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Property profile & analytics
FOR SALE
Warehouses
9207 51St Ave, College Park, MD 20740
Entity Owned
~
Est. High Equity
Property ID
US40-0862239
No photos on file
For Sale
$5,775,000
9207 51St Ave, College Park, MD 20740
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1954
Construction
BRICK
Total area
30,976 SF
Lot
16.89 ac (735,728 SF)
Zoning code
IH
APN
21-2401552
UPID
US40-0862239
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.83M
Blend (final)
Blend
$5.78M
Owner & transaction history
Granger Properties Dc Region LLC
Granger Properties Dc Region LLC
since 2025
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
IH · College Park, 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 College Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs College Park 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
$8,650,000
Current use
Blend value · Realmo final
$5.78M
Range $5.20M – $6.35M · ±10% · vs last sale $6.25M (Feb 14 2025)
Last sale anchor
$6.25M
Feb 14 2025
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
$186 / 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
$86,402
Tax year 2023
Assessed value
$6,271,000
Assessed 2023
Previous assessed
$6,235,500
+0.6% YoY
Effective rate
1.38%
On assessed value
Land market value
$2,949,800
Improvement market value
$3,356,700
Total market value
$6,306,500
Applied tax rate
81.0000
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
For Sale
Year built
1954
Construction
BRICK
Heating
SPACE
Buildings
3
Stories
1
Units
3
Total area
30,976 SF
Lot
16.89 ac (735,728 SF)
Zoning code
IH
APN
21-2401552
UPID
US40-0862239
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IH · College Park, MD
Zoning IH · permitted uses
IH · College Park, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
College Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.7M
WAREHOUSE, STORAGE Current
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
1954
Construction
BRICK
Heating
SPACE
Stories
1
Buildings
3
Units
3
Lot
16.89 ac
Current owner
From public records · entity-resolved
Granger Properties Dc Region LLC
Entity
Mailing address
7200 WISCONSIN AVE STE #1100, BETHESDA, MD 20814-4845
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2025
$7,500,000
Granger Properties Dc Region LLC
Mfs Cp LLC
Special Warranty Deed
$6,000,000 · Wilmington Savings Fund Society Fsb
May 14, 2025
$6,250,000
9119 51st Ave LLC
Mfs Cp LLC
Special Warranty Deed
$5,312,500 · Oceanfirst Bank
Feb 8, 2023
—
Mfs Cp LLC
—
Deed
related
$4,578,599 · Jarmms Capital LLC
May 5, 2020
—
Mfs Cp LLC
—
Deed
related
$5,130,000 · Truist Bk
Jun 7, 2018
$6,200,000
Mfs Cp LLC
Cp Real Estate Ventures LLC
Grant Deed
$4,130,000 · Branch Bk&tr
Apr 24, 2013
—
Cp Real Estate Ventures LLC
Precision Products Group INC
Grant Deed
—
Apr 26, 2002
—
Precision Products INC
—
Deed Of Trust
related
$5,000,000 · American Nat'l Bk & Tr Chicago
—
—
Precision Products Group INC
—
Deed Of Trust
related
$1,000,000 · J P Morgan Chase Bank
—
—
Mfs Cp LLC
—
Loan Modification
related
$5,130,000 · Truist Bk
—
—
Precision Products Group INC
—
Deed Of Trust
related
$3,250,000 · J P Morgan Chase 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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