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Property profile & analytics
OFF-MARKET
Estimated value
$4,143,215,000
Apartment buildings
5501 45th Ave Hyattsville, MD 20781-1583
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-1564407
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2013
Total area
219,525 SF
Lot
1.85 ac (80,586 SF)
Zoning code
NAC
APN
16-5509531
UPID
US40-1564407
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
-
Palette at Arts District Apartment Complex
-
Brown Eyes Enterprises Marketing & Advertising Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.14B
Owner & transaction history
Palette Gardens LP · 6 yrs held
Palette Gardens LP
since 2019
3 recorded transactions
Zoning & alternative use
NAC · Hyattsville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purposes of the Neighborhood Activity Center (NAC) Zone are to provide lands for lower density, small scale, mixed use centers that are attractive to employers and employees, are well connected to transit, and serve the surrounding neighborhood, to provide a mix of uses that serve local neighborhood needs.
Zone name
Neighborhood Activity Center Zone
General category
MIXED_USE
Zone area
99.74 ac
Source
Realmo
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 Hyattsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hyattsville 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
$18,874 / 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
$381,845
Tax year 2023
Assessed value
$23,970,200
Assessed 2023
Previous assessed
$23,970,200
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$2,014,600
Assessed improvement
$21,955,600
Land market value
$2,014,600
Improvement market value
$21,955,600
Total market value
$23,970,200
Applied tax rate
88.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2013
Heating
YES
Cooling
YES
Buildings
2
Stories
5
Units
169
Total area
219,525 SF
Lot
1.85 ac (80,586 SF)
Zoning code
NAC
APN
16-5509531
UPID
US40-1564407
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
NAC · Hyattsville, MDZoning NAC · permitted uses
NAC · Hyattsville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purposes of the Neighborhood Activity Center (NAC) Zone are to provide lands for lower density, small scale, mixed use centers that are attractive to employers and employees, are well connected to transit, and serve the surrounding neighborhood, to provide a mix of uses that serve local neighborhood needs.
Zone name
Neighborhood Activity Center Zone
General category
MIXED_USE
Zone area
99.74 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2013
Heating
YES
Cooling
Yes
Stories
5
Buildings
2
Units
169
Lot
1.85 ac
Current owner
From public records · entity-resolved
Palette Gardens LP
Entity
Mailing address
999 WATERSIDE DR STE #2300, NORFOLK, VA 23510-3324
Ownership since
2019
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
Oct 30, 2019
$58,850,000
Palette Gardens LP
Hyattsville Residl Hldgs LLC
Grant Deed
$45,900,000 · Jones Lang Lasalle Multifamily
Dec 21, 2011
$4,078,000
Hyattsville Residential Holdings Ll
Lh Apartment LLC
Special Warranty Deed
—
—
—
Residential Holdin Hyattsville
—
Deed Of Trust
related
$32,725,000 · Midland National Life Ins
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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