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Property profile & analytics
FOR LEASE
Industrial properties
4400 Forbes Blvd Lanham, MD 20706
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-0388321
For Lease
1 / 6
$13.50 SF/Yr
4400 Forbes Blvd, Lanham, MD 20706
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1984
Construction
BRICK
Total area
114,258 SF
Lot
5.52 ac (240,623 SF)
Zoning code
IE
APN
13-1442003
UPID
US40-0388321
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
-
Oxbridge Development At Lanham Apartment Building General Contractor
-
Kaiser Permanente Lanham Rehabilitation Center Medical Clinic
-
Price Modern Interior Design Home Decor Store
-
Power Plus Pressure Washing Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.81M
Owner & transaction history
Tang Ent LLC · 8 yrs held
Tang Ent LLC
since 2018
5 recorded transactions
Zoning & alternative use
IE · Lanham, 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 Lanham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lanham 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%
$30,195,000
6.5%
$27,875,000
7%
$25,880,000
Blend value · Realmo final
$22.81M
Range $20.53M – $25.09M · ±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
$200 / 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
$89,649
Tax year 2023
Assessed value
$8,062,000
Assessed 2023
Previous assessed
$7,254,067
+11.1% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,406,200
Assessed improvement
$5,655,800
Land market value
$2,406,200
Improvement market value
$5,655,800
Total market value
$8,062,000
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
For Lease
Year built
1984
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
114,258 SF
Lot
5.52 ac (240,623 SF)
Zoning code
IE
APN
13-1442003
UPID
US40-0388321
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Lanham, MD
Zoning IE · permitted uses
IE · Lanham, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lanham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
5.52 ac
Current owner
From public records · entity-resolved
Tang Ent LLC
Entity
Mailing address
12805 BRANDON GRN CT, SILVER SPRING, MD 20904-3569
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2018
$8,613,000
Tang Ent LLC
Oxbridge Dev At Lanham Lc
Grant Deed
—
Dec 21, 2010
—
Oxbridge Dev At Lanham Lc
—
Deed Of Trust
related
$8,900,000 · Pnc Bank
Dec 20, 2001
$5,990,000
Development At Lanham Oxbridge
Montpelier Associates LLC
Grant Deed
$4,800,000 · J P Morgan Chase Bank
—
—
Oxbridge Dev At Lanham Lc
—
Deed Of Trust
related
$8,100,000 · Old Line Bank
—
—
Montpelier Associates LLC
—
Deed Of Trust
related
$17,875,000 · Lehman Capital
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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