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    3702 Hwy Hyattsville, MD 20782

    • Retail properties
    • 82,867 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3702 Hwy

    Property size
    82,867 SF
    Property type
    Retail properties

    Description

    This exceptional retail opportunity is located at 3702 East-West Highway in Hyattsville, Maryland, within the Gateway at UTC Hyattsville complex. The property offers multiple tenancy options within a larger 82,867 square foot building, perfect for businesses seeking flexible space solutions. Currently, there are 5,881 square feet of vacant space available, divisible into units ranging from a minimum of 1,320 square feet to a maximum contiguous space of 4,561 square feet. This prime location in Prince George's County, Maryland, offers excellent visibility and accessibility, making it an ideal choice for a variety of retail businesses. The property's address is 3702 East-West Highway, Hyattsville, MD 20782. Its strategic location provides convenient access for customers and employees alike. The available space presents a unique chance to establish or expand a retail presence in a thriving community. Interested parties are encouraged to inquire about lease terms and availability. The property is classified as Commercial Retail.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hyattsville
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9511
    Latitude
    38.9668

    Comparable in this City

    • Value Estimation
      $4,220,000
      34,744 SF

      3500 Ew Hwy

      DEPARTMENT STORE • 34,744 SF
      3500 Ew Hwy, Hyattsville, MD 20782-1916
      View Details
    • Value Estimation by Request
      95,531 SF

      5735-5815 Eastern Ave

      Neighborhood centers • 95,531 SF
      5735-5815 Eastern Ave, Hyattsville, MD 20782
      View Details
    • Value Estimation
      $19,100,000
      117,782 SF

      3301 Ew Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 117,782 SF
      3301 Ew Hwy, Hyattsville, MD 20782-1913
      View Details
    • Value Estimation
      $11,685,000
      48,324 SF

      2425 Chillum Rd

      GROCERY, SUPERMARKET • 48,324 SF
      2425 Chillum Rd, Hyattsville, MD 20782-3630
      View Details
    • Value Estimation
      $10,935,000
      45,561 SF

      5801 Eastern Ave

      GROCERY, SUPERMARKET • 45,561 SF
      5801 Eastern Ave, Hyattsville, MD 20782-2259
      View Details
    • Value Estimation
      $680,000
      3,156 SF

      3026 Hamilton St

      RETAIL STORES (PERSONAL SERVICES) • 3,156 SF
      3026 Hamilton St, Hyattsville, MD 20782-3709
      View Details

    Similar Nearby for Sale

    • $1,550,000

      West Hyattsville Commercial Lot

      0.86 acre commercial lot near West Hyattsville Metro Station.
      2440 Chillum Rd, Hyattsville, MD 20782
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    • $1,550,000

      West Hyattsville Commercial Lot

      0.86 acre commercial lot, ideal for auto service.
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    • $639,000

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      Hyattsville Specialty Property For Sale

      Specialty property in Hyattsville available for purchase.
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      Hyattsville Specialty Property Available

      Specialty property for sale in Hyattsville, Maryland.
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    • $1,950,000
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      High-traffic location, ideal for auto service.
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    Similar Nearby for Lease

    • Contact for pricing
      82,867 SF

      Gateway at UTC Hyattsville Retail Space

      Hyattsville retail space for lease.
      3702 Hwy, Hyattsville, MD 20782
      View Details
    • $30 SF/Yr
      3,200 SF

      Hyattsville Retail Space for Sublease

      Prime Chillum Rd location, 3200+ sq ft.
      1331 Chillum Rd, Chillum, MD 20782
      View Details
    • Contact for pricing
      1,320 SF

      Hyattsville Retail Space Available

      Retail space in Hyattsville with high traffic and visibility.
      6401 America Blvd, Hyattsville, MD 20782
      View Details
    • Contact for pricing
      2,052 SF

      Retail Space in Hyattsville, MD

      2,052 SF retail space near Prince George's Plaza Metro.
      6400 America Blvd, Hyattsville, MD 20782
      View Details
    • Contact for pricing
      613 SF

      Retail Space Near Metro Station

      Retail space available in Lidl-anchored center near West Hyattsville.
      3100-3130 Queens Chapel Rd, Hyattsville, MD 20782
      View Details
    • $2,700 /Mo
      1,347 SF

      Freestanding Building in Growing Community

      1,347 SF building near metro and new development.
      3430 Hamilton St, Hyattsville, MD 20782
      View Details
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    3702 Hwy
    Hyattsville, MD 20782
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    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
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