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Property profile & analytics
OFF-MARKET
Estimated value
$22,235,000
Strip malls
5331 Baltimore Ave Hyattsville, MD 20781-1926
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0588040
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2011
Total area
22,495 SF
Lot
1.18 ac (51,401 SF)
Zoning code
NAC
APN
16-5504717
UPID
US40-0588040
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Frame Savvy (Bike/Boat/Book/etc) Store Home Decor Store
-
Jonathan Look Physician
-
Cynthia Reynolds-Temple, OD Physician
-
National Harbor Visitors Guide Travel Agency
-
Dr. Dreka Williams Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.71M
Blend (final)
Blend
$22.24M
Owner & transaction history
Dk Arts District LLC · 3 yrs held
Dk Arts District LLC
since 2022
Last sale
$20.2M
4 recorded transactions
Zoning & alternative use
NAC · Hyattsville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 the surrounding neighborhood, to provide a mix of uses that serve local neighborhood needs.
Zone name
Neighborhood Activity Center Zone
General category
MIXED_USE
Zone area
99.74 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hyattsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hyattsville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$23,775,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$17,515,000
Current use
Blend value · Realmo final
$22.24M
Range $20.01M – $24.46M · ±10% · vs last sale $20.23M (Sep 28 2022)
Last sale anchor
$20.23M
Sep 28 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$988 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$102,362
Tax year 2023
Assessed value
$6,425,767
Assessed 2023
Previous assessed
$5,276,433
+21.8% YoY
Effective rate
1.59%
On assessed value
Land market value
$1,285,000
Improvement market value
$6,290,100
Total market value
$7,575,100
Applied tax rate
88.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2011
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
22,495 SF
Lot
1.18 ac (51,401 SF)
Zoning code
NAC
APN
16-5504717
UPID
US40-0588040
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
NAC · Hyattsville, MDZoning NAC · permitted uses
NAC · Hyattsville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 the surrounding neighborhood, to provide a mix of uses that serve local neighborhood needs.
Zone name
Neighborhood Activity Center Zone
General category
MIXED_USE
Zone area
99.74 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$17.5M
NEIGHBORHOOD: SHOPPING CENTER Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Dk Arts District LLC
Entity
Mailing address
1777 REISTERSTOWN RD STE #165, BALTIMORE, MD 21208-6419
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2022
$20,231,000
Dk Arts District LLC
Cedar Hyattsville LLC
Special Warranty Deed
$88,000,000 · United Bank
Mar 1, 2016
$20,500,000
Cedar Hyattsville LLC
Adh Retail LLC
Grant Deed
—
Apr 9, 2010
—
Adh Retail LLC
Lh Retail LLC
Grant Deed
$7,874,158 · Eagle Bank
Aug 26, 2008
$1,000,000
Lh Retail LLC
L & B Investment LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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