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    10474 Baltimore Ave Beltsville, MD 20705
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    10474 Baltimore Ave, Beltsville, MD 20705

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    • Retail properties & Spaces
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Popeyes Louisiana Kitchen / Restaurant
    • Chestnut Hills Shopping Center / Business Service Center / Corporate Office

    Property Details for 10474 Baltimore Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail opportunity is located in the thriving Chestnut Hills Shopping Center at 10474 Baltimore Ave, Beltsville, MD 20705. The center offers a variety of spaces, including an end-cap anchor tenant space of 3,960 square feet and in-line spaces of 1,200 square feet, with one 1,253 square foot space currently available. Strategically positioned just two miles north of the Capital Beltway (I-495), this location provides unparalleled accessibility to a large customer base. The Greenbelt Metro Station is conveniently located within three miles, offering easy access via rapid transit. This prime location boasts excellent connectivity to downtown Washington, D.C., and is surrounded by major national retailers such as Wawa, Costco, Ikea, and Aldi, ensuring high visibility and foot traffic. The surrounding area is densely populated, with over 87,000 residents within a three-mile radius, exhibiting a strong average household income of $96,342. This presents a unique chance to establish or expand a retail business in a high-demand, well-connected location with significant growth potential. The property is classified as a multi-tenant storefront retail space in Prince George's County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Beltsville
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9178
    Latitude
    39.0284

    Comparable in this City

    • Value Estimation
      $2,090,000
      10,000 SF

      10401 47th Ave

      RETAIL STORES (PERSONAL SERVICES)
      10401 47th Ave, Beltsville, MD 20705-2486
      View Details
    • Value Estimation
      $870,000
      3,117 SF

      11160 Baltimore Ave

      RETAIL STORES (PERSONAL SERVICES)
      11160 Baltimore Ave, Beltsville, MD 20705-2121
      View Details
    • Value Estimation
      $1,305,000
      8,010 SF

      4725 Sellman Rd

      RETAIL STORES (PERSONAL SERVICES)
      4725 Sellman Rd, Beltsville, MD 20705-2573
      View Details
    • Value Estimation
      $5,655,000
      10,125 SF

      11100 Baltimore Ave

      RETAIL STORES (PERSONAL SERVICES)
      11100 Baltimore Ave, Beltsville, MD 20705-2120
      View Details
    • Value Estimation by Request
      560 SF

      10616 Baltimore Ave

      RETAIL STORES (PERSONAL SERVICES)
      10616 Baltimore Ave, Beltsville, MD 20705-2109
      View Details
    • Value Estimation
      $665,000
      2,280 SF

      4944 Harford Ave

      RETAIL STORES (PERSONAL SERVICES)
      4944 Harford Ave, Beltsville, MD 20705-1930
      View Details

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    Similar Nearby for Lease

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      Retail Space in Apartment Complex

      1,900 SF retail space with high visibility.
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      Retail Space Available For Rent

      Retail space available, featuring 1,207 square feet.
      10916 Baltimore Ave, Beltsville, MD 20705
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      Retail and Office Space Available

      Retail and office spaces with excellent access and signage opportunities.
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      Retail Pad Site For Rent

      10,125 SF retail pad site available for lease.
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    Beltsville, MD 20705
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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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