New search
Property profile & analytics
FOR LEASE
Commercial land
4400 Calvert Rd, College Park, MD 20740
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-0346411
For Lease
1 / 2
$4,970,000
4400 Calvert Rd, College Park, MD 20740
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1962
Construction
BRICK
Total area
22,090 SF
Lot
1.53 ac (66,734 SF)
Zoning code
LTOE
APN
21-2420057
UPID
US40-0346411
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
-
Aster Apartment Complex Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.29M
Comparable Approach
Comparable
$6.17M
Blend (final)
Blend
$4.97M
Owner & transaction history
State Highway Admin Of Md Dept Of T · 4 yrs held
State Highway Admin Of Md Dept Of T
since 2022
4 recorded transactions
Zoning & alternative use
LTOE · College Park, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 College Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs College Park 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%
$4,640,000
6.5%
$4,285,000
7%
$3,980,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,275,000
Current use
MEDICAL BUILDING
$6,700,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$4.97M
Range $4.47M – $5.47M · ±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
$225 / 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
$41,370
Tax year 2023
Assessed value
$3,002,600
Assessed 2023
Previous assessed
$3,002,600
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$3,002,600
Land market value
$3,002,600
Total market value
$3,002,600
Applied tax rate
81.0000
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 land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Year built
1962
Construction
BRICK
Heating
FLOOR/WALL FURNACE
Stories
2
Total area
22,090 SF
Lot
1.53 ac (66,734 SF)
Zoning code
LTOE
APN
21-2420057
UPID
US40-0346411
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LTOE · College Park, MD
Zoning LTOE · permitted uses
LTOE · College Park, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
College Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$6.7M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
1962
Construction
BRICK
Heating
FLOOR/WALL FURNACE
Stories
2
Lot
1.53 ac
Current owner
From public records · entity-resolved
State Highway Admin Of Md Dept Of T
Entity
Free & Clear · 4 yrs held
Mailing address
6406 IVY LN STE #700, GREENBELT, MD 20770-1435
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2022
—
State Highway Admin Of Md Dept Of T
College Park Jv LLC
Deed
—
May 14, 2020
$7,000,000
College Park Jv LLC
Umcpf Property V LLC
Grant Deed
—
Mar 23, 2020
—
College Park Business Assn INC
Umcpf Property V LLC
Grant Deed
related
—
—
—
Roland Walter INC
—
Deed Of Trust
related
$4,500,000 · United 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
