5211 Marlboro Pike Capitol Heights, MD 20743
- Commercial real estate
- 972 SF
- 0.25 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5211 Marlboro Pike
- Year built
- 1940
- Construction
- FRAME
- Lot size
- 0.25 lot acres
- Property size
- 972 SF
- Zone code
- RSF65
- Property type
- Commercial real estate
- APN
- 06-0426270
- APU
- 60426270
Description
This exceptional commercial land opportunity presents 0.248 acres ideally situated on Marlboro Pike in Capitol Heights, Maryland. The property, identified as 5211 Marlboro Pike, consists of five individual lots (Lots 1, 2, 3, 4, and Block 5) as per the "Spaulding Heights" subdivision plat. This prime location offers high visibility along a major thoroughfare, making it perfect for various commercial ventures. The land is zoned RSF-65, allowing for residential single-family development. The asking price for this entire parcel is $150,000. This represents a unique chance to acquire a strategically positioned land holding in a growing area of Prince George's County, with a zip code of 20743. The property's coordinates are 38.8683886 latitude and -76.91802 longitude. Serious inquiries are encouraged to explore the development potential of this valuable asset. This is a rare opportunity to acquire a substantial land parcel in a high-traffic area.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $255,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $205,000
- 6.5%
- $190,000
- 7%
- $175,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $163,000
- AI Estimate
- $165,000
Market price range: $150k - $276kMarket price range: $166k - $271k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $225,000 Current use
- RETAIL STORES
- $405,000 Change: +81% Conversion: Easy
- AUTO REPAIR, GARAGE
- $405,000 Change: +80% Conversion: Difficult
- MEDICAL BUILDING
- $295,000 Change: +32% Conversion: Easy
- OFFICE BUILDING
- $245,000 Change: +11% Conversion: Easy
- WAREHOUSE, STORAGE
- $235,000 Change: +4% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Capitol Heights
- County
- Prince George's
- State
- Maryland
- Longitude
- -76.9181
- Latitude
- 38.8684
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA