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Property profile & analytics
OFF-MARKET
Estimated value
$17,550,000
Medical Office Space
5400 Hillmeade Rd, Bowie, MD 20720-4777
Individually Owned
9-yr Hold
Free & Clear
Property ID
US40-0051145
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Total area
47,132 SF
Lot
3.53 ac (153,767 SF)
Zoning code
LMXC
APN
07-3759677
UPID
US40-0051145
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
-
Shanda Smith, MD | Kaiser Permanente Physician
-
William Edwin Towne M.D. | Kaiser Permanente Pediatrician Physician
-
Radiology | Kaiser Permanente Bowie Fairwood Medical Center Physician Medical Clinic
-
Laboratory | Kaiser Permanente Bowie Fairwood Medical Center Laboratory
-
Pharmacy | Kaiser Permanente Bowie Fairwood Medical Center Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.23M
Blend (final)
Blend
$17.55M
Owner & transaction history
Kaiser Foun Health Plan Of · 9 yrs held
Kaiser Foun Health Plan Of
since 2017
3 recorded transactions
Zoning & alternative use
LMXC · Bowie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$29.2M
+104.3%
Retail stores
$19.7M
+37.5%
Auto repair, garage
$19.5M
+36.7%
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 Bowie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bowie 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$14,295,000
Current use
RESTAURANT
$29,205,000
Change: +104% · Conversion: Difficult
RETAIL STORES
$19,660,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,540,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,490,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$17.55M
Range $15.80M – $19.31M · ±10%
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
$372 / 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
$193,393
Tax year 2023
Assessed value
$17,391,433
Assessed 2023
Previous assessed
$16,708,400
+4.1% YoY
Effective rate
1.11%
On assessed value
Land market value
$4,305,400
Improvement market value
$14,452,100
Total market value
$18,757,500
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
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2021
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
47,132 SF
Lot
3.53 ac (153,767 SF)
Zoning code
LMXC
APN
07-3759677
UPID
US40-0051145
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LMXC · Bowie, MD
Zoning LMXC · permitted uses
LMXC · Bowie, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bowie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$14.3M
RESTAURANT
Est. value
$29.2M
RETAIL STORES
Est. value
$19.7M
AUTO REPAIR, GARAGE
Est. value
$19.5M
COMMERCIAL (GENERAL)
Est. value
$15.5M
MEDICAL BUILDING 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
2021
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
3.53 ac
Current owner
From public records · entity-resolved
Kaiser Foun Health Plan Of
Individual
Free & Clear · 9 yrs held
Mailing address
5400 HILLMEADE RD, BOWIE, MD 20720-4777
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2017
$500,000
Kaiser Foun Health Plan Of
Fairwood Commercial Dev LP
Grant Deed
—
May 12, 2017
$2,900,000
Kaiser Foun Health Plan Of
Fairwood Office LLC
Grant Deed
—
Sep 13, 2006
$1,379,730
Fairwood Office LLC
Rouse-fairwood Dev
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.
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