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Property profile & analytics
OFF-MARKET
Estimated value
$3,995,000
Distribution centers
4721 Boston Way Lanham, MD 20706-4307
Individually Owned
8-yr Hold
Free & Clear
Property ID
US40-1199194
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Construction
BRICK
Total area
26,886 SF
Lot
1.36 ac (59,297 SF)
Zoning code
IH
APN
20-2183283
UPID
US40-1199194
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
-
PCRetro.com Electronics & Wireless Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.00M
Owner & transaction history
Francis L Greenfield Laborers · 8 yrs held
Francis L Greenfield Laborers
since 2017
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
$149 / 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
$24,959
Tax year 2023
Assessed value
$2,244,500
Assessed 2023
Previous assessed
$2,226,733
+0.8% YoY
Effective rate
1.11%
On assessed value
Assessed land
$533,600
Assessed improvement
$1,710,900
Land market value
$533,600
Improvement market value
$1,710,900
Total market value
$2,244,500
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1979
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
26,886 SF
Lot
1.36 ac (59,297 SF)
Zoning code
IH
APN
20-2183283
UPID
US40-1199194
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
1.36 ac
Current owner
From public records · entity-resolved
Francis L Greenfield Laborers
Individual
Free & Clear · 8 yrs held
Mailing address
3200 WILKENS AVE, BALTIMORE, MD 21229-4226
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Dec 7, 2017
$2,800,000
Francis L Greenfield Laborers
Crack LLC
Grant Deed
—
Aug 22, 2012
$2,159,250
Crack LLC
Jaret Properties LLC
Deed
$1,079,625 · Manufacturers & Traders Trust Co
Oct 1, 2007
—
Jaret Properties LLC
Jaret,frank M & Janet T
Quit Claim Deed
related
—
Oct 21, 2004
—
Jaret Janet T Trust
Jaret,janet T
Quit Claim 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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