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    7041 Martin Luther King Jr Hwy Hyattsville, MD 20785
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    7041 Martin Luther King Jr Hwy, Hyattsville, MD 20785

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    • Lifestyle centers
    • 14,840 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Photo / (Bike/Boat/Book/etc) Store
    • King Shopping Center / Shopping Center & Mall
    • CVS / Pharmacy
    • CVS Pharmacy / Pharmacy
    • CDReload Instant Bitcoin / Crypto Atm

    Property Details for 7041 Martin Luther King Jr Hwy

    Property size
    14,840 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity presents itself in the form of the King Shopping Center, a 14,840 square foot shopping center located at 7041 Martin Luther King Jr Hwy in Hyattsville, Maryland, 20785. Currently, the entire center, encompassing all five suites, is available for lease, presenting a unique chance for a single tenant to occupy the entire space or for multiple tenants to occupy individual suites. The minimum leasable space is 840 square feet, while the maximum contiguous space available is 6,300 square feet, offering flexibility for businesses of various sizes. The property is situated in Prince George's County and benefits from its high-traffic location on Martin Luther King Jr Highway. This presents a significant advantage for businesses seeking high visibility and accessibility. The entire 14,840 square feet is currently vacant, providing a blank canvas for a new retail venture or a strategic expansion for an existing business. This is a rare opportunity to secure a substantial retail presence in a thriving Maryland community. Interested parties are encouraged to inquire for further details and leasing options.

    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
    -76.8833
    Latitude
    38.915

    Comparable in this City

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    • Value Estimation
      $11,985,000
      44,810 SF

      6500 Landover Rd

      MINI-MALL • 44,810 SF
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    • Value Estimation
      $6,870,000
      23,654 SF

      7501 Landover Rd

      MINI-MALL • 23,654 SF
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    • Value Estimation
      $9,155,000
      140,836 SF

      8585 Landover Rd

      MINI-MALL • 140,836 SF
      8585 Landover Rd, Landover, MD 20785-4210
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    • Value Estimation
      $13,255,000
      81,160 SF

      7850 Central Ave

      SHOPPING CENTER, STRIP CENTER • 81,160 SF
      7850 Central Ave, Landover, MD 20785-4807
      View Details
    • Value Estimation
      $3,310,000
      10,680 SF

      6425 Landover Rd

      SHOPPING CENTER, STRIP CENTER • 10,680 SF
      6425 Landover Rd, Cheverly, MD 20785-1402
      View Details

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    Similar Nearby for Lease

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      4,500 SF

      Retail Space Near FedEx Field

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      Landover Retail Suites Available

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      Retail Space Available For Rent

      Single tenant retail space available, approximately 15,650 square feet.
      6498 Landover Rd, Hyattsville, MD 20785
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      Retail Space For Rent

      Retail spaces available, ranging from 2,000 to 4,500 SqFt.
      7041 Martin Luther King Jr Hwy, Hyattsville, MD 20785
      View Details
    • $7,500 /Mo

      Retail Space in Hyattsville

      Retail space available for lease in Hyattsville, Maryland.
      7300 Martin Luther King Jr Hwy, Hyattsville, MD 20785
      View Details
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    Hyattsville, MD 20785
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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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