Property profile

1217 Ritchie Rd Capitol Heights, MD 20743

OFF-MARKET
Distribution centers
Property ID
US40-0009688
13,660 SF 1.59 ac lot Built 1985
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1985
Construction BRICK
Total area 13,660 SF
Lot 1.59 ac (69,260 SF)
Zoning code IE
APN 06-0510925
UPID US40-0009688

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Recording Studio

Location

1217 Ritchie Rd Capitol Heights, MD 20743-4912
Capitol Heights metro Census 802204 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.99M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.93M
Blend (final) Blend
$3.06M

Owner & transaction history

since 2022
Last sale
$2.6M
3 recorded transactions
2022
$2.6M
2013
$1.8M
2003
$20,000

Zoning & alternative use

IE · Capitol Heights, MD
Zoning description

The purposes of the Industrial, Employment (IE) Zone are to provide for a mix of employment, research and development, and light industrial development, with an expectation of high quality design that is set apart from t…

General category INDUSTRIAL
Top alternative use upside
Medical building $4.1M +26.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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