Property profile

4400 Calvert Rd College Park, MD 20740

OFF-MARKET
Commercial land
Property ID
US40-0346411
22,090 SF 1.53 ac lot Built 1962
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a 1,589-square-foot retail space located on Calvert Road in College Park, Maryland. It is situated in a trade area supported by a large nearby daytime and resident population associated with the University of Maryland and the downtown College Park area, and it is positioned near the Discovery District, a 130-acre research-focused office park that is associated with approximately 5,000 employees. The broader area is characterized as transit-oriented and walkable, and nearby development plans have included proposals for additional residential units, hotel rooms, and commercial space.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1962
Construction BRICK
Total area 22,090 SF
Lot 1.53 ac (66,734 SF)
Zoning code LTOE
APN 21-2420057
UPID US40-0346411

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Condominium Complex Apartment Complex

Location

4400 Calvert Rd College Park, MD 20740-3348
College Park metro Census 980000 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.29M
Comparable Approach Comparable
$6.17M
Blend (final) Blend
$4.97M

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2020
$7.0M
2020
Price N/A
1969
Price N/A

Zoning & alternative use

LTOE · College Park, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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