New search
Property profile & analytics
OFF-MARKET
Estimated value
$98,935,000
Apartment buildings
7800 Contee Rd, Laurel, MD 20707-9214
Entity Owned
5-yr Hold
Property ID
US40-2094370
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2008
Total area
115,397 SF
Lot
10.69 ac (465,656 SF)
Zoning code
LAUR
APN
10-3742210
UPID
US40-2094370
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
-
AKylene Designs Interior Design Home Decor Store
-
Maryland Graphic Design Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$98.94M
Owner & transaction history
Contee Crossing Apartment Owner LLC · 5 yrs held
Contee Crossing Apartment Owner LLC
since 2021
Last sale
$135.7M
7 recorded transactions
Zoning & alternative use
LAUR · Laurel, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$857 / 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
$1,646,000
Tax year 2023
Assessed value
$99,818,067
Assessed 2023
Previous assessed
$99,818,067
+0.0% YoY
Effective rate
1.65%
On assessed value
Land market value
$13,969,600
Improvement market value
$106,836,400
Total market value
$120,806,000
Applied tax rate
90.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2008
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
7
Stories
4
Units
451
Total area
115,397 SF
Lot
10.69 ac (465,656 SF)
Zoning code
LAUR
APN
10-3742210
UPID
US40-2094370
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LAUR · Laurel, MD
Zoning LAUR · permitted uses
LAUR · 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.
Building & site characteristics
From public records
Year built
2008
Heating
PACKAGE
Cooling
Yes
Stories
4
Buildings
7
Units
451
Lot
10.69 ac
Current owner
From public records · entity-resolved
Contee Crossing Apartment Owner LLC
Entity
Mailing address
100 OLIVER ST #1840, BOSTON, MA 02110
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
$135,650,000
Contee Crossing Apartment Owner LLC
Windsor At Contee Crossing LLC
Special Warranty Deed
$80,493,333 · Walker & Dunlop LLC
Jul 22, 2011
$98,300,000
Windsor At Contee Crossing LLC
Westchester At Contee Crossing LP
Special Warranty Deed
$44,235,000 · Wells Fargo Bank NA
Jul 23, 2008
—
Tishman Speyer Archstone-smith
—
Deed Of Trust
related
$66,366,540 · Teachers Insurance & Annuity
Nov 2, 2007
$59,100,000
Tishman Speyer Archstone-smith
Ameriton Properties INC
Deed Of Trust
related
$39,260,630 · Lehman Commercial Paper INC
Mar 30, 2006
$14,430,000
Ameriton Properties INC
Contee Road Business Park
Grant Deed
—
—
—
Tishman Speyer Archstone-smith
—
Deed Of Trust
related
$39,260,630 · Lehman Commercial Paper INC
—
—
Tishman Speyer Archstone-smith
—
Deed Of Trust
related
$38,104,422 · Lehman Commercial Paper 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.
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