Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2709 Ritchie Rd District Heights, MD 20747-3743

    Property Lookup

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

    2709 Ritchie Rd District Heights, MD 20747-3743

    View on Map
    • Commercial real estate
    • 2,853 SF
    • 1.00 lot acres
    Off-Market
    Last Sale Oct 27, 2023
    $559,000
    Property ID
    US40-0494246
    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
    $560,000
    Show details
    Cap Rate Potential
    5.2%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2709 Ritchie Rd

    Year built
    1924
    Construction
    FRAME
    Lot size
    1.00 lot acres
    Property size
    2,853 SF
    Zone code
    RSF95
    Property type
    Commercial real estate
    APN
    06-0615641
    APU
    60615641

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $695,000
      ML approach
      $625,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $600,000
      6.5%
      $555,000
      7%
      $515,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $576,000
      Market price range: $523k - $765k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $865,000
      WAREHOUSE, STORAGE
      $795,000

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

    Location Insight

    • Map
    • Local Demand
    City
    District Heights
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8716
    Latitude
    38.8518
    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
    $6,453
    $294,000
    $286,300
    $580,300
    -
    $294,000
    $286,300
    $580,300

    Comparable in this City

    • 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
    • Value Estimation by Request
      0.18 Acres

      2604 Parkland Dr

      COMMERCIAL (GENERAL) • 0.18 Acres
      2604 Parkland Dr, District Heights, MD 20747
      View Details
    • Value Estimation
      $7,000,000
      0.35 Acres

      5410 Marlboro Pike

      COMMERCIAL (GENERAL) • 0.35 Acres
      5410 Marlboro Pike, District Heights, MD 20747-1003
      View Details
    • Value Estimation by Request
      960 SF

      5812 Marlboro Pike

      COMMERCIAL (GENERAL) • 960 SF
      5812 Marlboro Pike, District Heights, MD 20747-1140
      View Details
    • Value Estimation by Request
      0.66 Acres

      6702 Chavez Ln

      COMMERCIAL (GENERAL) • 0.66 Acres
      6702 Chavez Ln, District Heights, MD 20747
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Building with Secured Storage

      32,360 SF industrial building with secured outdoor storage.
      40014011 Penn Belt Pl, Forestville, MD 20747
      View Details
    • $425,000
      1.44 Acres

      District Heights Vacant Commercial Land

      1.44+/- acre outparcel in a strong commercial corridor.
      6301 Marlboro Pike, 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
    • Contact for pricing
      8,236 SF

      Automotive Property on Marlboro Pike

      Automotive property with term until 2027 in prime location.
      7100 Marlboro Pike, District Heights, MD 20747
      View Details
    • $250,000
      1.50 Acres

      District Heights Commercial Zoned Land

      1.5 acres of commercial land in District Heights, MD.
      Walters Ln, District Heights, MD 20747
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Forestville, Maryland.
      2950 Donnell Dr, Forestville, MD 20747
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available near high-traffic area and shopping centers.
      5404 Marlboro Pike, District Heights, MD 20747
      View Details
    • Contact for pricing
      5,865 SF

      Retail Space Near Major Highways

      Retail space with high traffic and easy highway access.
      2950-3436 Donnell Dr, Forestville, MD 20747
      View Details
    • Contact for pricing
      1,157 SF

      Retail Space in District Heights

      Retail space available in a busy District Heights corridor.
      5805 Silver Hill Rd, District Heights, MD 20747
      View Details
    • $34 SF/Yr
      4,028 SF

      Freestanding Retail Building For Rent

      4,028 SF freestanding retail building available for rent.
      6960 Marlboro Pike, District Heights, MD 20747
      View Details
    • Contact for pricing
      16,060 SF

      Forestville Industrial Flex Space Available

      Multiple suites available, ranging from 6,600 to 46,060 square feet.
      8755-8799 Darcy Rd, Forestville, 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.
    2709 Ritchie Rd
    District Heights, MD 20747-3743
    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

    Thank You for Inquiry

    2709 Ritchie Rd, District Heights, MD, 20747

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!