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Property profile & analytics
OFF-MARKET
Estimated value
$3,130,000
Retail space
46350 Lexington Vlg Way 1, Lexington Park, MD 20653-5541
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1848097
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,000 SF
Lot
1.82 ac (79,279 SF)
Zoning code
CMX
APN
08-178879
UPID
US40-1848097
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
$3.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$3.13M
Owner & transaction history
Emerge Realty 1 LLC · 3 yrs held
Emerge Realty 1 LLC
since 2023
Last sale
$3.7M
6 recorded transactions
Zoning & alternative use
CMX · Lexington 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 Lexington Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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
$3,200,000
ML approach
$3,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.13M
Range $2.82M – $3.44M · ±10% · vs last sale $3.72M (Feb 6 2023)
Last sale anchor
$3.72M
Feb 6 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
$626 / 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
$37,147
Tax year 2023
Assessed value
$3,515,000
Assessed 2023
Previous assessed
$3,188,133
+10.3% YoY
Effective rate
1.06%
On assessed value
Assessed land
$749,800
Assessed improvement
$2,765,200
Land market value
$749,800
Improvement market value
$2,765,200
Total market value
$3,515,000
Applied tax rate
8.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
2
Total area
5,000 SF
Lot
1.82 ac (79,279 SF)
Zoning code
CMX
APN
08-178879
UPID
US40-1848097
Jurisdiction
ST MARY'S
Zoning & alternative use
CMX · Lexington Park, MD
Zoning CMX · permitted uses
CMX · Lexington Park, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
2
Lot
1.82 ac
Current owner
From public records · entity-resolved
Emerge Realty 1 LLC
Entity
Mailing address
12832 ROSE GRV DR, HERNDON, VA 20171-1760
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2023
$3,720,000
Emerge Realty 1 LLC
Mpi Lv Somar LLC
Deed
$2,575,000 · Apple FCU
Nov 9, 2020
—
Sonic Lexington Park LLC
—
Deed
related
$385,000 · Business Finance Group INC
Sep 4, 2020
—
Sonic Lexington Park LLC
—
Deed
related
$465,000 · Firstrust Bank
Jul 24, 2020
—
Mpi-lv-somar LLC
—
Deed
related
$2,520,000 · Borrower's Ln Protection
—
—
Mpi-lv-somar LLC
—
Deed Of Trust
related
$2,520,000 · Borrower's Ln Protection
—
—
Business Finance Group INC
—
Deed Of Trust
related
$465,000 · Firstrust Bk
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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