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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Office buildings
46940 Shangri La Dr Lexington Park, MD 20653-1037
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-1026898
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,502 SF
Lot
0.65 ac (28,325 SF)
Zoning code
DMX
APN
08-010072
UPID
US40-1026898
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$925k
Owner & transaction history
Mhi Holdings LLC · 7 yrs held
Mhi Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
DMX · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±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
$109 / 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
$6,677
Tax year 2023
Assessed value
$631,800
Assessed 2023
Previous assessed
$629,133
+0.4% YoY
Effective rate
1.06%
On assessed value
Assessed land
$91,400
Assessed improvement
$540,400
Land market value
$91,400
Improvement market value
$540,400
Total market value
$631,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
2
Total area
8,502 SF
Lot
0.65 ac (28,325 SF)
Zoning code
DMX
APN
08-010072
UPID
US40-1026898
Jurisdiction
ST MARY'S
Zoning & alternative use
DMX · Lexington Park, MD
Zoning DMX · permitted uses
DMX · 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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
Mhi Holdings LLC
Entity
Mailing address
PO BOX 1418, EDGEWATER, MD 21037-7418
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2022
—
Mhi Holdings LLC
—
Deed
related
$1,000,000 · Wesbanco Bank INC
Nov 9, 2018
$618,000
Mhi Holdings LLC
Earley Properties LLC
Deed
$650,000 · Old Line Bank
Mar 22, 2016
$575,000
Earley Properties LLC
St Marys County Community Developme
Deed
$431,250 · Old Line Bank
Aug 6, 2014
—
St Marys County Community Dev
St Marys County Community Dev
Quit Claim Deed
related
—
Feb 26, 2007
—
St Marys County Community Dev
Gabrelcik,robert F
Grant Deed
related
—
Aug 24, 2005
$124,145
Bay District Volunteer Fire Dept
Rfg & F Ptshp
Grant Deed
related
$7,500,000 · Mercantile Southern Md Bank
—
—
St Marys Cnty Cmnty Dev Corp
—
Deed Of Trust
related
$275,000 · Maryland Bank & Trust Co NA
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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