New search
Property profile & analytics
FOR LEASE
Community centers
7351 Assateague Dr, Jessup, MD 20794
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1441509
For Lease
1 / 3
$34,050,000
7351 Assateague Dr, Jessup, MD 20794
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
157,672 SF
Lot
14.16 ac (616,810 SF)
Zoning code
B2
APN
06-467695
UPID
US40-1441509
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
-
Panda Express Restaurant
-
Dale McGee Sherri J DDS Dental Office
-
Robert MCcane Immigration Attorneys Law Firm
-
Hair Expressions Hair Salon Nail Salon
-
Enterprise Rent-A-Car Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$34.05M
Owner & transaction history
Triple Bar Columbia Marketplace LLC · 4 yrs held
Triple Bar Columbia Marketplace LLC
since 2021
Last sale
$38.8M
1 recorded transaction
Zoning & alternative use
B2 · Jessup, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$24.1M
+624.6%
Office building
$20.5M
+516.0%
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 Jessup submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jessup 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
$30,585,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$30,460,000
6.5%
$28,120,000
7%
$26,110,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$24,120,000
Change: +625% · Conversion: Difficult
OFFICE BUILDING
$20,505,000
Change: +516% · Conversion: Moderate
Blend value · Realmo final
$34.05M
Range $30.65M – $37.46M · ±10% · vs last sale $38.75M (Sep 14 2021)
Last sale anchor
$38.75M
Sep 14 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
$216 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$287,995
Tax year 2022
Assessed value
$29,517,633
Assessed 2023
Previous assessed
$25,576,800
+15.4% YoY
Effective rate
0.98%
On assessed value
Land market value
$5,551,200
Improvement market value
$31,848,100
Total market value
$37,399,300
Applied tax rate
6.0000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
3
Total area
157,672 SF
Lot
14.16 ac (616,810 SF)
Zoning code
B2
APN
06-467695
UPID
US40-1441509
Jurisdiction
HOWARD
Zoning & alternative use
B2 · Jessup, MD
Zoning B2 · permitted uses
B2 · Jessup, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jessup. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$24.1M
OFFICE BUILDING
Est. value
$20.5M
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
14.16 ac
Current owner
From public records · entity-resolved
Triple Bar Columbia Marketplace LLC
Entity
Mailing address
224 SAINT CHARLES WAY STE #290, YORK, PA 17402-4667
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2021
$38,750,000
Triple Bar Columbia Marketplace LLC
Eastgate LLC
Special Warranty Deed
$26,830,000 · Barclays Capital Real Estate INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
