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Property profile & analytics
OFF-MARKET
Estimated value
$4,555,000
Outlet malls
8400 Pennsylvania Ave Upper Marlboro, MD 20772-2608
Entity Owned
12-yr Hold
Free & Clear
Property ID
US40-1156854
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2006
Total area
15,675 SF
Lot
1.56 ac (67,954 SF)
Zoning code
IE
APN
06-3237112
UPID
US40-1156854
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
-
Sunbelt Rentals (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Sunbelt Rentals Shoring Solutions (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.42M
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$4.56M
Owner & transaction history
Nw 18001 I Street Assocs LLP · 12 yrs held
Nw 18001 I Street Assocs LLP
since 2013
7 recorded transactions
Zoning & alternative use
IE · Upper Marlboro, 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 Upper Marlboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Upper Marlboro 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%
$5,870,000
6.5%
$5,415,000
7%
$5,030,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,540,000
Current use
AUTO REPAIR, GARAGE
$6,500,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$4.56M
Range $4.10M – $5.01M · ±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
$291 / 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
$43,109
Tax year 2023
Assessed value
$3,876,700
Assessed 2023
Previous assessed
$3,854,167
+0.6% YoY
Effective rate
1.11%
On assessed value
Assessed land
$373,700
Assessed improvement
$3,503,000
Land market value
$373,700
Improvement market value
$3,503,000
Total market value
$3,876,700
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2006
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
15,675 SF
Lot
1.56 ac (67,954 SF)
Zoning code
IE
APN
06-3237112
UPID
US40-1156854
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Upper Marlboro, MDZoning IE · permitted uses
IE · Upper Marlboro, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$6.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
2006
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Nw 18001 I Street Assocs LLP
Entity
Free & Clear · 12 yrs held
Mailing address
7101 WISCONSIN AVE STE #700, BETHESDA, MD 20814-4814
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2013
$5,343,500
Nw 18001 I Street Assocs LLP
K Sunbelt LLC
Grant Deed
—
Dec 5, 2005
$4,798,000
K Sunbelt LLC
Hmv Eastgate LLC
Grant Deed
$4,297,500 · Newdominion Bank
Oct 28, 2004
$1,100,000
Hmv Eastgate LLC
Eastgate Investment LLC
Grant Deed
related
$3,360,000 · Branch Banking & Trust Co
Mar 4, 2003
—
Eastgate Investments LLC
Potomac Capital Inv Corp
Grant Deed
related
—
—
—
Eastgate Investments LLC
—
Deed Of Trust
related
$1,000,000 · Stephen A Goldberg
—
—
Eastgate Investments LLC
—
Deed Of Trust
related
$1,000,000 · Branch Banking & Trust Co Va
—
—
Eastgate Investments LLC
—
Deed Of Trust
related
$1,483,390 · Branch Banking & Trust Co Va
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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