Add Listing
    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

    2440 Chillum Rd Hyattsville, MD 20782

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,950,000

    High-traffic location, ideal for auto service.

    Property size:
    1,316 SF

    Property Features for 2440 Chillum Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    1,316 SF
    Lot Size
    37,462 SF

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    Christine L Gray
    Christine L Gray

    Listing Agency: REALTY ADVANTAGE OF MARYLAND LLC Listing Agent: Christine L Gray

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 1,316 square foot industrial property, situated on a sizable 0.86-acre lot in West Hyattsville, MD, presents a unique investment opportunity. Boasting a prime location near the West Hyattsville Metro Station, this property enjoys high visibility and excellent accessibility. The existing structure includes a small office building, two garages, and two separate lifts, reflecting its long history as an auto-related business—a business that has operated successfully on this site for over 30 years. The property is being sold "as is," offering a blank canvas for a discerning buyer. The large, flat lot provides ample space for expansion or redevelopment. The Prince George's County government has proposed new CS zoning for this area, potentially unlocking further development possibilities. This high-traffic location makes it an ideal site for a variety of uses, particularly auto service businesses, but also suitable for other small-scale industrial operations. The property's history, combined with its strategic location and zoning potential, makes it a compelling investment prospect. Serious inquiries are encouraged to explore the full potential of this remarkable property. The address is 2440 Chillum Road, Hyattsville, MD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Buttrey's Auto Inc Car Dealership

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Hyattsville
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.96896
    Latitude
    38.95227

    Nearby Similar for Sale

    • $369,900
      Pending

      Hyattsville Specialty Property For Sale

      Specialty property available for purchase via online auction.
      6502 Knollbrook Dr, Hyattsville, MD 20783
      View Details
    • $937,000

      Hyattsville Specialty Property for Sale

      Specialty property available for purchase in Hyattsville, Maryland.
      3912 Livingston St, Hyattsville, MD 20781
      View Details
    • $483,720
      Pending

      Specialty Property for Sale

      Specialty property available for purchase in Hyattsville, MD.
      5933 Northwest Dr, Hyattsville, MD 20785
      View Details
    • $844,900

      Hyattsville Specialty Property for Sale

      Specialty property available in Hyattsville, Maryland.
      5505 43Rd Ave, Hyattsville, MD 20781
      View Details
    • $495,000

      Hyattsville Religious Facility For Sale

      Religious facility available for purchase in Hyattsville, Maryland.
      8314 Nicholson St, Hyattsville, MD 20784
      View Details
    • $2,550,000

      Hyattsville Warehouse For Sale

      27,560 SF warehouse/industrial property available in Hyattsville, MD.
      5328 46Th Ave, Hyattsville, MD 20781
      View Details
    • $638,040
      Pending

      Hyattsville Specialty Property For Sale

      Specialty property available for purchase in Hyattsville, Maryland.
      3401 Carnaby St, Hyattsville, MD 20782
      View Details
    • $170,000

      Spacious Condo Near University

      Well-maintained 2-bedroom condo, convenient location near transportation.
      1836 Metzerott Rd, Hyattsville, MD 20783
      View Details
    • $149,900

      Updated Condo with Community Amenities

      One-bedroom condo with renovated kitchen and community features.
      9200 Edwards Way, Hyattsville, MD 20783
      View Details
    • $1,100,000

      Well-Maintained Tenant-Occupied Building

      Fully occupied building with established tenants, a good investment.
      3601 Hamilton St, Hyattsville, MD 20782
      View Details
    • $775,000
      3,072 SF

      Hyattsville Mixed-Use Commercial Space

      Prime Hyattsville location, versatile office space.
      4311 Hamilton St, Hyattsville, MD 20781
      View Details

    FAQs

    What type of property is this?
    Industrial property - High-traffic location, ideal for auto service.
    Where is this industrial property located?
    The property is located at 2440 Chillum Rd Hyattsville, MD.
    What is the asking price?
    The asking price for this property is $1,950,000.
    (301) 881-9800
    Request Owner's contact information
    2440 Chillum Rd Hyattsville, MD 20782
    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.
    2440 Chillum Rd
    Hyattsville, MD 20782
    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
    2440 Chillum Rd Hyattsville, MD 20782
    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
    Christine L Gray
    Christine L Gray
    (301) 881-9800 (301) 661-9326
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!