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Property profile & analytics
FOR LEASE
Office buildings
7375 Executive Pl, Lanham, MD 20706
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-2323967
For Lease
1 / 2
$18 SF/Yr
7375 Executive Pl, Lanham, MD 20706
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
BRICK
Total area
66,678 SF
Lot
3.45 ac (150,126 SF)
Zoning code
IE
APN
14-1675495
UPID
US40-2323967
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
-
Lockheed Martin Corporate Office Factory
-
General Dynamics Corporation Construction Company General Contractor
-
CloudElite Information Services
-
B&M Insurance Group Insurance Agency
-
B.Haven Wellness Studio Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.09M
Blend (final)
Blend
$8.62M
Owner & transaction history
7375 Executive Place Owner LLC · 4 yrs held
7375 Executive Place Owner LLC
since 2022
Last sale
$7.7M
7 recorded transactions
Zoning & alternative use
IE · 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
$9,020,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.62M
Range $7.75M – $9.48M · ±10% · vs last sale $7.68M (May 26 2022)
Last sale anchor
$7.68M
May 26 2022
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
$129 / 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
$51,768
Tax year 2023
Assessed value
$4,655,367
Assessed 2023
Previous assessed
$3,774,600
+23.3% YoY
Effective rate
1.11%
On assessed value
Land market value
$2,246,200
Improvement market value
$4,170,700
Total market value
$6,416,900
Applied tax rate
14.0000
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
For Lease
Year built
1988
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
1
Total area
66,678 SF
Lot
3.45 ac (150,126 SF)
Zoning code
IE
APN
14-1675495
UPID
US40-2323967
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Lanham, MD
Zoning IE · permitted uses
IE · 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
1988
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
1
Lot
3.45 ac
Current owner
From public records · entity-resolved
7375 Executive Place Owner LLC
Entity
Mailing address
1 STONE CHAPEL LN, PIKESVILLE, MD 21208-1204
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
$7,675,000
7375 Executive Place Owner LLC
22 Ls LLC
Special Warranty Deed
$5,655,000 · Standard Insurance Co
May 26, 2022
—
Standard Insurance Company
7375 Executive Place Owner LLC
Assignment Of Lease (leasehold Sale)
—
Apr 20, 2020
$8,075,000
22 Ls LLC
Melrose Holdings LLC
Special Warranty Deed
$6,056,250 · Revere Bank
Nov 15, 2016
$5,300,000
Melrose Holdings LLC
Us Bank Series 2006-cibc14
Trustees Deed
related
$1,127,134 · 7375 Executive Place LLC
Dec 9, 2015
$7,400,000
Us Bank NA Series 2006-cibc14 Tr
Mccormack Timothy F
Trustees Deed
related
—
Sep 6, 2005
$30,600,000
Holdings A LP
Ag Of Corporate Center LLC
Grant Deed
related
—
Feb 11, 2003
$19,900,000
Ag/corporate Center LLC
Praedium II Prince George LLC
Grant Deed
$17,120,000 · Salomon Brothers Realty Corp
Aug 29, 1997
$6,057,750
Praedium II Prince George LLC
Maryland Corporate Ctr Assoc L
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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