Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1307 Asheville Rd District Heights, MD 20747

    Sponsored
    For Sale
    $75,000

    LAND - DISTRICT HEIGHTS, MD

    Property size:
    3,024 SF
    Lot size:
    0.19 Acres
    Days on Market:
    15
    Last Refresh:
    Jan 27 at 2:06 am

    Property Features for 1307 Asheville Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Size
    3,024 SF
    Lot size
    0.19 Acres

    We can help!

    Listing Contact
    Vincent J Payne
    Vincent J Payne

    Realty Navigator (443) 600-1986

    Listing agent Vincent J Payne (443) 256-3773 License #300238

    Listing date Jan 13, 2026

    MLS# MDPG2188514 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Lot with Ready-to-Build Permits

    This is an exceptional opportunity to purchase a residential lot with ready-to-build permits, including green-stamped plans. The property is located minutes away from the DC/MD metro border and enjoys easy access to major thoroughfares. The building footprint is 36' x 42', totaling 1512 square feet on two floors, for a total of 3024 square feet. The plans include a basement and a two-car garage. The cleared and level property is approximately 0.19 acres and is zoned RSF-65 (Residential).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    District Heights
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.85978512
    Latitude
    38.87124903

    Nearby Similar for Sale

    • $369,500

      Spacious Townhome in Forest Park

      Three-level townhome with renovated bathrooms, fenced yard, and community amenities.
      1661 Tulip Ave, District Heights, MD 20747
      View Details
    • $2,975,000
      12,032 SF

      Religious Facility & Residential Parsonage

      Ten parcels with church, residence, and ample parking near DC.
      7230 Lansdale St, District Heights, MD 20747
      View Details
    • $375,000
      1,880 SF

      Renovated Townhome in District Heights

      Newly renovated 3-bedroom townhome with finished basement near amenities.
      2241 Seton Way, District Heights, MD 20747
      View Details
    • $315,000
      1,160 SF

      District Heights Townhome with Yard

      Cozy 4-bedroom townhome with private yard and parking.
      1756 Forest Park Dr, District Heights, MD 20747
      View Details
    • Contact for pricing
      8,236 SF

      Automotive Property on Marlboro Pike

      Automotive property with term until 2027 in prime location.
      7100 Marlboro Pike, District Heights, MD 20747
      View Details
    • $379,000

      District Heights Specialty Property

      Specialty property available for sale in District Heights, Maryland.
      6019 Surrey Ln, District Heights, MD 20747
      View Details
    • $435,000

      District Heights Religious Facility

      Religious facility for sale in District Heights, Maryland.
      6807 Elmhurst St, District Heights, MD 20747
      View Details
    • $375,000

      Keystone Manor Specialty Property

      Specialty property available for sale in District Heights, Maryland.
      3413 Keystone Manor Ct, District Heights, MD 20747
      View Details
    • $275,000

      Apothecary Street Specialty Property

      Specialty property available for sale in District Heights, Maryland.
      3617 Apothecary St St, District Heights, MD 20747
      View Details
    • $615,000

      District Heights Specialty Property

      Specialty property available for sale in District Heights, Maryland.
      7613 Starshine Dr, District Heights, MD 20747
      View Details
    • $599,900

      District Heights Specialty Property

      Specialty property available for sale in District Heights, Maryland.
      7609 Starshine Dr, District Heights, MD 20747
      View Details
    • $449,000

      District Heights Specialty Property

      Specialty property available for sale in District Heights, Maryland.
      4020 Suit Rd, District Heights, MD 20747
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with permits and plans near DC/MD metro border.
    Where is this residential land & home lot located?
    The property is located at 1307 Asheville Rd District Heights, MD.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - Ready-to-build permits and green-stamped plans included.; - Minutes from the DC/MD metro border with easy access to major thoroughfares.; - Two-story home with **3,024 sqft total living space.**
    (410) 924-3182
    Request Owner's contact information
    1307 Asheville Rd District Heights, MD 20747
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1307 Asheville Rd
    District Heights, MD 20747
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1307 Asheville Rd District Heights, MD 20747
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Vincent J Payne
    Vincent J Payne
    Real Estate License ID: 300238
    (410) 924-3182
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.