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Property profile & analytics
OFF-MARKET
Estimated value
$7,210,000
Office buildings
8700 Ashwood Dr, Capitol Heights, MD 20743-3727
Individually Owned
21-yr Hold
Free & Clear
Property ID
US40-0023943
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
BRICK
Total area
36,172 SF
Lot
3.62 ac (157,589 SF)
Zoning code
IE
APN
13-1441310
UPID
US40-0023943
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
-
Driggs Co LLC General Contractor Construction Company
-
Everside Health Local 602 Clinic Medical Clinic
-
Steamfitters Union Local 602 Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.07M
Comparable Approach
Comparable
$6.76M
Blend (final)
Blend
$7.21M
Owner & transaction history
Local Union 602 Of Union Assn/journ · 21 yrs held
Local Union 602 Of Union Assn/journ
since 2005
3 recorded transactions
Zoning & alternative use
IE · Capitol Heights, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.0M
+19.1%
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 Capitol Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Capitol Heights 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%
$9,825,000
6.5%
$9,070,000
7%
$8,420,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,210,000
Current use
MEDICAL BUILDING
$10,975,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$7.21M
Range $6.49M – $7.93M · ±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
$199 / 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
$41,707
Tax year 2023
Assessed value
$3,750,600
Assessed 2023
Previous assessed
$3,694,700
+1.5% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,502,200
Assessed improvement
$2,248,400
Land market value
$1,502,200
Improvement market value
$2,248,400
Total market value
$3,750,600
Applied tax rate
13.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
36,172 SF
Lot
3.62 ac (157,589 SF)
Zoning code
IE
APN
13-1441310
UPID
US40-0023943
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Capitol Heights, MD
Zoning IE · permitted uses
IE · Capitol Heights, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Capitol Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.2M
MEDICAL BUILDING
Est. value
$11.0M
OFFICE BUILDING 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
1982
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
3.62 ac
Current owner
From public records · entity-resolved
Local Union 602 Of Union Assn/journ
Individual
Free & Clear · 21 yrs held
Mailing address
8700 ASHWOOD DR, CAPITOL HEIGHTS, MD 20743-3727
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2005
$2,135,500
Local Union 602 Of Union Assn/journ
Driggs,joanna
Grant Deed
—
—
—
Joanna M Driggs
—
Deed Of Trust
related
$1,445,000 · First Mariner Bank
—
—
Joanna Driggs
—
Deed Of Trust
related
$500,000 · Larry A Campbell
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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