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Property profile & analytics
OFF-MARKET
Estimated value
$14,410,000
Warehouses
8263 Patuxent Range Rd, Jessup, MD 20794-9627
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US40-0735009
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
73,490 SF
Lot
11.88 ac (517,493 SF)
Zoning code
M2
APN
06-494501
UPID
US40-0735009
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
-
Door to Door Storage Moving Company
-
Instant Payday Loans Loan Service
-
AFR Furniture Rental Interior Design
-
Dietzgen Corporation Corporate Office
-
Very Best Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.79M
Blend (final)
Blend
$14.41M
Owner & transaction history
Ipt Corridor Ic II LLC · 11 yrs held
Ipt Corridor Ic II LLC
since 2014
5 recorded transactions
Zoning & alternative use
M2 · Jessup, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$21.9M
+63.5%
Commercial (general)
$17.5M
+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
$13,420,000
Current use
RETAIL STORES
$21,940,000
Change: +63% · Conversion: Moderate
COMMERCIAL (GENERAL)
$17,505,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$12,375,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$14.41M
Range $12.97M – $15.85M · ±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
$196 / 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
$139,514
Tax year 2022
Assessed value
$13,449,867
Assessed 2023
Previous assessed
$12,390,200
+8.6% YoY
Effective rate
1.04%
On assessed value
Land market value
$2,587,400
Improvement market value
$12,981,800
Total market value
$15,569,200
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
2
Stories
1
Units
2
Total area
73,490 SF
Lot
11.88 ac (517,493 SF)
Zoning code
M2
APN
06-494501
UPID
US40-0735009
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
$13.4M
RETAIL STORES
Est. value
$21.9M
COMMERCIAL (GENERAL)
Est. value
$17.5M
OFFICE BUILDING
Est. value
$12.4M
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
2
Units
2
Lot
11.88 ac
Current owner
From public records · entity-resolved
Ipt Corridor Ic II LLC
Entity
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Ownership since
2014
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
Oct 10, 2014
$15,009,300
Ipt Corridor Ic II LLC
Crp-3 Bwic II LLC
Grant Deed
$27,000,000 · Ipt Loc Lender LLC
May 20, 2010
$9,800,000
Crp-3 Bwic II LLC
Patuxent Range LLC
Grant Deed
—
May 10, 2010
$9,800,000
Crp-3 Bwic II LLC
Patuxent Range LLC
Grant Deed
—
May 23, 2006
$17,385,000
Patuxent Range LLC
Ppf Industrial Prime Patuxent Ll
Grant Deed
related
—
—
—
Crp-3 Bwic II LLC
—
Deed Of Trust
related
$10,400,000 · Newalliance Bank
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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