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Property profile & analytics
OFF-MARKET
Estimated value
$23,435,000
Warehouses
8220 Wellmoor Ct, Jessup, MD 20794-9666
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-0368745
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
112,000 SF
Lot
10.46 ac (455,638 SF)
Zoning code
CECLI
APN
06-408265
UPID
US40-0368745
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
-
Giant Food Equip Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.30M
Blend (final)
Blend
$23.44M
Owner & transaction history
Bpvif V Holdings 26 LLC · 4 yrs held
Bpvif V Holdings 26 LLC
since 2022
Last sale
$30.0M
5 recorded transactions
Zoning & alternative use
CECLI · Jessup, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$33.4M
+63.5%
Commercial (general)
$26.7M
+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
$23,530,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$20,450,000
Current use
RETAIL STORES
$33,435,000
Change: +63% · Conversion: Moderate
COMMERCIAL (GENERAL)
$26,675,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$18,860,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$23.44M
Range $21.09M – $25.78M · ±10% · vs last sale $30.00M (Jan 7 2022)
Last sale anchor
$30.00M
Jan 7 2022
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
$209 / 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
$99,751
Tax year 2022
Assessed value
$10,787,867
Assessed 2023
Previous assessed
$8,858,900
+21.8% YoY
Effective rate
0.92%
On assessed value
Land market value
$2,733,800
Improvement market value
$11,912,000
Total market value
$14,645,800
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
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
112,000 SF
Lot
10.46 ac (455,638 SF)
Zoning code
CECLI
APN
06-408265
UPID
US40-0368745
Jurisdiction
HOWARD
Zoning & alternative use
CECLI · Jessup, MD
Zoning CECLI · permitted uses
CECLI · 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
$20.5M
RETAIL STORES
Est. value
$33.4M
COMMERCIAL (GENERAL)
Est. value
$26.7M
OFFICE BUILDING
Est. value
$18.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
10.46 ac
Current owner
From public records · entity-resolved
Bpvif V Holdings 26 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1 SANSOME ST STE #1500, SAN FRANCISCO, CA 94104-4449
Ownership since
2022
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
May 7, 2025
—
Bpvif V Holdings 26 LLC
—
Deed
related
$18,000,000 · Webster Bank NA
Jan 28, 2022
—
Bpvif V Holdings 26 LLC
—
Deed
related
$18,650,000 · Voya Investment Management LLC
Jan 7, 2022
$30,000,000
Bpvif V Holdings 26 LLC
Spector Family LLC
Special Warranty Deed
—
Feb 1, 2002
—
Richard S Schwab
Jayarr Associates
Grant Deed
related
—
—
—
Spector Family LLC
—
Deed Of Trust
related
$1,650,000 · Howard 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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