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    1804 University E Blvd Hyattsville, MD 20783-4623
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    Property profile & analytics

    1804 University E Blvd, Hyattsville, MD 20783-4623

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    • Automotive properties
    • 17,780 SF
    • 1.85 lot acres
    Off-Market
    Last Sale Mar 17, 2023
    $695,400
    Property ID
    US40-1215903
    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
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pep Boys / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Auto Plus Auto Parts / Auto Parts Store

    Property Details for 1804 University E Blvd

    Year built
    1988
    Construction
    BRICK
    Lot size
    1.85 lot acres
    Zone code
    LTOC
    Property type
    Automotive properties
    APN
    17-1952746
    APU
    171952746

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 24, 2025 — Re West Hyattsville LLC The Pep Boys Manny Moe & Jack LLC Special Warranty Deed —
    Mar 17, 2023 $695,400 State Highway Admin Of Md Dept Of T The Pep Boys Manny Moe & Jack LLC Deed —

    Description

    This exceptional 17,370-square-foot retail property, located at 1804 University Blvd E in Hyattsville, Maryland, presents a unique investment opportunity. Built in 1988, this single-story building sits on a single lot in Prince George's County and currently houses a Pep Boys operation. A significant portion of the space, totaling 8,737 square feet, is currently vacant and available for lease. The existing tenant, Pep Boys, occupies the remaining space and will continue its tire and auto repair operations. The vacant space is divisible, with potential tenant spaces ranging from approximately 3,200 to 11,500 square feet. Ideal uses for the vacant space include, but are not limited to, medical facilities (dialysis or plasma centers), childcare centers, doggie daycares, discount retailers, mattress/furniture stores, tool and hardware stores, and automotive-related businesses that do not directly compete with the existing Pep Boys tire and repair services (e.g., collision centers, auto glass repair, or non-competing auto parts retailers). The property owner is open to negotiating cash allowances, contingent upon a rent structure that ensures a reasonable return on investment. The lease terms are highly flexible, offering significant advantages to prospective tenants. This property offers a compelling combination of location, size, and flexibility, making it an attractive prospect for a variety of businesses. The property's zip code is 20783.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $865,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hyattsville
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9799
    Latitude
    38.9851
    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
    $28,604
    $0.00
    $0.00
    $2,572,300
    -
    $1,612,500
    $1,115,600
    $2,728,100

    Comparable in this City

    • Value Estimation
      $1,400,000
      5,650 SF

      2214 University E Blvd

      VEHICLE SALES, RENTALS
      2214 University E Blvd, Hyattsville, MD 20783-4142
      View Details
    • Value Estimation by Request
      190 SF

      1836 Metzerott Rd, Unit T36

      RESIDENTIAL PARKING GARAGE
      1836 Metzerott Rd, Adelphi, MD 20783-3475
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    • Value Estimation by Request
      180 SF

      1836 Metzerott Rd, Unit P86

      RESIDENTIAL PARKING GARAGE
      1836 Metzerott Rd, Adelphi, MD 20783-3475
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    • Value Estimation by Request
      194 SF

      1836 Metzerott Rd, Unit P14

      RESIDENTIAL PARKING GARAGE
      1836 Metzerott Rd, Adelphi, MD 20783-3475
      View Details
    • Value Estimation by Request
      393 SF

      1836 Metzerott Rd, Unit T11

      RESIDENTIAL PARKING GARAGE
      1836 Metzerott Rd, Adelphi, MD 20783-5202
      View Details
    • Value Estimation by Request
      178 SF

      1836 Metzerott Rd, Unit T23

      RESIDENTIAL PARKING GARAGE
      1836 Metzerott Rd, Adelphi, MD 20783-5202
      View Details

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    Hyattsville, MD 20783-4623
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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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