Individually Owned Property summary
The property consists of 4.6 acres and is situated along a busy roadway corridor within an Opportunity Zone, providing roadway visibility and convenient access. It is zoned NAC: Transit-Oriented / Activity Center, which permits up to 90 residential units per acre. The University of Maryland is located approximately one mile to the south, and the site is positioned along a route with reported traffic volumes of more than 38,000 vehicles per day. The property has been used to generate gross annual rental income exceeding $580,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
NAC · College Park, MDThe 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NAC in College Park, MD.
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