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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Individual retail properties
6511 Princess Gdn Pkwy, Lanham, MD 20706-3523
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-1734395
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,624 SF
Lot
1.38 ac (60,113 SF)
Zoning code
RSF95
APN
20-2275477
UPID
US40-1734395
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
-
Smith Brian P Gym & Fitness Center
-
Eternal Kingdom Power Global Church Ministries Inc. Church Mosque
-
Miles Hall Business Service Center Corporate Office
-
3D Design Rendering Drawings by Artist Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Washington Education Zone Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$720k
Owner & transaction history
Washington Education Zone LLC · 8 yrs held
Washington Education Zone LLC
since 2017
6 recorded transactions
Zoning & alternative use
RSF95 · Lanham, 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 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
by Request
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$32 / 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
$23,543
Tax year 2023
Assessed value
$2,117,200
Assessed 2023
Previous assessed
$2,072,733
+2.1% YoY
Effective rate
1.11%
On assessed value
Assessed land
$110,400
Assessed improvement
$2,006,800
Land market value
$110,400
Improvement market value
$2,006,800
Total market value
$2,117,200
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
2
Total area
22,624 SF
Lot
1.38 ac (60,113 SF)
Zoning code
RSF95
APN
20-2275477
UPID
US40-1734395
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RSF95 · Lanham, MD
Zoning RSF95 · permitted uses
RSF95 · 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.
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
1.38 ac
Current owner
From public records · entity-resolved
Washington Education Zone LLC
Entity
Mailing address
6511 PRINCESS GDN PKWY, LANHAM, MD 20706-3523
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2017
$16,500,000
Washington Education Zone LLC
Learning Hub LLC
Trustees Deed
$12,375,000 · Wez Lender LLC
Jan 16, 2015
$11,850,000
International Learning Hub LLC
Washington Bible College
Grant Deed
—
Oct 23, 2006
—
Washington Bible College
—
Trustees Deed
related
$400,000 · James Monroe Bank
—
—
Washington Bible College
—
Deed Of Trust
related
$2,300,000 · James Monroe Bank
—
—
Washington Bible College
—
Deed Of Trust
related
$1,242,000 · Suburban Bank Maryland
—
—
Washington Bible College
—
Deed Of Trust
related
$53,500 · Pnc Bank
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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