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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Commercial real estate
9841 Greenbelt Rd D-3 Lanham, MD 20706-6269
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0786609
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1997
Total area
1,271 SF
Lot
0.03 ac (1,271 SF)
Zoning code
CO
APN
14-3119963
UPID
US40-0786609
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
-
Okorafor Nkem M DC Alternative Medicine Practice
-
Face N Nails Hair Salon Nail Salon
-
Absolute Rehabilitative Therapy, Inc. Physician
-
AjaBLU Salon & Studio Hair Salon Nail Salon
-
Da We Yone Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$393k
Blend (final)
Blend
$565k
Owner & transaction history
Jl3 Holdings LLC · 3 yrs held
Jl3 Holdings LLC
since 2023
Last sale
$595,000
4 recorded transactions
Zoning & alternative use
CO · Lanham, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$530,000
+33.4%
Auto repair, garage
$525,000
+32.6%
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 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
$740,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$395,000
Current use
RETAIL STORES
$530,000
Change: +33% · Conversion: Easy
AUTO REPAIR, GARAGE
$525,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$385,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$355,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $595k (Mar 10 2023)
Last sale anchor
$595k
Mar 10 2023
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
$445 / 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
$2,119
Tax year 2023
Assessed value
$190,600
Assessed 2023
Previous assessed
$216,000
-11.8% YoY
Effective rate
1.11%
On assessed value
Assessed land
$66,700
Assessed improvement
$123,900
Land market value
$66,700
Improvement market value
$123,900
Total market value
$190,600
Applied tax rate
14.0000
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1997
Heating
NONE
Stories
1
Units
1
Total area
1,271 SF
Lot
0.03 ac (1,271 SF)
Zoning code
CO
APN
14-3119963
UPID
US40-0786609
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CO · Lanham, MD
Zoning CO · permitted uses
CO · 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
COMMERCIAL (GENERAL) Current
Est. value
$395,000
RETAIL STORES
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$525,000
MEDICAL BUILDING
Est. value
$385,000
WAREHOUSE, STORAGE
Est. value
$355,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1997
Heating
NONE
Stories
1
Units
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Jl3 Holdings LLC
Entity
Mailing address
4000 MITCHELLVILLE RD STE B430, BOWIE, MD 20716-3160
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2023
$595,000
Jl3 Holdings LLC
9841 Greenbelt LLC
Special Warranty Deed
$558,000 · The Harbor Bank Of Maryland
Aug 22, 2017
$400,000
Greenbelt LLC
Greenprop INC
Grant Deed
related
—
Oct 21, 1998
—
Greenprop INC
Garlance INC
Grant Deed
$1,800,000 · Taneytown Bank & Trust Co
—
—
Greenprop INC
—
Loan Modification
related
$968,951 · 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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