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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Warehouses
7900 Fernham Ln District Heights, MD 20747-4517
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US40-0404219
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
BRICK
Total area
17,765 SF
Lot
0.59 ac (25,759 SF)
Zoning code
IE
APN
06-0470351
UPID
US40-0404219
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
by Request
Blend (final)
Blend
$2.58M
Owner & transaction history
A K Richey Enterprises LLC · 25 yrs held
A K Richey Enterprises LLC
since 2001
7 recorded transactions
Zoning & alternative use
IE · District Heights, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$145 / 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
$16,918
Tax year 2023
Assessed value
$1,521,400
Assessed 2023
Previous assessed
$1,416,067
+7.4% YoY
Effective rate
1.11%
On assessed value
Assessed land
$141,600
Assessed improvement
$1,379,800
Land market value
$141,600
Improvement market value
$1,379,800
Total market value
$1,521,400
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Total area
17,765 SF
Lot
0.59 ac (25,759 SF)
Zoning code
IE
APN
06-0470351
UPID
US40-0404219
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · District Heights, MD
Zoning IE · permitted uses
IE · 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.
Building & site characteristics
From public records
Year built
1974
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
A K Richey Enterprises LLC
Entity
Mailing address
7902 FERNHAM LN, FORESTVILLE, MD 20747-4517
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2026
—
A K Richey Enterprises LLC
—
Deed
related
$250,000 · Capital Bank
Oct 5, 2023
—
A K Richey Enterprises LLC
—
Deed
related
$1,100,000 · Capital Bank NA
Jan 17, 2018
—
Ak Richey Ents LLC
—
Deed
related
$500,000 · Capital Bk
Jan 2, 2018
—
Ak Richey Ents LLC
—
Deed
related
$970,000 · Capital Bk
Feb 13, 2001
$661,500
A K Richey Enterprises LLC
Kimble,galen R & Carol A
Grant Deed
$529,500 · Seller
—
—
A K Richey Ents LLC
—
Deed Of Trust
related
$250,000 · Congressional Bank
—
—
A K Richey Ents LLC
—
Deed Of Trust
related
$775,000 · Congressional Bank
—
—
Ak Richey Ents LLC
—
Deed Of Trust
related
$970,000 · Capital Bk
—
—
Ak Richey Ents LLC
—
Deed Of Trust
related
$500,000 · Capital Bk
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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