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Property profile & analytics
OFF-MARKET
Estimated value
$32,645,000
Warehouses
529 Commerce Dr Upper Marlboro, MD 20774-7434
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-1480453
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
BRICK
Total area
378,068 SF
Lot
24.35 ac (1,060,686 SF)
Zoning code
LCD
APN
07-0798686
UPID
US40-1480453
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
by Request
Blend (final)
Blend
$32.65M
Owner & transaction history
Leonie Logistics Dc Assets LLC · 1 yrs held
Leonie Logistics Dc Assets LLC
since 2025
7 recorded transactions
Zoning & alternative use
LCD · Upper Marlboro, 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 Upper Marlboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Upper Marlboro 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
$86 / 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
$270,630
Tax year 2023
Assessed value
$24,337,267
Assessed 2023
Previous assessed
$23,285,500
+4.5% YoY
Effective rate
1.11%
On assessed value
Land market value
$7,955,100
Improvement market value
$18,485,700
Total market value
$26,440,800
Applied tax rate
7.0000
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
1989
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
378,068 SF
Lot
24.35 ac (1,060,686 SF)
Zoning code
LCD
APN
07-0798686
UPID
US40-1480453
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LCD · Upper Marlboro, MD
Zoning LCD · permitted uses
LCD · Upper Marlboro, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Upper Marlboro. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
24.35 ac
Current owner
From public records · entity-resolved
Leonie Logistics Dc Assets LLC
Entity
Mailing address
13155 NOEL RD STE #100, DALLAS, TX 75240-5050
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
—
Leonie Logistics Dc Assets LLC
—
Deed
related
$67,000,000 · Manufacturers & Traders Trust Co
Jan 21, 2025
—
Leonie Logistics Dc Assets LLC
Anson Logistics Assets LLC
Special Warranty Deed
—
Apr 15, 2024
—
Anson Logistics Assets LLC
—
Deed
related
$850,000,000 · Standard Chartered Bank
Apr 19, 2019
—
Anson Logistics Assets LLC
—
Deed
related
$270,000,000 · Miscellaneous Ins Co
Apr 30, 2018
$42,900,000
Anson Logistics Assets LLC
Exeter 529 Commerce LLC
Grant Deed
—
Oct 20, 2016
—
Exeter 529 Commerce LLC
—
Deed
related
$108,400,000 · Wells Fargo Bank NA
—
—
Anson Logistics Assets LLC
—
Deed Of Trust
related
$270,000,000 · Miscellaneous Ins Co
—
—
Exeter 529 Commerce LLC
—
Deed Of Trust
related
$131,400,000 · Bank Of America
—
—
Mgp Collington Operating II
—
Deed Of Trust
related
$36,000,000 · General Electric Capital Corp
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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