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Property profile & analytics
OFF-MARKET
Estimated value
$6,875,000
Office buildings
9701 Philadelphia Ct, Lanham, MD 20706-4400
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-0319657
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
BRICK
Total area
20,646 SF
Lot
7.41 ac (322,814 SF)
Zoning code
IH
APN
20-2183606
UPID
US40-0319657
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
-
27 Studios Rental Equipment Company Tech Support Center
-
Veii Apparel Clothing Store
-
High Road Lower School of Prince George’s County Special Education Facility
-
Garage Door Nova - The Garage Door Repair Experts Building Supply General Contractor
-
All My Life Bridal Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.18M
Comparable Approach
Comparable
$7.63M
Blend (final)
Blend
$6.88M
Owner & transaction history
H Dsc Forbes Industrial LLC · 2 yrs held
H Dsc Forbes Industrial LLC
since 2024
Last sale
$9.1M
7 recorded transactions
Zoning & alternative use
IH · Lanham, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.6M
+63.8%
Auto repair, garage
$8.6M
+62.8%
Commercial (general)
$6.5M
+22.8%
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%
$5,605,000
6.5%
$5,175,000
7%
$4,805,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,255,000
Current use
RETAIL STORES
$8,610,000
Change: +64% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,560,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,455,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$6.88M
Range $6.19M – $7.56M · ±10% · vs last sale $9.14M (Mar 5 2024)
Last sale anchor
$9.14M
Mar 5 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
$333 / 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
$80,947
Tax year 2023
Assessed value
$7,279,400
Assessed 2023
Previous assessed
$6,802,900
+7.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,905,300
Assessed improvement
$4,374,100
Land market value
$2,905,300
Improvement market value
$4,374,100
Total market value
$7,279,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
20,646 SF
Lot
7.41 ac (322,814 SF)
Zoning code
IH
APN
20-2183606
UPID
US40-0319657
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IH · Lanham, MD
Zoning IH · permitted uses
IH · 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
OFFICE BUILDING Current
Est. value
$5.3M
RETAIL STORES
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$6.5M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1983
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
2
Lot
7.41 ac
Current owner
From public records · entity-resolved
H Dsc Forbes Industrial LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5410 EDSON LN STE #200, ROCKVILLE, MD 20852-3195
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
Jun 5, 2024
$9,135,631
H Dsc Forbes Industrial LLC
Brit 9701 Philadelphia LLC
Special Warranty Deed
—
Nov 8, 2017
—
Acc Forbes Boulevard 1 LLC
—
Grant Deed
related
$10,750,000 · Miscellaneous Ins Co
Oct 3, 2017
—
Vin-9701 Philadelphia LLC
Vin-9701 Philadelphia Trct
Quit Claim Deed
related
—
Mar 12, 2013
—
Vingarden Associates
Brit-wbp Holding LLC
Grant Deed
related
—
May 7, 2008
$68,000,000
Brit-wbp Holding LLC
5200 Philadelphia Way LLC
Grant Deed
$55,000,000 · Deutsche Mtg & Asset 2006-cd3
Nov 28, 2001
$6,196,000
9701 Philadelphia Way LLC
Asp Washington LLC
Grant Deed
—
Nov 19, 1998
$5,651,000
Washington L L C Lb54 Ste 23 Asp
Cadillac,sheppar
Grant Deed
—
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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