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Property profile & analytics
OFF-MARKET
Estimated value
$91,040,000
Office buildings
7651 Montpelier Rd, Laurel, MD 20723-6016
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US40-2269092
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
253,974 SF
Lot
12 ac (522,720 SF)
Zoning code
PEC
APN
05-428238
UPID
US40-2269092
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
-
JHU/APL MP6 Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$102.74M
Blend (final)
Blend
$91.04M
Owner & transaction history
Montpelier III LLC · 19 yrs held
Montpelier III LLC
since 2006
3 recorded transactions
Zoning & alternative use
PEC · Laurel, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$93.6M
+25.1%
Retail stores
$75.8M
+1.3%
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 Laurel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laurel 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
Alternative Use
Use
Estimation
OFFICE BUILDING
$74,815,000
Current use
AUTO REPAIR, GARAGE
$93,605,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$75,820,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$91.04M
Range $81.94M – $100.14M · ±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
$358 / 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
$610,630
Tax year 2022
Assessed value
$54,235,133
Assessed 2023
Previous assessed
$54,235,133
+0.0% YoY
Effective rate
1.13%
On assessed value
Land market value
$7,840,800
Improvement market value
$46,404,600
Total market value
$54,245,400
Applied tax rate
5.0000
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
2007
Heating
YES
Cooling
YES
Stories
6
Units
1
Total area
253,974 SF
Lot
12 ac (522,720 SF)
Zoning code
PEC
APN
05-428238
UPID
US40-2269092
Jurisdiction
HOWARD
Zoning & alternative use
PEC · Laurel, MD
Zoning PEC · permitted uses
PEC · Laurel, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Laurel. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$74.8M
AUTO REPAIR, GARAGE
Est. value
$93.6M
RETAIL STORES
Est. value
$75.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
2007
Heating
YES
Cooling
Yes
Stories
6
Units
1
Lot
12 ac
Current owner
From public records · entity-resolved
Montpelier III LLC
Entity
Mailing address
7651 MONTPELIER RD, LAUREL, MD 20723-6016
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2006
$4,202,100
Montpelier III LLC
Hopkins Road
Deed Of Trust
related
$45,614,000 · Lasalle National Bank
—
—
Belmontpelier LLC
—
Deed Of Trust
related
$47,500,000 · Teachers Insurance & Annuity
—
—
Montpelier III LLC
—
Deed Of Trust
related
$47,500,000 · Teachers Insurance & Annuity
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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