Add Listing
    For Lease
    • 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

    4802 Rhode Island Ave Hyattsville, MD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Freestanding retail building with parking, suitable for various businesses.

    Type:RETAIL
    Property size:
    2,800 SF
    Lot size:
    0.09 Acres
    Added:
    Dec 15, 2022
    Days on Market:
    1226
    Last Refresh:
    Apr 5 at 11:19 pm

    Property Features for 4802 Rhode Island Ave

    General Information

    Standard status
    Active
    Size
    2,800 SF
    Lot size
    0.09 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 4802 Rhode Island Ave Contact us

    We can help!

    Listing Contact
    Mike McElaney

    Listing agent Mike McElaney

    Listing office The Menkiti Group

    Listing date Dec 15, 2022

    Source Moodyscre

    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 The Menkiti Group

    Overview

    Freestanding Building on Rhode Island

    This freestanding 2,800-square-foot building features parking in front and has recently undergone renovations, including the installation of new doors and windows. Large garage doors offer the potential to open up the space during favorable weather conditions. The property is located on Rhode Island Avenue, which experiences an average of 16,440 cars per day. The landlord is seeking a tenant with a business model that caters to the surrounding residential areas, such as food and beverage, entertainment, retail, or boutique fitness. The property is situated in an up-and-coming block for arts and entertainment, enhanced by three recently commissioned large murals on the property. A nearby Artist & Craftsmen Supply store contributes to a consistent flow of artistic visitors to the block. The food and entertainment scene is also developing, with the location being within one block of Pizzeria Paradiso, Streetcar82 Brewing, and Journeys Caribbean Jerk Chicken, which is coming soon. The property is suitable for retail, restaurants, fitness centers, gyms, sports and entertainment venues, and other restaurant types.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    K&W Auto Repair Auto Repair Shop Prime Taste Kitchen Restaurant

    Suggested Use

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

    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
    -76.9435
    Latitude
    38.9489

    Nearby Similar for Lease

    • $6,000/Mo

      Hyattsville Retail/Flex/Industrial Space Available

      Flexible retail, flex, or light industrial space for lease.
      4902 43RD Avenue, HYATTSVILLE, MD 20781
      View Details
    • $3,488/Mo

      Retail Space in Crittenden Crossing

      Retail space in vibrant Hyattsville arts and small business community.
      4808 RHODE ISLAND Avenue, HYATTSVILLE, MD 20781
      View Details
    • $7,500/Mo

      Versatile Commercial Space in Hyattsville

      Customizable commercial space suitable for retail, warehouse, restaurant, or office.
      7300 MARTIN LUTHER KING JR Highway, HYATTSVILLE, MD 20785
      View Details
    • $60 SF/Yr

      Hyattsville End-Cap Retail Opportunity

      5,000 SF retail space in Hamilton Street Shopping Center.
      3801 HAMILTON St 3811, Hyattsville, MD 20781
      View Details
    • $3,304/Mo

      Hyattsville Commercial Space for Lease

      Prime commercial space configured for a carry-out restaurant.
      4816 RHODE ISLAND Avenue, HYATTSVILLE, MD 20781
      View Details
    • $6,975/Mo

      Hyattsville Retail End-Cap Opportunity

      5,000 SF retail space in Hamilton Street Shopping Center.
      3801 Hamilton St #3811, HYATTSVILLE, MD 20781
      View Details
    • $2,700/Mo

      Freestanding Building in Growing Community

      1,347 SF building near metro and new development.
      3430 Hamilton Street, Hyattsville, MD 20782
      View Details
    • $3,488/Mo

      Retail Space in Crittenden Crossing

      Retail space in vibrant Hyattsville's Crittenden Crossing retail plaza.
      4808 Rhode Island Ave, HYATTSVILLE, MD 20781
      View Details
    • $12 SF/Yr

      Prime Commercial Space on Route 202

      Commercial spaces ranging from 65 to 780 sqft available.
      5615 LANDOVER RD, Hyattsville, MD 20784
      View Details
    • $2,800/Mo

      Industrial Warehouse Space Available

      1,941 SF industrial space for lease in Hyattsville, MD.
      5000 Frolich Lane, Hyattsville, MD 20781
      View Details
    • $5,000/Mo

      Hyattsville Stand Alone Retail Building

      Stand alone retail building in Hyattsville with onsite parking.
      4118 Queensbury Rd, HYATTSVILLE, MD 20781
      View Details
    • $3,506/Mo

      Hyattsville Office/Flex Space Available

      Standalone building suitable for office, retail, or entertainment use.
      4805 42ND Place, HYATTSVILLE, MD 20781
      View Details

    FAQs

    What type of property is this?
    Retail space - Freestanding retail building with parking, suitable for various businesses.
    Where is this retail space located?
    The property is located at 4802 Rhode Island Ave Hyattsville, MD.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: High traffic location: Average 16,440 cars per day on Rhode Island Ave.; Up‑and‑coming arts and entertainment block with commissioned murals.; New doors and windows recently installed.
    (508) 713-9684 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike McElaney
    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!