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    7200-7220 Livingston Rd Fort Washington, MD 20744
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    Property profile & analytics

    7200-7220 Livingston Rd Fort Washington, MD 20744

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    • Apartment buildings
    • 319,200 SF
    • 28.90 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 7200-7220 Livingston Rd

    Lot size
    28.90 lot acres
    Property size
    319,200 SF
    Property type
    Apartment buildings

    Description

    This exceptional 28.9-acre property, located at 7200-7220 Livingston Road in Fort Washington, Maryland, presents a significant investment opportunity. The site encompasses a substantial 319,200 square feet and is zoned R-R and R-18C, allowing for the development of a substantial multifamily project. Currently listed at $2,500,000, this fee-simple ownership offers a price per square foot of $3.41 and a price per acre of $143,620. The property's strategic location, approximately two miles from Tanger Outlets, MGM Casino, and National Harbor, and four miles from Washington, D.C., and Northern Virginia, positions it to capitalize on the region's robust growth. The site's proximity to the new Amazon headquarters and the planned National View mixed-use community further enhances its potential. Detailed zoning feasibility analysis, engineering concept plans, and boring reports are available. This development could potentially comprise over 170 multifamily apartment units and nine residential single-family homes. The property's current zoning allows for a high-density development, making it an attractive proposition for investors seeking significant returns in a rapidly developing area. The existing infrastructure and the potential for substantial residential growth in the area make this a compelling investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Washington
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9989
    Latitude
    38.7478

    Comparable in this City

    • Value Estimation
      $12,895,000
      88 SF

      5200 Haras Pl

      APARTMENT HOUSE (5+ UNITS) • 88 SF
      5200 Haras Pl, Fort Washington, MD 20744-3816
      View Details
    • Value Estimation
      $2,580,000
      17 SF

      5331 Haras Pl, Unit 2

      APARTMENT HOUSE (5+ UNITS) • 17 SF
      5331 Haras Pl, Fort Washington, MD 20744-3044
      View Details
    • Value Estimation
      $17,905,000
      912 SF

      10850 Indian Head Hwy

      APARTMENT HOUSE (5+ UNITS) • 912 SF
      10850 Indian Head Hwy, Fort Washington, MD 20744-4063
      View Details
    • Value Estimation by Request
      105 SF

      5301 Haras Pl, Unit 1

      APARTMENT HOUSE (100+ UNITS) • 105 SF
      5301 Haras Pl, Fort Washington, MD 20744-3044
      View Details
    • Value Estimation by Request
      324 SF

      2600 Brinkley Rd

      APARTMENT HOUSE (100+ UNITS) • 324 SF
      2600 Brinkley Rd, Fort Washington, MD 20744-1923
      View Details
    • Value Estimation
      $10,240,000
      448 SF

      10800 Indian Head Hwy

      APARTMENT HOUSE (5+ UNITS) • 448 SF
      10800 Indian Head Hwy, Fort Washington, MD 20744-4043
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      30.7 Acres Land Assemblage

      30.7 acres of land prime for rezone.
      11308-11406 Indian Head Hwy, Fort Washington, MD 20744
      View Details
    • $100,700

      Land For Sale

      Land available for purchase in Fort Washington, MD.
      13024 Old Fort Rd, Fort Washington, MD 20744
      View Details
    • $150,000
      2.59 Acres

      Land Ready to Build

      Subdividable lot with utilities in place, ready for building.
      504 Holly Rd, Fort Washington, MD 20744
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo

      Office/Salon Space in Fort Washington

      Office space with open floor plan in Fort Washington.
      12821 Old Fort Rd, Fort Washington, MD 20744
      View Details
    • Contact for pricing

      Oxon Hill Class B Office

      Three-story office building near Capital Beltway and local amenities.
      6178 Oxon Hill Rd, Oxon Hill, MD 20744
      View Details
    • Contact for pricing
      7,836 SF

      Retail Space Near Medical Center

      Neighborhood shopping center anchored by Safeway near Fort Washington Hospital.
      900-952 E Swan Creek Rd, Fort Washington, MD 20744
      View Details
    • Contact for pricing

      Fort Washington Office Space Available

      Office space in well-managed building with ample parking.
      10901 Indian Head Hwy, Fort Washington, MD 20744
      View Details
    • $1,900 /Mo

      Office Space for Rent

      Office unit available for rent in Fort Washington, MD.
      12821 Old Fort Rd, Fort Washington, MD 20744
      View Details
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    Fort Washington, MD 20744
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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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