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    1331 Chillum Rd Hyattsville, MD 20782-2332
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    1331 Chillum Rd Hyattsville, MD 20782-2332

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    • Grocery and convenience stores
    • 2,708 SF
    • 0.27 lot acres
    For Lease
    $595,000
    View Listing →
    Retail For Lease
    $595,000
    3,200 SF

    Retail

    Grocery and convenience stores · 3,200 SF

    1331 Chillum Rd, Hyattsville, MD 20782
    View Listing
    Property ID
    US40-1491442
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 7-Eleven / Grocery & Convenience Store
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Amazon Locker - Sarah / Postal Service / Courier Service
    • USAA / Atm
    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store

    Property Details for 1331 Chillum Rd

    Year built
    1967
    Construction
    BRICK
    Lot size
    0.27 lot acres
    Property size
    2,708 SF
    Zone code
    CGO
    Property type
    Grocery and convenience stores
    APN
    17-1943992
    APU
    171943992

    Description

    This exceptional sublease opportunity presents a 3,200+ square foot retail space located at 1331 Chillum Road in Hyattsville, Maryland. Previously occupied by a 7-Eleven, this single-tenant property in Prince George's County offers immediate occupancy and a sublease term extending through October 31, 2027. The space is categorized as a convenience store and is zoned CSC, making it suitable for a variety of retail or service businesses. The property boasts a highly desirable location on Chillum Road, ensuring excellent visibility and access to a substantial customer base due to the high traffic volume. The space comes fully equipped with a built-in cooler, representing a significant advantage for prospective tenants. This turnkey solution eliminates the need for extensive renovations or equipment purchases, allowing for a swift and efficient business launch. The property's address is 1331 Chillum Road, Hyattsville, MD 20782. Its convenient location and existing infrastructure make this an unparalleled opportunity for entrepreneurs seeking a well-established retail space in a thriving community. The property's geographic coordinates are latitude 38.9578314 and longitude -76.9865729.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $504,000
      Market price range: $341k - $1.02M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hyattsville
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9865
    Latitude
    38.9579
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,551
    $176,600
    $1,311,800
    $1,488,400
    -
    $176,600
    $1,311,800
    $1,488,400

    Comparable in this City

    • Value Estimation
      $11,685,000
      48,324 SF

      2425 Chillum Rd

      GROCERY, SUPERMARKET • 48,324 SF
      2425 Chillum Rd, Hyattsville, MD 20782-3630
      View Details
    • Value Estimation
      $10,935,000
      45,561 SF

      5801 Eastern Ave

      GROCERY, SUPERMARKET • 45,561 SF
      5801 Eastern Ave, Hyattsville, MD 20782-2259
      View Details
    • Value Estimation
      $775,000
      2,585 SF

      3737 Hamilton St

      CONVENIENCE STORE • 2,585 SF
      3737 Hamilton St, Hyattsville, MD 20782-3950
      View Details
    • Value Estimation
      $2,050,000
      2,065 SF

      3599 Ew Hwy

      CONVENIENCE STORE • 2,065 SF
      3599 Ew Hwy, Hyattsville, MD 20782-1918
      View Details
    • Value Estimation
      $775,000
      3,283 SF

      2000 Ew Hwy

      CONVENIENCE STORE • 3,283 SF
      2000 Ew Hwy, Hyattsville, MD 20782-1700
      View Details
    • Value Estimation
      $680,000
      2,708 SF

      6580 Ager Rd

      CONVENIENCE STORE • 2,708 SF
      6580 Ager Rd, Hyattsville, MD 20782-1635
      View Details

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    Similar Nearby for Lease

    • $30 SF/Yr
      3,200 SF

      Retail Space with Built-in Cooler

      Retail space with prime location, signage, and built-in cooler.
      1331 Md-501, Chillum, MD 20782
      View Details
    • Contact for pricing
      613 SF

      Retail Space Near Metro Station

      Retail space available in Lidl-anchored center near West Hyattsville.
      3100-3130 Queens Chapel Rd, Hyattsville, MD 20782
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      Retail Space in Hyattsville, MD

      2,052 SF retail space near Prince George's Plaza Metro.
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      1,256 SF

      Retail Spaces Near Hyattsville Metro

      Retail spaces for lease near Hyattsville Crossing Metro Station.
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      1,430 SF

      Retail Space in Hyattsville Development

      Retail space available within a large, mixed-use development.
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      View Details
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    Hyattsville, MD 20782-2332
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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.

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