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Property profile & analytics
OFF-MARKET
Estimated value
$18,215,000
Warehouses
9641 Annapolis Rd Lanham, MD 20706-2005
Entity Owned
8-yr Hold
Free & Clear
Property ID
US40-1814173
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2016
Total area
87,312 SF
Lot
4.08 ac (177,725 SF)
Zoning code
IE
APN
20-2263242
UPID
US40-1814173
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
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.97M
Comparable Approach
Comparable
$14.26M
Blend (final)
Blend
$18.22M
Owner & transaction history
9641 Annapolis Road LLC · 8 yrs held
9641 Annapolis Road LLC
since 2018
7 recorded transactions
Zoning & alternative use
IE · Lanham, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$27.3M
+11.9%
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 Lanham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lanham 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%
$20,550,000
6.5%
$18,965,000
7%
$17,615,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$24,380,000
Current use
COMMERCIAL (GENERAL)
$27,290,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$18.22M
Range $16.39M – $20.04M · ±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
$209 / 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
$232,390
Tax year 2023
Assessed value
$20,898,400
Assessed 2023
Previous assessed
$16,533,400
+26.4% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,132,700
Assessed improvement
$18,765,700
Land market value
$2,132,700
Improvement market value
$18,765,700
Total market value
$20,898,400
Applied tax rate
20.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
7
Stories
3
Units
913
Total area
87,312 SF
Lot
4.08 ac (177,725 SF)
Zoning code
IE
APN
20-2263242
UPID
US40-1814173
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Lanham, MD
Zoning IE · permitted uses
IE · Lanham, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lanham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$24.4M
COMMERCIAL (GENERAL)
Est. value
$27.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
2016
Heating
PACKAGE
Cooling
Yes
Stories
3
Buildings
7
Units
913
Lot
4.08 ac
Current owner
From public records · entity-resolved
9641 Annapolis Road LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 320099, ALEXANDRIA, VA 22320-4099
Ownership since
2018
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
Jun 2, 2021
—
9641 Annapolis Road LLC
—
Deed
related
$221,552,500 · Wells Fargo Bank NA
Jun 4, 2018
—
9641 Annapolis Road LLC
—
Deed
related
$43,670,000 · Bank Of America
Mar 20, 2018
$22,000
9641 Annapolis Road LLC
Annapolis Road Self Storage Ll
Grant Deed
—
Jun 9, 2015
$2,136,300
Annapolis Road Self Storage LLC
Wbp Ventures LLC
Special Warranty Deed
—
Jul 9, 2012
$550,000
Wbp Ventures LLC
Wbp Undeveloped Land LLC
Grant Deed
—
Nov 25, 1998
$990,000
Asp Washington Development LLC
Washington Business Park Assoc
Grant Deed
related
—
—
—
9641 Annapolis Road LLC
—
Deed Of Trust
related
$43,670,000 · 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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