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Property profile & analytics
OFF-MARKET
Estimated value
$6,435,000
Outlet malls
4511 Mitchellville Rd Bowie, MD 20716-3108
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0361101
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2002
Construction
BRICK
Total area
24,585 SF
Lot
2.36 ac (102,802 SF)
Zoning code
TACE
APN
07-3138716
UPID
US40-0361101
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
-
Michaels (Bike/Boat/Book/etc) Store
-
Aaron Brothers (Bike/Boat/Book/etc) Store Home Decor Store
-
UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.50M
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$6.44M
Owner & transaction history
7070 Design LLC · 2 yrs held
7070 Design LLC
since 2024
5 recorded transactions
Zoning & alternative use
TACE · Bowie, 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 Bowie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bowie 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%
$9,205,000
6.5%
$8,495,000
7%
$7,890,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,255,000
Current use
AUTO REPAIR, GARAGE
$10,190,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$6.44M
Range $5.79M – $7.08M · ±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
$262 / 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
$70,406
Tax year 2023
Assessed value
$5,154,200
Assessed 2023
Previous assessed
$5,854,500
-12.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$3,598,000
Assessed improvement
$1,556,200
Land market value
$3,598,000
Improvement market value
$1,556,200
Total market value
$5,154,200
Applied tax rate
77.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2002
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
24,585 SF
Lot
2.36 ac (102,802 SF)
Zoning code
TACE
APN
07-3138716
UPID
US40-0361101
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
TACE · Bowie, MDZoning TACE · permitted uses
TACE · Bowie, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.3M
AUTO REPAIR, GARAGE
Est. value
$10.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
2002
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2.36 ac
Current owner
From public records · entity-resolved
7070 Design LLC
Entity
Mailing address
4221 WILSHIRE BLVD STE #430, LOS ANGELES, CA 90010-3547
Ownership since
2024
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
Jul 8, 2024
—
7070 Design LLC
7070 Design LLC
Intrafamily Transfer
related
$3,150,000 · Symetra Life Insurance Co
Jul 3, 2014
$5,900,000
7070 Design LLC
B A G Bowie #187 LP
Special Warranty Deed
$3,800,000 · Wells Fargo Bank NA
Oct 7, 2002
$3,600,000
B A G Bowie 187 LP
Bowie Gateway Harbor LLC
Grant Deed
related
$2,520,000 · West Coast Life Insurance Co
Apr 21, 2000
—
Bowie Gateway Harbor LLC
—
Deed Of Trust
related
$3,450,000 · Bank Of America
Jan 22, 1999
$784,000
Bowie Gateway Harbor LLC
Faison-bowie LP
Grant Deed
related
$784,000 · Peoples Bank & Trust
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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