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Property profile & analytics
OFF-MARKET
Estimated value
$34,855,000
Office buildings
6406 Ivy Ln, Greenbelt, MD 20770-1435
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-0124943
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
BRICK
Total area
173,794 SF
Lot
8.87 ac (386,377 SF)
Zoning code
RTOLE
APN
21-3227899
UPID
US40-0124943
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
-
U.S. Attorney's Office Law Firm
-
Betz Financial Advisory Financial Advisor
-
Blink Charging Station Electric Vehicle Charging Station
-
National Asphalt Pavement Association Association / Organization
-
Honeybee Robotics Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$43.57M
Comparable Approach
Comparable
$43.56M
Blend (final)
Blend
$34.86M
Owner & transaction history
Mcm Parkway 6406 Ivy LLC · 4 yrs held
Mcm Parkway 6406 Ivy LLC
since 2021
Last sale
$27.2M
4 recorded transactions
Zoning & alternative use
RTOLE · Greenbelt, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$57.2M
+0.1%
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 Greenbelt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenbelt 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
$33,500,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$47,200,000
6.5%
$43,570,000
7%
$40,455,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$57,210,000
Current use
COMMERCIAL (GENERAL)
$57,245,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$34.86M
Range $31.37M – $38.34M · ±10% · vs last sale $27.20M (Nov 17 2021)
Last sale anchor
$27.20M
Nov 17 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
$201 / 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
$370,160
Tax year 2023
Assessed value
$20,615,967
Assessed 2023
Previous assessed
$19,867,900
+3.8% YoY
Effective rate
1.80%
On assessed value
Land market value
$5,216,000
Improvement market value
$16,644,200
Total market value
$21,860,200
Applied tax rate
74.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
8
Units
1
Total area
173,794 SF
Lot
8.87 ac (386,377 SF)
Zoning code
RTOLE
APN
21-3227899
UPID
US40-0124943
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RTOLE · Greenbelt, MD
Zoning RTOLE · permitted uses
RTOLE · Greenbelt, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenbelt. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$57.2M
COMMERCIAL (GENERAL)
Est. value
$57.2M
OFFICE BUILDING Current
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
1991
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
8
Units
1
Lot
8.87 ac
Current owner
From public records · entity-resolved
Mcm Parkway 6406 Ivy LLC
Entity
Free & Clear · 4 yrs held
Mailing address
301 E YAMATO RD STE #4160, BOCA RATON, FL 33431-4933
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2021
$27,197,991
Mcm Parkway 6406 Ivy LLC
Mcm 6406 Ivy LLC
Special Warranty Deed
—
Mar 16, 2017
$13,256,431
Mcm 6406 Ivy LLC
Fourteenth Springhill Lake Ass
Grant Deed
—
Mar 16, 2017
—
Mcm 6301 Ivy LLC
—
Grant Deed
related
$49,000,000 · Delphi Cre Fndg
Feb 24, 2006
$10
Fourteenth Springhill Lake Assoc
Fourteenth Springhill Lake Lllp
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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