Property profile

2440 Chillum Rd Hyattsville, MD 20782

FOR SALE
Auto shops
Property ID
US40-2387917
776 SF 0.86 ac lot Built 1940
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,316 square foot industrial property, situated on a sizable 0.86-acre lot in West Hyattsville, MD, presents a unique investment opportunity. Boasting a prime location near the West Hyattsville Metro Station, this property enjoys high visibility and excellent accessibility. The existing structure includes a small office building, two garages, and two separate lifts, reflecting its long history as an auto-related business—a business that has operated successfully on this site for over 30 years. The property is being sold "as is," offering a blank canvas for a discerning buyer. The large, flat lot provides ample space for expansion or redevelopment. The Prince George's County government has proposed new CS zoning for this area, potentially unlocking further development possibilities. This high-traffic location makes it an ideal site for a variety of uses, particularly auto service businesses, but also suitable for other small-scale industrial operations. The property's history, combined with its strategic location and zoning potential, makes it a compelling investment prospect. Serious inquiries are encouraged to explore the full potential of this remarkable property. The address is 2440 Chillum Road, Hyattsville, MD.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1940
Construction BRICK
Total area 776 SF
Lot 0.86 ac (37,500 SF)
Zoning code LTOC
APN 17-1848159
UPID US40-2387917

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
  • Car Dealership

Location

2440 Chillum Rd Hyattsville, MD 20782
Hyattsville metro Census 805000 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2020
Last sale
$200,000
2 recorded transactions
2020
Price N/A
2002
$200,000

Zoning & alternative use

LTOC · Hyattsville, MD

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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