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    2440 Chillum Rd Hyattsville, MD 20782-3629
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    2440 Chillum Rd Hyattsville, MD 20782-3629

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    • Auto shops
    • 776 SF
    • 0.86 lot acres
    For Sale
    $1,550,000
    View Listing →
    Retail Storefront in Hyattsville For Sale
    $1,550,000
    1,316 SF

    Retail Storefront in Hyattsville

    Retail storefront property for sale in Hyattsville, Maryland.

    2440 Chillum Rd, Hyattsville, MD 20782
    View Listing
    Property ID
    US40-2387917
    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

    • Buttrey's Auto Inc / Car Dealership

    Property Details for 2440 Chillum Rd

    Year built
    1940
    Construction
    BRICK
    Lot size
    0.86 lot acres
    Property size
    776 SF
    Zone code
    LTOC
    Property type
    Auto shops
    APN
    17-1848159
    APU
    171848159

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hyattsville
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9688
    Latitude
    38.9524
    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
    $9,248
    $0.00
    $0.00
    $831,633
    -
    $937,500
    $140,500
    $1,078,000

    Comparable in this City

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      $1,085,000
      2,430 SF

      2901 Hamilton St

      AUTO REPAIR, GARAGE • 2,430 SF
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    • Value Estimation
      $1,505,000
      3,300 SF

      2434 Chillum Rd

      AUTO REPAIR, GARAGE • 3,300 SF
      2434 Chillum Rd, Hyattsville, MD 20782-3629
      View Details
    • Value Estimation
      $800,000
      1,760 SF

      5390 Ager Rd

      AUTO REPAIR, GARAGE • 1,760 SF
      5390 Ager Rd, Hyattsville, MD 20782-3742
      View Details
    • Value Estimation
      $2,460,000
      5,402 SF

      2460 Chillum Rd

      AUTO REPAIR, GARAGE • 5,402 SF
      2460 Chillum Rd, Hyattsville, MD 20782-3629
      View Details
    • Value Estimation
      $565,000
      1,624 SF

      3290 Queens Chapel Rd

      AUTO REPAIR, GARAGE • 1,624 SF
      3290 Queens Chapel Rd, Hyattsville, MD 20782-3666
      View Details
    • Value Estimation by Request
      403,068 SF

      2900 Belcrest Ctr Dr

      PARKING GARAGE, PARKING STRUCTURE • 403,068 SF
      2900 Belcrest Ctr Dr, Hyattsville, MD 20782-1912
      View Details

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    Similar Nearby for Lease

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      Retail Space For Lease

      Retail space available for lease in Hyattsville, MD.
      3702 Hwy East-West, Hyattsville, MD 20782
      View Details
    • Contact for pricing
      1,256 SF

      Retail Spaces Near Hyattsville Metro

      Retail spaces for lease near Hyattsville Crossing Metro Station.
      2900-2970 Belcrest Center Dr, Hyattsville, MD 20782
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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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      2,052 SF

      Retail Space in Hyattsville, MD

      2,052 SF retail space near Prince George's Plaza Metro.
      6400 America Blvd, Hyattsville, MD 20782
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      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
      View Details
    View Listing
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    Hyattsville, MD 20782-3629
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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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    2440 Chillum Rd, Hyattsville, MD, 20782
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