Financial
Distress signals
Property profile

116 Ritchie Rd Capitol Heights, MD 20743

FOR SALE
Other commercial real estate
Property ID
US40-0717417
6,316 SF 0.34 ac lot Built 1963
Last sale Feb 2024
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This commercial property is located on the corner of Central Ave and Ritchie Rd in Capitol Heights, near Washington, DC and major beltways. The building comprises 6,316 square feet on a 0.34-acre lot and includes convenient parking as well as a loading dock. The property is zoned (IE) Industrial Employment and is configured for uses consistent with light industrial development and research.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$556k
Assessed land$148k
Assessed improvement$408k
Effective rate1.11%

Value estimate

· Sep 2026
$315k
$284k – $347k
Submarket $/SF estimate$1.28M
NOI build-up
Gross scheduled income$214k
Vacancy & credit loss−$12k
Operating expenses−$61k
NOI · 7.88% cap applied$142k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$240/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$166 – $288
Qualifying comparables3

Cap rate analysis

How does the asset earn?
7.88%
$142k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IE
The purposes of the Industrial, Employment (IE) Zone are to provide for a mix of employment, research and development, and light industri...
General categoryINDUSTRIAL
JurisdictionPRINCE GEORGE'S

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.9
Dental Office14.3
Law Firm11.9

Location

116 Ritchie Rd Capitol Heights, MD 20743
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5941 Central, Capitol Heights, MD 20743-6248 $1,255,000 Aug 2023 12,508 SF
6625 Walker Ml, Capitol Heights, MD 20743-4318 $1,110,000 Nov 2021 4,284 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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