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Property profile & analytics
FOR LEASE
Warehouses
7980 Tarbay Dr, Jessup, MD 20794
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-1426593
For Lease
$30,910,000
7980 Tarbay Dr, Jessup, MD 20794
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
STEEL FRAME
Total area
203,150 SF
Lot
9.58 ac (417,305 SF)
Zoning code
M2
APN
06-526624
UPID
US40-1426593
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
-
WORLD DEPOT Inc MD #1 Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.59M
Comparable Approach
Comparable
$38.51M
Blend (final)
Blend
$30.91M
Owner & transaction history
Frind Tarbay LLC · 5 yrs held
Frind Tarbay LLC
since 2021
Last sale
$34.2M
6 recorded transactions
Zoning & alternative use
M2 · Jessup, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$48.4M
+30.4%
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 Jessup submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jessup 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
$27,010,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,300,000
6.5%
$20,585,000
7%
$19,115,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$37,095,000
Current use
COMMERCIAL (GENERAL)
$48,385,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$34,210,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$30.91M
Range $27.82M – $34.00M · ±10% · vs last sale $34.22M (Jun 17 2021)
Last sale anchor
$34.22M
Jun 17 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
$152 / 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
$140,666
Tax year 2022
Assessed value
$18,630,933
Assessed 2023
Previous assessed
$12,492,500
+49.1% YoY
Effective rate
0.76%
On assessed value
Land market value
$2,086,500
Improvement market value
$28,821,300
Total market value
$30,907,800
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
WAREHOUSE, STORAGE
Status
For Lease
Year built
1990
Construction
STEEL FRAME
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
203,150 SF
Lot
9.58 ac (417,305 SF)
Zoning code
M2
APN
06-526624
UPID
US40-1426593
Jurisdiction
HOWARD
Zoning & alternative use
M2 · Jessup, MD
Zoning M2 · permitted uses
M2 · Jessup, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jessup. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$37.1M
COMMERCIAL (GENERAL)
Est. value
$48.4M
OFFICE BUILDING
Est. value
$34.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1990
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
9.58 ac
Current owner
From public records · entity-resolved
Frind Tarbay LLC
Entity
Free & Clear · 5 yrs held
Mailing address
11 DUPONT CIR NW STE #900, WASHINGTON, DC 20036-1202
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2025
—
Frind Tarbay LLC
—
Deed
related
$352,700,000 · Gs Asl LLC
Jun 29, 2022
—
Frind Tarbay LLC
—
Deed
related
$16,750,000 · Allianz Life Ins Co Of North America
Jun 17, 2021
$34,218,000
Frind Tarbay LLC
Ag Hs Tar Bay Property Owner LLC
Special Warranty Deed
—
May 21, 2020
—
Ag Hs Tar Bay Property Owner L L C
—
Deed
related
$13,540,000 · M & T Bank
Mar 27, 2020
$15,600,000
Ag-hs Tar Bay Prop Owner LLC
7980 Tar Bay Owner LLC
Grant Deed
$8,765,000 · Ag Funds Portfolio Parent Ill
Dec 18, 2018
$12,800,000
7980 Tar Bay Owner LLC
Pfeffer LP
Trustees Deed
$5,500,000 · Miscellaneous Ins Co
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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