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Property profile & analytics
OFF-MARKET
Estimated value
$12,900,000
Outlet malls
8829 Greenbelt Rd Greenbelt, MD 20770-2451
Entity Owned
8-yr Hold
Free & Clear
Property ID
US40-0832957
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1983
Construction
BRICK
Total area
102,400 SF
Lot
9.02 ac (392,877 SF)
Zoning code
CGO
APN
21-2298768
UPID
US40-0832957
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
-
Zion Church Greenbelt Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.90M
Owner & transaction history
Zion Church INC · 8 yrs held
Zion Church INC
since 2017
3 recorded transactions
Zoning & alternative use
CGO · Greenbelt, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purposes of the Commercial, General and Office (CGO) Zone are to provide lands for a diverse range of business, civic, and mixed use development, typically at or near major intersections where visibility and good access are important, in a form that supports connections and a balance between automobile access and pedestrian friendliness.
Zone name
Commercial General And Office Zone
General category
MIXED_USE
Zone area
230.52 ac
Source
Realmo
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 Greenbelt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenbelt 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$126 / 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
$85,658
Tax year 2023
Assessed value
$7,703,067
Assessed 2023
Previous assessed
$7,641,133
+0.8% YoY
Effective rate
1.11%
On assessed value
Land market value
$4,331,400
Improvement market value
$3,433,600
Total market value
$7,765,000
Applied tax rate
21.0000
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
1983
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
102,400 SF
Lot
9.02 ac (392,877 SF)
Zoning code
CGO
APN
21-2298768
UPID
US40-0832957
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CGO · Greenbelt, MDZoning CGO · permitted uses
CGO · Greenbelt, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purposes of the Commercial, General and Office (CGO) Zone are to provide lands for a diverse range of business, civic, and mixed use development, typically at or near major intersections where visibility and good access are important, in a form that supports connections and a balance between automobile access and pedestrian friendliness.
Zone name
Commercial General And Office Zone
General category
MIXED_USE
Zone area
230.52 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1983
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
9.02 ac
Current owner
From public records · entity-resolved
Zion Church INC
Entity
Free & Clear · 8 yrs held
Mailing address
4501 FORBES BLVD STE #140, LANHAM, MD 20706-4358
Ownership since
2017
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
Jul 20, 2020
—
Zion Churgh INC
—
Deed
related
$11,700,000 · Bank Of America
Nov 30, 2017
$7,000,000
Zion Church INC
Otr
Grant Deed
—
—
—
Zion Churgh INC
—
Loan Modification
related
$11,700,000 · Bank Of America
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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