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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15204 Marlboro Pike Upper Marlboro, MD 20772-3132

    • Auto shops
    • 6,232 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    $820,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1227353
    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.

    Current Use by Public Records

    • Marlboro Tire and Automotive / Tire Shop / Auto Air Conditioning Service
    • Admiral Tire Commercial / Tire Shop

    Property Details for 15204 Marlboro Pike

    Year built
    1955
    Construction
    BRICK
    Lot size
    0.52 lot acres
    Property size
    6,232 SF
    Zone code
    CS
    Property type
    Auto shops
    APN
    03-0197681
    APU
    30197681

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Upper Marlboro
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.7429
    Latitude
    38.8225
    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
    $6,129
    $0.00
    $0.00
    $551,200
    -
    $226,300
    $365,700
    $592,000

    Comparable in this City

    • Value Estimation
      $685,000
      6,000 SF

      13202 Old Marlboro Pike

      AUTO REPAIR, GARAGE • 6,000 SF
      13202 Old Marlboro Pike, Upper Marlboro, MD 20772
      View Details
    • Value Estimation
      $740,000
      13,125 SF

      15225 Marlboro Pike

      AUTO REPAIR, GARAGE • 13,125 SF
      15225 Marlboro Pike, Upper Marlboro, MD 20772-3131
      View Details
    • Value Estimation
      $955,000
      1,984 SF

      6200 Dower House Rd

      AUTO REPAIR, GARAGE • 1,984 SF
      6200 Dower House Rd, Upper Marlboro, MD 20772-3702
      View Details
    • Value Estimation by Request
      4,465 SF

      15005 Marlboro Pike

      AUTO REPAIR, GARAGE • 4,465 SF
      15005 Marlboro Pike, Upper Marlboro, MD 20772-3127
      View Details
    • Value Estimation by Request
      1,456 SF

      5335 Judges Dr

      AUTO REPAIR, GARAGE • 1,456 SF
      5335 Judges Dr, Upper Marlboro, MD 20772
      View Details
    • Value Estimation by Request
      2,604 SF

      8423 Old Marlboro Pike

      AUTO REPAIR, GARAGE • 2,604 SF
      8423 Old Marlboro Pike, Upper Marlboro, MD 20772-2624
      View Details

    Similar Nearby for Sale

    • $1,800,000
      26,400 SF

      Established Lawn and Garden Business

      Successful lawn and garden equipment repair business for sale.
      10190 Old Indian Head Rd, Upper Marlboro, MD 20772
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    • $1,500,000
      4.79 Acres

      Prime Upper Marlboro Development Site

      4.79 Acres, High Traffic, CGO Zoning
      9306 Marlboro Pike, Upper Marlboro, MD 20772
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    • $300,000
      2.29 Acres

      Residential Land in Upper Marlboro

      2.29 acre residential land parcel in Upper Marlboro, Maryland.
      7507 S Osborne Rd, Upper Marlboro, MD 20772
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    • $550,000
      5 SF

      5.5 Acres Land For Sale

      Land for sale near US Route 4 and Andrews Airforce Base.
      6560 Dower House Rd, Upper Marlboro, MD 20772
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    • $365,000

      Upper Marlboro Specialty Property

      Specialty property available for sale in Upper Marlboro.
      13139 Ripon Pl, Upper Marlboro, MD 20772
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    • $89,000

      Upper Marlboro Turnkey Home

      Two-bedroom, one-bath manufactured home near shopping and transportation.
      9103 Columbine Ln, Upper Marlboro, MD 20772
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    Similar Nearby for Lease

    • $25 SF/Yr
      77,500 SF

      Retail Space in Marlton Plaza

      Highly visible shopping center anchored by Food Lion, Walgreens, McDonalds.
      9500 Crain Hwy SE, Upper Marlboro, MD 20772
      View Details
    • $25 SF/Yr
      2,060 SF

      Retail Space in Marlton Plaza

      Highly visible retail space in a busy shopping center.
      9500-9556 Crain Hwy SE, Upper Marlboro, MD 20772
      View Details
    • Contact for pricing

      Land for Lease

      3.81 acres of commercial land available for lease.
      9310 Old Marlboro Pike, Upper Marlboro, MD 20772
      View Details
    • Contact for pricing
      45,796 SF

      Industrial Building on 6.5 Acres

      Retail/Office and Industrial building with parking or outdoor storage.
      15193-15207 Marlboro Pike, Upper Marlboro, MD 20772
      View Details
    • Contact for pricing

      Industrial Property with Yard Space

      13.15 acres with buildings and dedicated yard space.
      15139 Marlboro Pike, Upper Marlboro, MD 20772
      View Details
    • Contact for pricing

      Acre Pad Site For Lease

      One acre pad site available for lease near townhomes.
      7620 S Crain Hwy, Upper Marlboro, MD 20772
      View Details
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    15204 Marlboro Pike
    Upper Marlboro, MD 20772-3132
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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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