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Property profile & analytics
OFF-MARKET
Estimated value
$2,195,000
Warehouses
50 Ritchie Rd, Capitol Heights, MD 20743-3607
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-2353712
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1952
Construction
BRICK
Total area
10,200 SF
Lot
0.85 ac (37,237 SF)
Zoning code
LTOE
APN
13-1528181
UPID
US40-2353712
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
-
Deming Enterprises Construction Company General Contractor
-
VCI LOGISTICS SERVICES INC. Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.36M
CAP Approach
CAP
$3.02M
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$2.20M
Owner & transaction history
Zhu Family LLC · 4 yrs held
Zhu Family LLC
since 2022
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
LTOE · Capitol Heights, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.1M
+26.3%
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 Capitol Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Capitol Heights 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
$2,445,000
ML approach
$2,360,000
CAP Approach
CAP Return
Estimation
6%
$3,275,000
6.5%
$3,020,000
7%
$2,805,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,450,000
Current use
MEDICAL BUILDING
$3,095,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$2.20M
Range $1.98M – $2.41M · ±10% · vs last sale $2.08M (Feb 23 2022)
Last sale anchor
$2.08M
Feb 23 2022
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
$215 / 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
$9,713
Tax year 2023
Assessed value
$873,500
Assessed 2023
Previous assessed
$856,833
+1.9% YoY
Effective rate
1.11%
On assessed value
Assessed land
$372,300
Assessed improvement
$501,200
Land market value
$372,300
Improvement market value
$501,200
Total market value
$873,500
Applied tax rate
13.0000
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
Off-Market
Year built
1952
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
10,200 SF
Lot
0.85 ac (37,237 SF)
Zoning code
LTOE
APN
13-1528181
UPID
US40-2353712
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LTOE · Capitol Heights, MD
Zoning LTOE · permitted uses
LTOE · Capitol Heights, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Capitol Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$3.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
1952
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Zhu Family LLC
Entity
Mailing address
4640 MUNCASTER ML RD, ROCKVILLE, MD 20853-1437
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
$2,080,000
Zhu Family LLC
50 Ritchie Road LLC
Deed
$1,600,000 · L&c Associates V
Aug 19, 2014
$850,000
50 Ritchie Road LLC
Billy Ray Lewis LLC
Deed
$693,600 · First Citizens Bank & Trust Co
Mar 19, 2004
$292,000
Billy Ray-lewis LLC
Dynaquest INC
Grant Deed
$325,000 · Capital Bank NA
May 11, 2000
$440,000
Dynaquest INC
Roberts,emily E
Grant Deed
$250,000 · Mellon Bank
—
—
Billy Ray-lewis LLC
—
Deed Of Trust
related
$600,000 · Greenpoint Mortgage Funding
—
—
Billy Ray-lewis LLC
—
Deed Of Trust
related
$680,000 · Washingtonfirst Bank
—
—
Dynaquest INC
—
Deed Of Trust
related
$350,000 · Harbor Capital National Bank
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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