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Property profile & analytics
OFF-MARKET
Estimated value
$3,975,000
Office buildings
7401 Forbes Blvd, Lanham, MD 20706-2200
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US40-0057365
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
BRICK
Total area
31,091 SF
Lot
2.77 ac (120,661 SF)
Zoning code
IE
APN
14-1675479
UPID
US40-0057365
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
-
Big Brothers Big Sisters Child Welfare Organization Charitable Organization
-
One World Center For Autism Charitable Organization Social Service Agency
-
Dr. Raymond K. Tu, MD Physician
-
Dr. Elizabeth M. Hartman, MD Physician
-
Dr. Krista L. Mcfarren, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.39M
Blend (final)
Blend
$3.98M
Owner & transaction history
7401 Forbes LLC · 9 yrs held
7401 Forbes LLC
since 2016
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.98M
Range $3.58M – $4.37M · ±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
$128 / 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
$27,881
Tax year 2023
Assessed value
$2,507,300
Assessed 2023
Previous assessed
$2,847,700
-12.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,809,900
Assessed improvement
$697,400
Land market value
$1,809,900
Improvement market value
$697,400
Total market value
$2,507,300
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
Off-Market
Year built
1986
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
31,091 SF
Lot
2.77 ac (120,661 SF)
Zoning code
IE
APN
14-1675479
UPID
US40-0057365
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
1986
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2.77 ac
Current owner
From public records · entity-resolved
7401 Forbes LLC
Entity
Mailing address
12740 EMELITA ST, VALLEY VILLAGE, CA 91607-1019
Ownership since
2016
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
Nov 15, 2016
$2,000,000
7401 Forbes LLC
Us Bank NA 2006-cibc14
Grant Deed
$2,000,000 · Silver Oak Capital 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
Nov 25, 1997
—
Praedium II Prince George LLC
—
Deed Of Trust
related
$13,965,000 · Bhf-bank Aktiengesellschaft Tt
Aug 29, 1997
$3,181,550
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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