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Property profile & analytics
OFF-MARKET
Estimated value
$18,510,000
Distribution centers
8261 Preston Ct, Jessup, MD 20794-9681
Entity Owned
Free & Clear
Property ID
US40-1100714
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
90,000 SF
Lot
8.89 ac (387,248 SF)
Zoning code
M2
APN
06-504531
UPID
US40-1100714
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
-
AirBoss Defense Group Textile Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.60M
Blend (final)
Blend
$18.51M
Owner & transaction history
Cummins Wagner Company INC
Cummins Wagner Company INC
since 2025
Last sale
$21.0M
7 recorded transactions
Zoning & alternative use
M2 · Jessup, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$26.9M
+63.5%
Commercial (general)
$21.4M
+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
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
WAREHOUSE, STORAGE
$16,435,000
Current use
RETAIL STORES
$26,870,000
Change: +63% · Conversion: Moderate
COMMERCIAL (GENERAL)
$21,435,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$15,155,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$18.51M
Range $16.66M – $20.36M · ±10% · vs last sale $20.96M (Dec 16 2025)
Last sale anchor
$20.96M
Dec 16 2025
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
$206 / 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
$72,590
Tax year 2022
Assessed value
$6,578,567
Assessed 2023
Previous assessed
$6,446,700
+2.0% YoY
Effective rate
1.10%
On assessed value
Land market value
$1,599,600
Improvement market value
$5,242,700
Total market value
$6,842,300
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
90,000 SF
Lot
8.89 ac (387,248 SF)
Zoning code
M2
APN
06-504531
UPID
US40-1100714
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
$16.4M
RETAIL STORES
Est. value
$26.9M
COMMERCIAL (GENERAL)
Est. value
$21.4M
OFFICE BUILDING
Est. value
$15.2M
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
8.89 ac
Current owner
From public records · entity-resolved
Cummins Wagner Company INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2025
$20,963,630
Cummins Wagner Company INC
Colfin 2018 8 Industrial Owner LLC
Special Warranty Deed
—
Feb 16, 2022
—
Colfin 2018 8 Industrial Owner LLC
—
Deed
related
—
Jan 21, 2020
—
Industrial Owner LLC
—
Deed
related
—
Jul 9, 2018
$7,900,000
Colfin 2018-8 Indl Owner LLC
Ccp Jessup Paper LLC
Grant Deed
—
Jun 13, 2003
$3,439,840
Ccp Jessup Paper LLC
Cardinal Paper II LP
Grant Deed
$3,100,000 · Rga Reinsurance Co
Jan 8, 2003
—
Paper LP II
Georgia Pacific Corp
Quit Claim Deed
related
—
Jan 8, 2003
$3,300,000
Paper LP II
Georgia Pacific Corp
Grant Deed
—
Oct 31, 2002
—
Georgia-pacific Corp
Unisource Worldwide INC
Quit Claim 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.
Try Rey
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