Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$33,250,000
Warehouses
5201 Forbes Blvd Lanham, MD 20706-1848
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-0741889
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Total area
88,440 SF
Lot
1.54 ac (67,174 SF)
Zoning code
IE
APN
20-2263101
UPID
US40-0741889
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.54M
Blend (final)
Blend
$33.25M
Owner & transaction history
Ps Atlantic Coast 2021 B LLC · 5 yrs held
Ps Atlantic Coast 2021 B LLC
since 2021
Last sale
$34.8M
5 recorded transactions
Zoning & alternative use
IE · Lanham, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$54.8M
+121.9%
Retail stores
$36.9M
+49.4%
Auto repair, garage
$36.7M
+48.5%
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
Method
Estimation
Statistic approach
$42,875,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$24,695,000
Current use
RESTAURANT
$54,805,000
Change: +122% · Conversion: Difficult
RETAIL STORES
$36,885,000
Change: +49% · Conversion: Moderate
AUTO REPAIR, GARAGE
$36,660,000
Change: +48% · Conversion: Easy
COMMERCIAL (GENERAL)
$27,645,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$33.25M
Range $29.93M – $36.58M · ±10% · vs last sale $34.81M (May 6 2021)
Last sale anchor
$34.81M
May 6 2021
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
$376 / 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
$149,993
Tax year 2023
Assessed value
$13,488,600
Assessed 2023
Previous assessed
$12,767,067
+5.7% YoY
Effective rate
1.11%
On assessed value
Assessed land
$604,500
Assessed improvement
$12,884,100
Land market value
$604,500
Improvement market value
$12,884,100
Total market value
$13,488,600
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
3
Units
1006
Total area
88,440 SF
Lot
1.54 ac (67,174 SF)
Zoning code
IE
APN
20-2263101
UPID
US40-0741889
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Lanham, MD
Zoning IE · permitted uses
IE · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$24.7M
RESTAURANT
Est. value
$54.8M
RETAIL STORES
Est. value
$36.9M
AUTO REPAIR, GARAGE
Est. value
$36.7M
COMMERCIAL (GENERAL)
Est. value
$27.6M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1006
Lot
1.54 ac
Current owner
From public records · entity-resolved
Ps Atlantic Coast 2021 B LLC
Entity
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2021
$34,811,026
Ps Atlantic Coast 2021 B LLC
Lanham Land Lllp
Special Warranty Deed
—
Jun 13, 2003
$671,740
Lanham Land Lllp
Wbp Undeveloped Lands LLC
Grant Deed
$671,740 · Mercantile-safe Deposit & Trus
Nov 28, 2001
$8,700,000
Asp Washington Development LLC
—
Grant Deed
related
—
Nov 25, 1998
$990,000
Asp Washington Development LLC
Washington Business Park Assoc
Grant Deed
related
—
—
—
Lanham Land LLP
—
Deed Of Trust
related
$14,710,000 · Miscellaneous Ins Co
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?”
You own 5201 Forbes Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
