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    3800 34Th St Mount Rainier, MD 20712
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    3800 34Th St Mount Rainier, MD 20712

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    • Office buildings
    • 3,024 SF
    • 0.04 lot acres
    For Sale
    $590,000
    View Listing →
    Mount Rainier Bank Building For Sale For Sale
    $590,000
    3,024 SF

    Mount Rainier Bank Building For Sale

    Architecturally distinctive 1920s bank building in vibrant commercial district.

    3800 34th St, Mount Rainier, MD 20712
    View Listing
    Property ID
    US40-0323263
    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

    • Smoke-Stock & Chimney Cleaning Firesafe-Service, BFL / Building Supply / Hardware & Home Improvement

    Property Details for 3800 34Th St

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.04 lot acres
    Property size
    3,024 SF
    Zone code
    LMUTC
    Property type
    Office buildings
    APN
    17-1846773
    APU
    171846773

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $583,000
      Market price range: $458k - $1.12M
      AI Estimate
      $501,000
      Market price range: $383k - $957k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $770,000
      Current use
      WAREHOUSE, STORAGE
      $845,000
      Change: +10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Rainier
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9611
    Latitude
    38.9367
    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
    $0.00
    $0.00
    $0.00
    $323,633
    -
    $85,300
    $242,100
    $327,400

    Comparable in this City

    • Value Estimation
      $1,110,000
      3,500 SF

      3235 Rhode Is Ave

      OFFICE BUILDING • 3,500 SF
      3235 Rhode Is Ave, Mount Rainier, MD 20712-2036
      View Details
    • Value Estimation
      $885,000
      3,308 SF

      3501 Perry St

      OFFICE BUILDING • 3,308 SF
      3501 Perry St, Mount Rainier, MD 20712-2141
      View Details
    • Value Estimation
      $2,150,000
      8,190 SF

      3210 Rhode Is Ave

      OFFICE BUILDING • 8,190 SF
      3210 Rhode Is Ave, Mount Rainier, MD 20712-2035
      View Details
    • Value Estimation
      $1,050,000
      6,481 SF

      3802 34th St

      OFFICE BUILDING • 6,481 SF
      3802 34th St, Mount Rainier, MD 20712-2022
      View Details
    • Value Estimation by Request
      2,006 SF

      3403 Perry St

      OFFICE BUILDING • 2,006 SF
      3403 Perry St, Mount Rainier, MD 20712-2139
      View Details
    • Value Estimation
      $1,240,000
      6,772 SF

      4637 Eastern Ave

      OFFICE BUILDING • 6,772 SF
      4637 Eastern Ave, Mount Rainier, MD 20712-2407
      View Details

    Similar Nearby for Sale

    • $649,834

      Freestanding Commercial Property in Mount Rainier

      Classic mixed-use building with expansion potential in a vibrant town center.
      3407 Perry St, Mount Rainier, MD 20712
      View Details
    • $3,400,000
      Pending

      Historic Church with Revival Style

      Two-story, 15,000 SF church with sanctuary and banquet hall.
      3501 Bunker Hill Rd, Mount Rainier, MD 20712
      View Details
    • Contact for pricing

      Turnkey Hookah Lounge Operation

      Hookah lounge for sale, centrally located, licensed for 24-hour operation.
      3235 Rhode Island Ave, Mount Rainier, MD 20712
      View Details

    Similar Nearby for Lease

    • $2,009 /Mo

      Mount Rainier Creative Space Available

      Second-floor space in vibrant Gateway Arts District.
      3815 34Th St, Mount Rainier, MD 20712
      View Details
    • $2,500 /Mo
      396 SF

      Mount Rainier Commercial Space Available

      Versatile 1,000 SF space ideal for office or retail.
      3305 Perry St, Mount Rainier, MD 20712
      View Details
    • $5,487 /Mo

      Retail Space on Rhode Island

      2,195 SF retail space in vibrant Mount Rainier, MD.
      3301 Rhode Island Ave, Mount Rainier, MD 20712
      View Details
    • $5,488 /Mo

      Retail Space on Rhode Island

      2,195 SF retail space in vibrant Mount Rainier, MD.
      3301 Rhode Island Ave, Mount Rainier, MD 20712
      View Details
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    Mount Rainier, MD 20712
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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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