Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2601 Ritchie Rd District Heights, MD 20747-3741

    • Specialty properties
    • 6,384 SF
    • 2.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0537798
    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

    • Specialty properties

    Property Details for 2601 Ritchie Rd

    Year built
    1969
    Construction
    FRAME
    Lot size
    2.25 lot acres
    Property size
    6,384 SF
    Zone code
    RSF95
    Property type
    Specialty properties
    APN
    06-0472142
    APU
    60472142

    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
    District Heights
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8715
    Latitude
    38.8536
    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
    $2,670
    $82,800
    $157,300
    $240,100
    -
    $82,800
    $157,300
    $240,100

    Comparable in this City

    • Value Estimation
      $860,000
      6,400 SF

      7515 Marlboro Pike

      CHARITABLE ORGANIZATION • 6,400 SF
      7515 Marlboro Pike, District Heights, MD 20747-4347
      View Details
    • Value Estimation by Request
      10,336 SF

      5538 Marlboro Pike

      FUNERAL HOME • 10,336 SF
      5538 Marlboro Pike, District Heights, MD 20747-1134
      View Details
    • Value Estimation by Request
      1,382 SF

      5833 Marlboro Pike

      DAY CARE, PRE-SCHOOL • 1,382 SF
      5833 Marlboro Pike, District Heights, MD 20747-1149
      View Details
    • Value Estimation by Request
      3,500 SF

      3001 Plz Dr

      DAY CARE, PRE-SCHOOL • 3,500 SF
      3001 Plz Dr, District Heights, MD 20747-2765
      View Details
    • Value Estimation by Request
      0.06 Acres

      6218 Marlboro Pike

      COMMERCIAL (GENERAL) • 0.06 Acres
      6218 Marlboro Pike, District Heights, MD 20747
      View Details
    • Value Estimation by Request
      0.06 Acres

      3105 Maygreen Ave

      COMMERCIAL (GENERAL) • 0.06 Acres
      3105 Maygreen Ave, District Heights, MD 20747-4351
      View Details

    Similar Nearby for Sale

    • $415,000

      District Heights Religious Facility

      Religious facility for sale in District Heights, Maryland.
      6807 Elmhurst St, District Heights, MD 20747
      View Details
    • $2,975,000
      12,032 SF

      Religious Facility & Residential Parsonage

      Ten parcels with church, residence, and ample parking near DC.
      7230 Lansdale St, District Heights, MD 20747
      View Details
    • $7,275,000

      Renovated Industrial Building For Sale

      26,439 SF industrial building with recent renovations and prime location.
      7925-7929 Parston Dr, District Heights, MD 20747
      View Details
    • $200,000

      Commercial Lot Ready For Development

      Excellent commercial lot with opportunity to build in District Heights.
      2017 County Rd, District Heights, MD 20747
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,500 SF

      Freestanding Warehouse with Fenced Yard

      18,500± SF warehouse with yard, available Q4 2025.
      8101 Parston Dr, Forestville, MD 20747
      View Details
    • Contact for pricing
      87,645 SF

      Premier Industrial Property in Forestville

      87,645 SF industrial space on 6 acres for lease.
      7917 Fernham Ln, Forestville, MD 20747
      View Details
    • Contact for pricing
      1,565 SF

      Forestville Retail Space For Lease

      Prime 1,565 SF Retail Space in Forestville, MD
      3550 Donnell Dr, Forestville, MD 20747
      View Details
    • Contact for pricing
      246,241 SF

      District Heights Retail Space For Lease

      Prime Retail, Multiple Units Available
      5600 Silver Hill Rd, District Heights, MD 20747
      View Details
    • Contact for pricing
      176,244 SF

      Renovated Warehouse with Expansion Potential

      Recently renovated warehouse with expansion and easy highway access.
      3300 Marlo Ln, Forestville, MD 20747
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in District Heights

      Retail space available in a busy shopping center.
      5692 Silver Hill Rd, District Heights, MD 20747
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2601 Ritchie Rd
    District Heights, MD 20747-3741
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!