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Property profile & analytics
OFF-MARKET
Estimated value
$266,875,000
Parking lots & garages
8204 Baltimore Ave, College Park, MD 20740-2434
Individually Owned
Free & Clear
Property ID
US40-0115702
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2005
Total area
186,857 SF
Lot
2.28 ac (99,384 SF)
Zoning code
RTOLE
APN
21-3996428
UPID
US40-0115702
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
-
Zipcar Location Freight Service Logistics Company
-
parkingmgt.com Parking Lot & Garage
-
University View Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$277.19M
Blend (final)
Blend
$266.88M
Owner & transaction history
State Of Md To Use Of State Highway
State Of Md To Use Of State Highway
since 2026
5 recorded transactions
Zoning & alternative use
RTOLE · College Park, 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 College Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs College Park 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
PARKING LOT
$210,845,000
Current use
Blend value · Realmo final
$266.88M
Range $240.19M – $293.56M · ±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
$1,428 / 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
$2,275,543
Tax year 2023
Assessed value
$165,157,733
Assessed 2023
Previous assessed
$161,729,467
+2.1% YoY
Effective rate
1.38%
On assessed value
Land market value
$2,484,600
Improvement market value
$166,101,400
Total market value
$168,586,000
Applied tax rate
81.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2005
Heating
HEAT PUMP
Stories
13
Units
353
Total area
186,857 SF
Lot
2.28 ac (99,384 SF)
Zoning code
RTOLE
APN
21-3996428
UPID
US40-0115702
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RTOLE · College Park, MD
Zoning RTOLE · permitted uses
RTOLE · College Park, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
College Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$210.8M
PARKING LOT Current
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
2005
Heating
HEAT PUMP
Stories
13
Units
353
Lot
2.28 ac
Current owner
From public records · entity-resolved
State Of Md To Use Of State Highway
Individual
Free & Clear · 0 yrs held
Mailing address
444 N MICHIGAN AVE STE #2600, CHICAGO, IL 60611-3998
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
$615,000
State Of Md To Use Of State Highway
Ssc Maryland Apartments LLC
Deed
—
Oct 29, 2018
$232,626,539
Ssc Maryland Apartments LLC
University View Owner LLC
Grant Deed
$154,000,000 · Walker & Dunlop
Oct 29, 2018
—
Ssc Acquisition Sub LLC
University View Owner LLC
Grant Deed
related
—
Sep 20, 2016
$114,702
University View Owner LLC
University View Partners LLC
Grant Deed
$127,823,000 · University View Funding LLC University View Funding LLC
Feb 11, 2009
—
8300 Baltimore Avenue LLC
University View Partners LLC
Grant Deed
related
—
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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