last sale anchor
$650k
May 18 2022
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
$299 / 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
$8,896
Tax year 2023
Assessed value
$535,800
Assessed 2024
Previous assessed
$504,300
+6.2% YoY
Effective rate
1.66%
On assessed value
Assessed land
$164,500
Assessed improvement
$371,300
Land market value
$164,500
Improvement market value
$371,300
Total market value
$535,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Stories
3
Units
1
Bathrooms
1
Total area
2,372 SF
Lot
0.13 ac (5,875 SF)
Zoning code
LMUTC
APN
17-1861657
UPID
US40-0633461
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LMUTC · Mount Rainier, MD
Zoning 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
Mount Rainier. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$780,000
RETAIL STORES
Est. value
$990,000
AUTO REPAIR, GARAGE
Est. value
$985,000
MEDICAL BUILDING
Est. value
$720,000
WAREHOUSE, STORAGE
Est. value
$660,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1920
Construction
FRAME
Heating
FORCED AIR
Stories
3
Units
1
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Inkwell Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3409 PERRY ST, MOUNT RAINIER, MD 20712-2139
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
—
Inkwell Investments LLC
—
Deed
related
$315,000 · Institute Capital INC
May 18, 2022
$650,000
Inkwell Investments LLC
A R M J Properties INC
Deed
—
Jun 27, 2011
$146,900
Armj Properties INC
Us Bank NA 2006-wmc3
Grant Deed
$180,000 · Gemini Organization Ltd
Mar 11, 2011
$261,516
Us Bank NA 2006-wmc3
Fuchs Miriam S
Trustees Deed
—
May 9, 2006
$475,000
Julio Richardson
Conner,angelica B
Grant Deed
$380,000 · Wmc Mortgage Corp
—
—
Angelica B Conner
—
Deed Of Trust
related
$25,000 · Upland Mortgage
—
—
Angelica B Conner
—
Deed Of Trust
related
$165,000 · Fudco Ltd
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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