Property profile

4701 Melbourne Pl College Park, MD 20740

OFF-MARKET
Office buildings
Property ID
US40-1209680
8,064 SF 0.4 ac lot Built 1998
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Construction BRICK
Total area 8,064 SF
Lot 0.4 ac (17,498 SF)
Zoning code NAC
APN 21-2284107
UPID US40-1209680

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
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

4701 Melbourne Pl College Park, MD 20740-2540
College Park metro Census 807000 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
by Request
Comparable Approach Comparable
$2.05M
Blend (final) Blend
$990k

Owner & transaction history

since 2013
6 recorded transactions
2013
$1.0M
2000
$280,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

NAC · College Park, MD
Zoning description

The purposes of the Neighborhood Activity Center (NAC) Zone are to provide lands for lower density, small scale, mixed use centers that are attractive to employers and employees, are well connected to transit, and serve…

General category MIXED_USE
Top alternative use upside
Retail stores $3.4M +63.8%
Auto repair, garage $3.3M +62.8%
Commercial (general) $2.7M +29.4%

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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