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    3709 Forestville Rd District Heights, MD 20747-4712
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    Property profile & analytics

    3709 Forestville Rd, District Heights, MD 20747-4712

    View on Map
    • Warehouses
    • 1,426 SF
    • 4.86 lot acres
    Off-Market
    Last Sale Jul 5, 2023
    Property ID
    US40-1412074
    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

    • Warehouses

    Property Details for 3709 Forestville Rd

    Year built
    1934
    Lot size
    4.86 lot acres
    Zone code
    IH
    Property type
    Warehouses
    APN
    06-3679651
    APU
    63679651

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 5, 2023 — Southstar Limited Partnership Tdb Properties LLC Special Warranty Deed —
    Apr 8, 2019 — Tbd Properties LLC — Deed · related $3.8M · Diana Havenner Bowling (ct)
    — — Tbd Properties LLC — Deed Of Trust · related $3.8M · Diana Havenner Bowling (ct)
    — — Forestville Road LLC — Deed Of Trust · related $210k · Community Bank Of Tri-county

    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
    District Heights
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8771
    Latitude
    38.8378
    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
    $11,868
    $756,800
    $310,500
    $1,067,300
    -
    $756,800
    $310,500
    $1,067,300

    Comparable in this City

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      7900 Parston Dr

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      7700 Penn Belt Dr

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      7900 Fernham Ln

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    Similar Nearby for Sale

    • Contact for pricing
      26,439 SF

      Renovated Warehouse with Loading Docks

      26,439 SF warehouse with recent renovations and loading docks.
      7927 Parston Dr, Forestville, MD 20747
      View Details
    • Contact for pricing

      Industrial Building with Secured Storage

      32,360 SF industrial building with secured outdoor storage.
      40014011 Penn Belt Pl, Forestville, MD 20747
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    • $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
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    • $1,750,000
      3,710 SF

      Fully Leased Retail Asset

      High-visibility retail asset with long-term tenants and strong cash flow.
      Undisclosed, District Heights, MD 20747
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    • $99,000
      0.74 Acres

      District Heights Land For Sale

      0.74-acre lot for single-family home construction in District Heights, MD.
      2916 Norman Dr, District Heights, MD 20747
      View Details
    • $120,000
      0.30 Acres

      Land in District Heights, MD

      Commercial land available near I-495 and I-295.
      2017 County Rd, District Heights, MD 20747
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      176,244 SF

      Industrial Space with Expansion Potential

      176,244± SF available with expansion, docks, and storage.
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      View Details
    • Contact for pricing
      12,947 SF

      District Heights Flex/Industrial Space

      Multiple suites available for lease in District Heights, Maryland.
      8701-8745 D'arcy Rd, District Heights, MD 20747
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    • Contact for pricing
      46,060 SF

      Industrial Warehouse Space Available

      46,060 square foot warehouse space for lease.
      8755 D'arcy Rd, Forestville, MD 20747
      View Details
    • Contact for pricing
      29,145 SF

      District Heights Warehouse Space Available

      29,145 square foot warehouse space for rent.
      8701 D'arcy Rd, District Heights, MD 20747
      View Details
    • $5 SF/Yr

      District Heights Warehouse Space Available

      Warehouse space available for lease in District Heights, Maryland.
      3905-3917 Penn Belt Pl, District Heights, MD 20747
      View Details
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    District Heights, MD 20747-4712
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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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    3709 Forestville Rd, District Heights, MD, 20747
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