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Property profile & analytics
OFF-MARKET
Estimated value
$18,660,000
Warehouses
7618 Marlboro Pike, District Heights, MD 20747-4348
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-1120919
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Total area
36,036 SF
Lot
2.52 ac (109,597 SF)
Zoning code
CGO
APN
06-0460238
UPID
US40-1120919
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.98M
Blend (final)
Blend
$18.66M
Owner & transaction history
District Heights Dev LLC · 3 yrs held
District Heights Dev LLC
since 2022
Last sale
$18.2M
4 recorded transactions
Zoning & alternative use
CGO · District Heights, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$28.1M
+178.8%
Industrial (general)
$23.8M
+137.0%
Restaurant
$22.3M
+121.9%
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 District Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs District Heights 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
$22,355,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$28,055,000
Change: +179% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$23,845,000
Change: +137% · Conversion: Easy
RESTAURANT
$22,330,000
Change: +122% · Conversion: Difficult
RETAIL STORES
$15,030,000
Change: +49% · Conversion: Moderate
AUTO REPAIR, GARAGE
$14,940,000
Change: +48% · Conversion: Easy
COMMERCIAL (GENERAL)
$11,870,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$18.66M
Range $16.79M – $20.53M · ±10% · vs last sale $18.15M (Jun 29 2021)
Last sale anchor
$18.15M
Jun 29 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
$518 / 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
$32,905
Tax year 2023
Assessed value
$7,387,667
Assessed 2024
Previous assessed
$7,387,667
+0.0% YoY
Effective rate
0.45%
On assessed value
Land market value
$1,643,900
Improvement market value
$14,600,900
Total market value
$16,244,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Stories
3
Units
880
Total area
36,036 SF
Lot
2.52 ac (109,597 SF)
Zoning code
CGO
APN
06-0460238
UPID
US40-1120919
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CGO · District Heights, MD
Zoning CGO · permitted uses
CGO · District Heights, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
District Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$28.1M
INDUSTRIAL (GENERAL)
Est. value
$23.8M
RESTAURANT
Est. value
$22.3M
RETAIL STORES
Est. value
$15.0M
AUTO REPAIR, GARAGE
Est. value
$14.9M
COMMERCIAL (GENERAL)
Est. value
$11.9M
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2022
Heating
FORCED AIR
Stories
3
Units
880
Lot
2.52 ac
Current owner
From public records · entity-resolved
District Heights Dev LLC
Entity
Free & Clear · 3 yrs held
Mailing address
6890 S 2300TH E, SALT LAKE CITY, UT 84171-6001
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2022
$570,000
District Heights Dev LLC
7618 Marlboro Properties LLC
Deed
—
Jun 29, 2021
$18,150,000
Ess Storage Acquisition Fifty Two L
7618 Marlboro Properties LLC
Deed
—
Aug 3, 2018
—
7618 Marlboro Properties LLC
—
Trustees Deed
related
$9,375,000 · Eagle Bk
Jun 11, 2018
$950,000
7618 Marlboro Properties LLC
Shree Rama Corp
Grant Deed
$950,000 · 7618 Marlboro Holdings LLC
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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