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

    1793 Olive St Capitol Heights, MD 20743

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $700,000

    Three adjacent industrial condo units near DC border for sale.

    Property Features for 1793 Olive St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jose L Guzman
    Source: Exprealty

    Listing Agency: Pearson Smith Realty, LLC Listing Agent: Jose L Guzman

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

    Learn more

    Property Insight Report

    Overview

    Capitol Heights Industrial Condo Portfolio

    A portfolio of three adjacent small bay covered dock industrial condo units is available for purchase in Capitol Heights, Maryland, near the DC border. The units are suitable for investors seeking to capitalize on increasing industrial lease rates and decreasing industrial inventory, or for a contractor or owner/user requiring space conveniently located in Maryland and Washington, DC. The property features I-2 zoning for heavy industrial use and abundant surface parking. Each unit has a loading dock, with a covered loading area and a ceiling height of 23 feet. The parking lot is secured with a gate. The combined area of the units is 12,178 square feet, with individual unit sizes of 4,307 square feet (Unit 1789), 4,249 square feet (Unit 1791), and 3,622 square feet (Unit 1793). There is potential for a sale lease-back for units 1789 and 1791. Unit 1793 is currently leased under a NNN lease until 2028. The three units are adjacent but currently demised.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Capitol Heights
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9295561
    Latitude
    38.9130196

    Nearby Similar for Sale

    • $350,000
      1,294 SF

      Capitol Heights Home with Updates

      Well-maintained home with three bedrooms and updated features.
      4720 Pistachio Ln, Capitol Heights, MD 20743
      View Details
    • $4,620,000
      42,000 SF

      Capitol Heights Industrial Building For Sale

      42,000 SF industrial building with I-E zoning.
      223 Westhampton Ave, Capitol Heights, MD 20743
      View Details
    • $700,000

      Rare Industrial Condo Portfolio

      Three adjacent industrial condo units for sale near DC border.
      1789 Olive St, Capitol Heights, MD 20743
      View Details
    • $279,800
      960 SF

      Updated Townhome Near DC Border

      Renovated townhome with new kitchen, HVAC, and convenient location.
      1327 Eastern Ave, Capitol Heights, MD 20743
      View Details
    • $700,000

      Rare Industrial Condo Portfolio

      Three adjacent industrial condo units for sale near DC border.
      1791 Olive St, Capitol Heights, MD 20743
      View Details
    • $799,000

      Capitol Heights Industrial Condo Portfolio

      Three adjacent industrial condo units near DC border, ideal for investors.
      1793 Olive St, Capitol Heights, MD 20743
      View Details
    • Contact for pricing
      29,369 SF

      Capitol Heights Industrial Space Available

      Industrial space near Washington DC with excellent accessibility.
      9200-9216 Hampton Overlook, Capitol Heights, MD 20743
      View Details
    • $525,000

      Automotive Property Near Washington, D.C.

      Commercial property with automotive zoning, minutes from Washington, D.C.
      1508 Opus Ave, Capitol Heights, MD 20743
      View Details
    • $2,300,000

      Multi-Tenant Industrial Asset For Sale

      13,455 SF multi-tenant industrial asset on 1.02 acres.
      6118 Old Central Ave, Capitol Heights, MD 20743
      View Details
    • $195,000
      884 SF

      Capitol Heights Condominium with Amenities

      Move-in ready condominium with modern features and community amenities.
      1311 Karen Blvd, Capitol Heights, MD 20743
      View Details
    • $399,000

      Spacious Multi-Family Home

      Three-level home with rental income potential near Washington, D.C.
      5707 Jost St, Capitol Heights, MD 20743
      View Details
    • $2,300,000
      13,455 SF

      Multi-Tenant Industrial Asset For Sale

      13,455 SF multi-tenant industrial asset on 1.02 acres.
      6118 Central Ave, Capitol Heights, MD 20743
      View Details

    FAQs

    What type of property is this?
    Industrial property - Three adjacent industrial condo units near DC border for sale.
    Where is this industrial property located?
    The property is located at 1793 Olive St Capitol Heights, MD.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Portfolio of three adjacent industrial condo units totaling 12,178± SF.; - Rare I-2 zoning for heavy industrial uses.; - Convenient location in Capitol Heights, Maryland, near the DC border.
    (240) 660-7291
    Request Owner's contact information
    1793 Olive St Capitol Heights, MD 20743
    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.
    1793 Olive St
    Capitol Heights, MD 20743
    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
    1793 Olive St Capitol Heights, MD 20743
    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
    Jose L Guzman
    (240) 660-7291
    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.