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Property profile & analytics
OFF-MARKET
Estimated value
$167,435,000
Individual retail properties
Ruby Lockhart Blvd, Lanham, MD 20706
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1871269
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2015
Total area
32,048 SF
Lot
3.81 ac (165,964 SF)
Zoning code
TACE
APN
13-5545232
UPID
US40-1871269
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
by Request
Blend (final)
Blend
$167.44M
Owner & transaction history
Ue Woodmore Tc LLC · 4 yrs held
Ue Woodmore Tc LLC
since 2022
Last sale
$158.2M
3 recorded transactions
Zoning & alternative use
TACE · Lanham, 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 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
$185,900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$167.44M
Range $150.69M – $184.18M · ±10% · vs last sale $158.20M (Mar 21 2022)
Last sale anchor
$158.20M
Mar 21 2022
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
$5,225 / 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
$316,332
Tax year 2023
Assessed value
$23,681,100
Assessed 2023
Previous assessed
$22,755,767
+4.1% YoY
Effective rate
1.34%
On assessed value
Assessed land
$18,461,700
Assessed improvement
$5,219,400
Land market value
$18,461,700
Improvement market value
$5,219,400
Total market value
$23,681,100
Applied tax rate
87.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2015
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
32,048 SF
Lot
3.81 ac (165,964 SF)
Zoning code
TACE
APN
13-5545232
UPID
US40-1871269
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
TACE · Lanham, MD
Zoning TACE · permitted uses
TACE · 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.
Building & site characteristics
From public records
Year built
2015
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
3.81 ac
Current owner
From public records · entity-resolved
Ue Woodmore Tc LLC
Entity
Mailing address
888 7TH AVE, NEW YORK, NY 10106-0001
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
$158,200,000
Ue Woodmore Tc LLC
Woodmore Towne Centre LLC
Special Warranty Deed
$1,000,000 · Goldman Sachs Bank USA
Jan 2, 2020
—
Woodmore Towne Centre LLC
—
Deed
related
$78,000,000 · Wells Fargo Bank NA
Oct 15, 2014
—
Pr2 Woodmore Holding Company LLC
Woodmore Towne Centre LLC
Special Warranty 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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