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Property profile & analytics
OFF-MARKET
Estimated value
$4,700,000
Outlet malls
9300 Baltimore Ave College Park, MD 20740-1318
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1339713
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1967
Construction
BRICK
Total area
5,740 SF
Lot
0.76 ac (33,050 SF)
Zoning code
NAC
APN
21-2383032
UPID
US40-1339713
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
-
Mattress Mike Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$4.70M
Owner & transaction history
Eastern Diversified Properties INC · 1 yrs held
Eastern Diversified Properties INC
since 2024
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
NAC · College Park, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purposes of the Neighborhood Activity Center (NAC) Zone are to provide lands for lower density, small scale, mixed use centers that are attractive to employers and employees, are well connected to transit, and serve the surrounding neighborhood, to provide a mix of uses that serve local neighborhood needs.
Zone name
Neighborhood Activity Center Zone
General category
MIXED_USE
Zone area
184.76 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$4.5M
+86.7%
Industrial (general)
$3.8M
+58.7%
Restaurant
$3.6M
+48.6%
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
$4,700,000
ML approach
$4,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,470,000
Change: +87% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,800,000
Change: +59% · Conversion: Difficult
RESTAURANT
$3,555,000
Change: +49% · Conversion: Easy
Blend value · Realmo final
$4.70M
Range $4.23M – $5.17M · ±10% · vs last sale $4.70M (Nov 6 2024)
Last sale anchor
$4.70M
Nov 6 2024
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
$819 / 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
$18,749
Tax year 2023
Assessed value
$1,414,300
Assessed 2024
Previous assessed
$1,360,767
+3.9% YoY
Effective rate
1.33%
On assessed value
Assessed land
$661,000
Assessed improvement
$753,300
Land market value
$661,000
Improvement market value
$753,300
Total market value
$1,414,300
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1967
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
5,740 SF
Lot
0.76 ac (33,050 SF)
Zoning code
NAC
APN
21-2383032
UPID
US40-1339713
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
NAC · College Park, MDZoning NAC · permitted uses
NAC · College Park, 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 Neighborhood Activity Center (NAC) Zone are to provide lands for lower density, small scale, mixed use centers that are attractive to employers and employees, are well connected to transit, and serve the surrounding neighborhood, to provide a mix of uses that serve local neighborhood needs.
Zone name
Neighborhood Activity Center Zone
General category
MIXED_USE
Zone area
184.76 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
RESTAURANT
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
RESTAURANT
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
1967
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Eastern Diversified Properties INC
Entity
Mailing address
11421 CRONHILL DR STE G, OWINGS MILLS, MD 21117-2222
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 6, 2024
$4,700,000
Eastern Diversified Properties INC
Duke College Park LLC
Deed
$4,230,000 · Toyota Motor Credit Corp
Sep 12, 2024
—
Duke College Park LLC
Four Thousand Four Branch Avenue Ll
Deed
—
Jul 28, 2020
—
Four Thousand Four Br Ave LLC
—
Deed
related
$595,000 · Farmers & Merchants Nat'l Bk
May 26, 2017
—
Branch Avenue LLC
—
Deed
related
$650,000 · Farmers & Merchants Nat'l Bk
Jan 26, 1999
$703,000
Four Thousand Four Branch Ave
Prince Georges Council Bldg Co
Grant Deed
—
—
—
Four Thousand Four Br Ave LLC
—
Loan Modification
related
$595,000 · Farmers & Merchants Nat'l Bk
—
—
Branch Avenue LLC
—
Deed Of Trust
related
$650,000 · Farmers & Merchants Nat'l Bk
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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