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Property profile & analytics
FOR LEASE
Warehouses
4720 Boston Way Lanham, MD 20706
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-2353570
For Lease
1 / 4
Contact for pricing
4720 Boston Way, Lanham, MD 20706
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
BRICK
Total area
65,054 SF
Lot
5.05 ac (220,175 SF)
Zoning code
IH
APN
20-2183291
UPID
US40-2353570
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
-
Pro Kitchen & Bath Hardware & Home Improvement Furniture & Home Goods
-
American Expediting Courier Service Postal Service
-
Action Delivery Logistic Services Trucking Company
-
Midas Shipping & Freight Freight Service Logistics Company
-
Ford AV - Washington, DC IT Consulting Firm Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Obl Md Boston Way & Mlk LLC · 4 yrs held
Obl Md Boston Way & Mlk LLC
since 2022
Last sale
$48.8M
4 recorded transactions
Zoning & alternative use
IH · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$61,952
Tax year 2023
Assessed value
$5,571,200
Assessed 2023
Previous assessed
$5,320,067
+4.7% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,981,500
Assessed improvement
$3,589,700
Land market value
$1,981,500
Improvement market value
$3,589,700
Total market value
$5,571,200
Applied tax rate
20.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1979
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
65,054 SF
Lot
5.05 ac (220,175 SF)
Zoning code
IH
APN
20-2183291
UPID
US40-2353570
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IH · Lanham, MD
Zoning IH · permitted uses
IH · 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
1979
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
5.05 ac
Current owner
From public records · entity-resolved
Obl Md Boston Way & Mlk LLC
Entity
Free & Clear · 4 yrs held
Mailing address
116 HUNTINGTON AVE STE #601, BOSTON, MA 02116-5749
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2022
$48,800,000
Obl Md Boston Way & Mlk LLC
Lrf1 Dc Logistics 1 LLC
Special Warranty Deed
—
Apr 4, 2018
—
Lrf1 Dc Logistics LLC
First Indl LP
Quit Claim Deed
related
—
Apr 4, 2018
$30,000,000
Lrf1 Dc Logistics 1 LLC
First Industrial LP
Special Warranty Deed
—
Feb 27, 2004
$18,445,000
Fr Southgate Washington LLC
Southgate At Washington Business
Grant Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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