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

    413 Ethan Allen Ave Takoma Park, MD 20912

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $397,750

    Ready to build lot in Takoma Park, Maryland location.

    Added:
    Jun 11, 2025
    Days on Market:
    319
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 413 Ethan Allen Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    NORMAN A VEENSTRA

    Listing agent NORMAN A VEENSTRA

    Listing office BLAKE DICKSON REAL ESTATE

    Listing date Jun 11, 2025

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of BLAKE DICKSON REAL ESTATE

    Overview

    Takoma Park Ready-to-Build Lot

    This ready-to-build lot is situated in Takoma Park, Maryland. The property provides convenient access to downtown Takoma Park, park amenities, the Beltway, and other commuter routes. The lot is deep and surrounded by extensive wooded parcels. A secluded, private driveway is already in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Takoma Park
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.0009
    Latitude
    38.9775

    Nearby Similar for Sale

    • $549,000
      3,500 SF

      Takoma Park Multifamily Investment Opportunity

      Five-unit apartment building in Takoma Park with value-add potential.
      700-A CHANEY Drive, TAKOMA PARK, MD 20912
      View Details
    • $899,000
      3,145 SF

      Takoma Park Cape Cod Duplex

      Updated 1936 brick Cape Cod duplex with income potential.
      8209 FLOWER Avenue, TAKOMA PARK, MD 20912
      View Details
    • $5,995,000

      Takoma Park 5.17-Acre Parcel

      5.17-acre parcel in Takoma Park near Washington, DC border.
      6501 POPLAR Avenue, TAKOMA PARK, MD 20912
      View Details
    • $575,000
      3,500 SF

      Takoma Park Multifamily Investment

      Five-unit apartment building in Takoma Park near Sligo Creek.
      700 Chaney Drive, Takoma Park, MD 20912
      View Details
    • $899,500
      2,772 SF

      Renovated Takoma Park Triplex

      Fully renovated triplex with strong cash flow and modern systems.
      8001 Garland Avenue, Takoma Park, MD 20912
      View Details
    • $525,000

      Professional Office Condo in Takoma

      Bright, versatile office condo near Takoma Metro.
      7610 Carroll Ave #310, TAKOMA PARK, MD 20912
      View Details
    • $659,900
      2,100 SF

      Takoma Park Multifamily Investment

      Four-unit property in Takoma Park with income potential.
      805 HOUSTON Ave, Takoma Park, MD 20912
      View Details
    • $3,500,000

      Takoma Park Church For Sale

      Well-maintained church near future purple line station in Takoma Park.
      8609 GREENWOOD AVENUE, TAKOMA PARK, MD 20912
      View Details
    • $100,000

      Land Along Sligo Creek Parkway

      6,507 sq ft lot in Takoma Park, Maryland.
      SLIGO CREEK Parkway lot: P6 Block 3, TAKOMA PARK, MD 20912
      View Details
    • $1,250,000
      5,711 SF

      Takoma Park Mixed-Use Property

      Mixed-use property in Takoma Park's vibrant commercial district.
      7030 Carroll Ave, Takoma Park, MD 20912
      View Details
    • $1,400,000

      All-Brick Apartment Building Overlooking Park

      Five-unit apartment building with park views and updated amenities.
      921 Prospect St, TAKOMA PARK, MD 20912
      View Details
    • $825,000

      Takoma Park Multifamily Investment Property

      Renovated, fully occupied 7-unit apartment building in Takoma Park.
      228 Manor Cir, TAKOMA PARK, MD 20912
      View Details

    FAQs

    What type of property is this?
    Land - Ready to build lot in Takoma Park, Maryland location.
    Where is this land located?
    The property is located at 413 Ethan Allen Ave Takoma Park, MD.
    What is the asking price?
    The asking price for this property is $397,750.
    What are key features of this property?
    This property features: Ready to build lot in Takoma Park, Maryland.; Close proximity to Downtown Takoma Park amenities.; Easy access to parks.
    (202) 667-2000
    We can help!
    Listing Contact
    NORMAN A VEENSTRA
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!