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

    4700 Cherry Hl Rd College Park, MD 20740-1330

    • Outlet malls
    • 110,185 SF
    • 21.50 lot acres
    OFF-MARKET
    Last Sale
    May 24, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1228297
    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

    • Truck Rental Center at The Home Depot / Truck Rental Agency / Van Rental Agency
    • Primo Water Exchange / Bottled Water Supplier
    • Pro Desk at The Home Depot / Dry Wall Supply Store / Marble Supplier
    • Garden Center at The Home Depot / Fence Supply Store / Garden Furniture Shop
    • 911 Auto Glass / Auto Glass Shop

    Property Details for 4700 Cherry Hl Rd

    Year built
    1998
    Construction
    BRICK
    Lot size
    21.50 lot acres
    Property size
    110,185 SF
    Zone code
    NAC
    Property type
    Outlet malls
    APN
    01-0023572
    APU
    10023572

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $45,955,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $85,790,000
      Change: +87% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $72,915,000
      Change: +59% Conversion: Difficult
      RESTAURANT
      $68,280,000
      Change: +49% Conversion: Easy
      AUTO REPAIR, GARAGE
      $45,675,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    College Park
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9299
    Latitude
    39.0168
    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
    $593,627
    $0.00
    $0.00
    $43,085,167
    -
    $1,673,300
    $43,079,000
    $44,752,300

    Comparable in this City

    • Value Estimation by Request
      352,684 SF

      10100 Baltimore Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 352,684 SF
      10100 Baltimore Ave, College Park, MD 20740-4208
      View Details
    • Value Estimation
      $4,700,000
      5,740 SF

      9300 Baltimore Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 5,740 SF
      9300 Baltimore Ave, College Park, MD 20740-1318
      View Details
    • Value Estimation
      $6,130,000
      17,675 SF

      9031 Baltimore Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 17,675 SF
      9031 Baltimore Ave, College Park, MD 20740-1311
      View Details
    • Value Estimation by Request
      34,840 SF

      8601 Baltimore Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 34,840 SF
      8601 Baltimore Ave, College Park, MD 20740-2130
      View Details
    • Value Estimation
      $10,290,000
      35,382 SF

      9801 Rhode Is Ave

      SHOPPING CENTER, STRIP CENTER • 35,382 SF
      9801 Rhode Is Ave, College Park, MD 20740-1423
      View Details
    • Value Estimation
      $2,870,000
      10,558 SF

      9931 Rhode Is Ave

      SHOPPING CENTER, STRIP CENTER • 10,558 SF
      9931 Rhode Is Ave, College Park, MD 20740-1465
      View Details

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    Similar Nearby for Lease

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      1,000 SF

      College Park Shopping Center Space

      49,193 SF shopping center near University of Maryland.
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      49,193 SF

      Hollywood Shopping Center: College Park Retail

      Prime College Park retail space. Multiple units available.
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    • $50 SF/Yr
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      College Park Restaurant Space Available

      End-cap restaurant space near the University of Maryland.
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      6,127 SF

      College Park Retail Spaces Available

      Four retail spaces, prime College Park location.
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      1,213 SF

      Retail Space Near University

      Retail space available for lease near University of Maryland.
      9925-9937 Rhode Island Ave, College Park, MD 20740
      View Details
    • Contact for pricing
      1,589 SF

      Retail Space in College Park

      Retail space available in a dynamic, growing College Park area.
      4400 Calvert Rd, College Park, MD 20740
      View Details

    Property Visit Statistics

    • Visits by month
      64.9k
    • Visitors by month
      42.8k
    • Avg Time on site
      24 min
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    College Park, MD 20740-1330
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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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