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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Warehouses
4504 46th St, Bladensburg, MD 20710-1010
Individually Owned
2-yr Hold
Free & Clear
Property ID
US40-1370209
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1947
Construction
BRICK
Total area
2,000 SF
Lot
0.07 ac (3,162 SF)
Zoning code
IE
APN
02-0146332
UPID
US40-1370209
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$516k
Blend (final)
Blend
$555k
Owner & transaction history
Larry Dallas Sanders · 2 yrs held
Larry Dallas Sanders
since 2023
Last sale
$558,000
2 recorded transactions
Zoning & alternative use
IE · Bladensburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$835,000
+49.4%
Auto repair, garage
$830,000
+48.5%
Commercial (general)
$660,000
+18.0%
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 Bladensburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bladensburg 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
$695,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$560,000
Current use
RETAIL STORES
$835,000
Change: +49% · Conversion: Moderate
AUTO REPAIR, GARAGE
$830,000
Change: +48% · Conversion: Easy
COMMERCIAL (GENERAL)
$660,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$605,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$510,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $558k (Aug 15 2023)
Last sale anchor
$558k
Aug 15 2023
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
$278 / 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
$2,869
Tax year 2023
Assessed value
$167,300
Assessed 2023
Previous assessed
$160,567
+4.2% YoY
Effective rate
1.71%
On assessed value
Assessed land
$31,600
Assessed improvement
$135,700
Land market value
$31,600
Improvement market value
$135,700
Total market value
$167,300
Applied tax rate
76.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1947
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
2,000 SF
Lot
0.07 ac (3,162 SF)
Zoning code
IE
APN
02-0146332
UPID
US40-1370209
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Bladensburg, MD
Zoning IE · permitted uses
IE · Bladensburg, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bladensburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$560,000
RETAIL STORES
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$660,000
MEDICAL BUILDING
Est. value
$605,000
OFFICE BUILDING
Est. value
$510,000
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE 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
1947
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Larry Dallas Sanders
Individual
Free & Clear · 2 yrs held
Mailing address
717 GRN LN RD, WARFORDSBURG, PA 17267-8733
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2023
—
Larry Dallas Sanders
Angela Mary Sanders
Deed Of Distribution
related
—
Dec 14, 2001
$558,000
Sanders Trust
Maskesimkins Properties LLC
Grant Deed
$283,000 · Citibank Fsb
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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