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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Warehouses
408 Old Ritchie Rd Capitol Heights, MD 20743-4815
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-2374754
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1955
Construction
BRICK
Total area
3,444 SF
Lot
1.49 ac (64,904 SF)
Zoning code
IE
APN
18-2003200
UPID
US40-2374754
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
-
United Site Services Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$991k
Blend (final)
Blend
$1.02M
Owner & transaction history
Fortified Isf 408 Old Ritchie LLC · 5 yrs held
Fortified Isf 408 Old Ritchie LLC
since 2020
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
IE · Capitol Heights, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+73.6%
Auto repair, garage
$1.4M
+72.5%
Medical building
$1.0M
+26.3%
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 Capitol Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Capitol 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
Method
Estimation
Statistic approach
$1,030,000
ML approach
$1,140,000
CAP Approach
CAP Return
Estimation
6%
$1,105,000
6.5%
$1,020,000
7%
$945,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$825,000
Current use
RETAIL STORES
$1,435,000
Change: +74% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,430,000
Change: +73% · Conversion: Easy
MEDICAL BUILDING
$1,045,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$875,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$790,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $1.01M (Sep 3 2020)
Last sale anchor
$1.01M
Sep 3 2020
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
$295 / 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
$10,683
Tax year 2023
Assessed value
$960,700
Assessed 2023
Previous assessed
$925,967
+3.8% YoY
Effective rate
1.11%
On assessed value
Assessed land
$511,700
Assessed improvement
$449,000
Land market value
$511,700
Improvement market value
$449,000
Total market value
$960,700
Applied tax rate
18.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Total area
3,444 SF
Lot
1.49 ac (64,904 SF)
Zoning code
IE
APN
18-2003200
UPID
US40-2374754
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Capitol Heights, MD
Zoning IE · permitted uses
IE · Capitol Heights, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Capitol Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$825,000
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$790,000
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1955
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Fortified Isf 408 Old Ritchie LLC
Entity
Mailing address
4920 ELM ST STE #325, BETHESDA, MD 20814-2983
Ownership since
2020
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
Sep 3, 2020
$1,012,500
Fortified Isf 408 Old Ritchie LLC
Kv Group LLC
Special Warranty Deed
$557,000 · Founders Bank
Aug 8, 2017
$900,000
Kv Group LLC
Old Ritchie Real Est Interest
Grant Deed
$900,000 · Eagle Bk
Oct 7, 2005
$950,000
Old Ritchie Real Estate Interest
Who Nose
Grant Deed
$760,000 · Sandy Spring Bank
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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