Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot Near Washington DC Title is generated by Realmo AI

    6702 1ST STREET, Riverdale, MD 20737

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 6702 1ST STREET, Riverdale, MD
    For Sale
    $130,000

    LAND - RIVERDALE, MD

    Lot size:
    0.57 Acres
    Added:
    Sep 17, 2024
    Days on Market:
    612
    Last Refresh:
    May 21 at 9:06 pm

    Property Features for 6702 1ST STREET

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1331

    We can help!

    Listing Contact
    Hans Perkasa

    Listing agent Hans Perkasa License #663586

    Listing office Real Broker, LLC 1765 Greensboro Station Place unit: 900, NEW YORK, MD

    Listing date Sep 17, 2024

    MLS# MDPG2126180 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.

    HighLights

    • Prime location minutes from College Park, UMDCP, Washington DC, and I‑495 & I‑95.
    • Zoned RSF‑95, ideal for new construction of a dream home.
    • Public water, sewer, and electricity access available.
    • Package deal available for all five lots at $600,000 (MLS #MDPG2121222).
    • Seller financing available for qualified buyers.
    • Seller open to partnership/joint venture opportunities for development.

    Overview

    This 0.57 acre lot, located at 6702 1st Street in Riverdale, MD, is zoned RSF-95 and has access to public water, sewer, and electricity. It is suitable for the new construction of a home. The property is located minutes away from College Park, UMDCP, Washington DC, i495, and i95. Seller financing is available for qualified buyers. The seller is open to a partnership with the right candidate for development and is willing to discuss joint venture opportunities, having conducted extensive research on the potential and profitability of building on these lots. A site survey is available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Grocery & Convenience Store Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverdale
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5825758
    Latitude
    39.1844423

    Nearby Similar for Sale

    • $280,000

      Half-Acre Lot in Riverdale, MD

      Half-acre lot near amenities and transportation in Riverdale, Maryland.
      6422 TAYLOR Road, RIVERDALE, MD 20737
      View Details
    • $650,000
      2,500 SF

      Mixed-Use Property with Development Potential

      CGO zoned property with metro access and development possibilities.
      5424 Riverdale Rd, RIVERDALE, MD 20737
      View Details
    • Contact for pricing
      27,000 SF

      Redevelopment Opportunity in Riverdale, Maryland

      27,000 SF retail/flex building on 3 acres for sale.
      6322 Kenilworth Avenue, Riverdale, MD 20737
      View Details
    • $800,000
      618 SF

      Riverdale Commercial Building For Sale

      Freestanding commercial building in Riverdale, approved for restaurant use.
      4500 Queensbury, RIVERDALE, MD 20737
      View Details
    • $280,000

      Half Acre Ready For Development

      Four contiguous parcels totaling half an acre in Riverdale.
      6422 Taylor Rd, RIVERDALE, MD 20737
      View Details
    • $140,000

      Land For Sale

      Land available for sale in Riverdale, Maryland.
      6815 1st St, RIVERDALE, MD 20737
      View Details
    • $599,999

      Riverdale Buildable Lots Package Deal

      Five buildable lots totaling 3.5 acres in Riverdale, Maryland.
      6700-6700 1ST Street, RIVERDALE, MD 20737
      View Details
    • $110,000

      Land for Sale

      Land available in Riverdale, MD.
      5004 Ingraham St, Riverdale, MD 20737
      View Details
    • $130,000

      Residential Land in Riverdale, MD

      0.57 acre lot near College Park and Washington DC.
      6716 1ST STREET, RIVERDALE, MD 20737
      View Details
    • $130,000

      Residential Lot Near Washington DC

      0.57 acre lot near College Park and Washington DC.
      6708 1ST STREET, RIVERDALE, MD 20737
      View Details
    • $140,000

      Riverdale Land Ideal for Development

      1.2 acre lot near College Park and Washington DC.
      6700 1ST STREET, RIVERDALE, MD 20737
      View Details
    • $130,000

      Residential Lot Near Washington DC

      0.57 acre lot near College Park and Washington DC.
      6714 1ST STREET, RIVERDALE, MD 20737
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.57 acre lot near College Park and Washington DC.
    Where is this residential land & home lot located?
    The property is located at 6702 1ST STREET Riverdale, MD.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: Prime location minutes from College Park, UMDCP, Washington DC, and I‑495 & I‑95.; Zoned RSF‑95, ideal for new construction of a dream home.; Public water, sewer, and electricity access available.
    (240) 361-7858
    We can help!
    Listing Contact
    Hans Perkasa
    Real Estate License ID: 663586
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    6702 1ST STREET, RIVERDALE, MD 20737
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!