Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4509 College Ave College Park, MD 20740
    Back to Search
    Property profile & analytics

    4509 College Ave College Park, MD 20740

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • One Stop Shop / Grocery & Convenience Store

    Property Details for 4509 College Ave

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity in College Park, Maryland, offers four available spaces ranging from 1,163 to 2,200 square feet. Located at 4509 College Avenue, this property boasts a highly visible location adjacent to a new Target on Baltimore Avenue (Route 1), placing it within the heart of College Park's vibrant retail district. The spaces are situated on both the ground and lower levels of the building. Ground level spaces measure 2,200 and 1,300 square feet, while lower level spaces offer 1,163 and 1,464 square feet. This presents a unique chance to establish a presence in a high-traffic area, benefiting from exceptional visibility to Route 1, which sees over 23,177 vehicles daily. The property is categorized as a multiple-tenancy retail space, ideal for a variety of businesses. The address is 4509 College Ave, College Park, MD 20740, within Prince George's County. Two of the spaces are described as second-generation restaurant spaces, suggesting existing infrastructure suitable for food service businesses. This prime location offers significant potential for growth and success within a thriving community. The property is classified as retail for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    College Park
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9372
    Latitude
    38.9818

    Comparable in this City

    • Value Estimation by Request
      49,193 SF

      9805 Rhode Island Ave

      Lifestyle centers • 49,193 SF
      9805 Rhode Island Ave, College Park, MD 20740
      View Details
    • Value Estimation by Request
      23,375 SF

      4318 Knox Rd

      Retail properties & Spaces • 23,375 SF
      4318 Knox Rd, College Park, MD 20740
      View Details
    • Value Estimation by Request
      1,300 SF

      Tempo

      Retail properties & Spaces • 1,300 SF
      0 Tempo, College Park, MD 20740
      View Details
    • Value Estimation by Request
      0.00 Acres

      6100 Westchester Park Drps29

      RESIDENTIAL PARKING GARAGE • 0.00 Acres
      6100 Westchester Park Drps29, College Park, MD 20740-2852
      View Details
    • Value Estimation by Request
      0.00 Acres

      6100 Westchester Park Drtr12

      RESIDENTIAL PARKING GARAGE • 0.00 Acres
      6100 Westchester Park Drtr12, College Park, MD 20740-2852
      View Details
    • Value Estimation by Request
      0.00 Acres

      6100 Westchester Park Drtr19

      RESIDENTIAL PARKING GARAGE • 0.00 Acres
      6100 Westchester Park Drtr19, College Park, MD 20740-2852
      View Details

    Similar Nearby for Sale

    • $6,000,000

      College Park Commercial Building on Rt. 1

      38,000 SF commercial building in College Park, MD for sale.
      9520 Baltimore Ave, College Park, MD 20740
      View Details
    • $1,900,000
      0.88 Acres

      College Park Mixed-Use Development Opportunity

      0.88 acre lot near University of Maryland, versatile zoning.
      9621 Baltimore Ave, College Park, MD 20740
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      500 SF

      College Park Shopping Center Space

      49,193 SF shopping center near University of Maryland.
      9801-9827 Rhode Island Ave, College Park, MD 20740
      View Details
    • Contact for pricing
      2,653 SF

      Retail Space on Baltimore Avenue

      Retail space available in student housing complex on Baltimore Avenue.
      8300 Baltimore Ave, College Park, MD 20740
      View Details
    • Contact for pricing
      1,589 SF

      Retail Space in College Park

      Retail space available in a dynamic, growing College Park area.
      4400 Calvert Rd, College Park, MD 20740
      View Details
    • Contact for pricing
      5,893 SF

      Retail Pad in College Park

      Freestanding 5,893 SF retail pad site available for rent.
      9300 Baltimore Ave, College Park, MD 20740
      View Details
    • Contact for pricing
      1,213 SF

      Retail Space Near University

      Retail space available for lease near University of Maryland.
      9925-9937 Rhode Island Ave, College Park, MD 20740
      View Details
    • $3,250 /Mo
      7,405 SF

      High-Visibility Commercial Space in College Park

      Flexible commercial space on Baltimore Avenue, College Park, MD.
      9066 Balimore Ave, College Park, MD 20740
      View Details
    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.
    4509 College Ave
    College Park, MD 20740
    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

    Thank You for Inquiry
    4509 College Ave, College Park, MD, 20740
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!