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Property profile & analytics
OFF-MARKET
Estimated value
$4,520,000
Warehouses
8431 Old Marlboro Pike Upper Marlboro, MD 20772-2614
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1422047
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
BRICK
Total area
20,049 SF
Lot
2.8 ac (122,118 SF)
Zoning code
IE
APN
06-3155405
UPID
US40-1422047
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
-
Kelly H.V.A.C Inc HVAC Service General Contractor
-
John E Kelly & Sons Electrical Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.90M
CAP Approach
CAP
$5.94M
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$4.52M
Owner & transaction history
8431 Old Marlboro Pike LLC · 5 yrs held
8431 Old Marlboro Pike LLC
since 2021
Last sale
$4.1M
4 recorded transactions
Zoning & alternative use
IE · Upper Marlboro, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.1M
+35.1%
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
$5,050,000
ML approach
$4,895,000
CAP Approach
CAP Return
Estimation
6%
$6,435,000
6.5%
$5,940,000
7%
$5,515,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,500,000
Current use
MEDICAL BUILDING
$6,080,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$4.52M
Range $4.07M – $4.97M · ±10% · vs last sale $4.10M (Mar 23 2021)
Last sale anchor
$4.10M
Mar 23 2021
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
$225 / 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
$21,744
Tax year 2023
Assessed value
$1,955,400
Assessed 2023
Previous assessed
$1,952,867
+0.1% YoY
Effective rate
1.11%
On assessed value
Assessed land
$604,400
Assessed improvement
$1,351,000
Land market value
$604,400
Improvement market value
$1,351,000
Total market value
$1,955,400
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
2000
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
20,049 SF
Lot
2.8 ac (122,118 SF)
Zoning code
IE
APN
06-3155405
UPID
US40-1422047
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Upper Marlboro, MD
Zoning 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
Upper Marlboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$6.1M
WAREHOUSE, STORAGE Current
MEDICAL 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
2000
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
8431 Old Marlboro Pike LLC
Entity
Mailing address
7340 MONTEVIDEO RD, JESSUP, MD 20794-9317
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
—
8431 Old Marlboro Pike LLC
—
Deed
related
$2,360,000 · Wesbanco Bank INC
Mar 23, 2021
$4,100,000
8431 Old Marlboro Pike LLC
Kelly Properties LLC
Deed
$2,800,000 · Truist Bank
Jun 14, 2018
—
Kelly Properties LLC
—
Deed
related
$1,850,000 · Sandy Spring Bank
May 20, 1999
—
Kelly Properties LLC
Kelly,john E & Betty D
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.
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