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Property profile & analytics
OFF-MARKET
Estimated value
$4,575,000
Retail space
5933 Martin Luther King Jr Hwy Capitol Heights, MD 20743-1754
Individually Owned
11-yr Hold
Free & Clear
Property ID
US40-0676755
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
BRICK
Total area
18,150 SF
Lot
3.73 ac (162,479 SF)
Zoning code
IE
APN
18-2032142
UPID
US40-0676755
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
-
Amazon Hub Locker - Critic Postal Service Courier Service
-
Save A Lot Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.28M
Comparable Approach
Comparable
$2.98M
Blend (final)
Blend
$4.58M
Owner & transaction history
Seat Pleasant Shopping Center · 11 yrs held
Seat Pleasant Shopping Center
since 2015
1 recorded transaction
Zoning & alternative use
IE · Capitol Heights, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purposes of the Industrial, Employment (IE) Zone are to provide for a mix of employment, research and development, and light industrial development, with an expectation of high quality design that is set apart from the high traffic generating commercial zones and residential communities, to provide lands to serve light industrial uses while prohibiting m…
Zone name
Industrial Employment
General category
INDUSTRIAL
Zone area
123.60 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 Capitol Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Capitol Heights 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,795,000
6.5%
$6,275,000
7%
$5,825,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,570,000
Current use
AUTO REPAIR, GARAGE
$7,525,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$4.58M
Range $4.12M – $5.03M · ±10%
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
$252 / 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
$48,053
Tax year 2023
Assessed value
$3,064,600
Assessed 2023
Previous assessed
$3,020,600
+1.5% YoY
Effective rate
1.57%
On assessed value
Assessed land
$974,800
Assessed improvement
$2,089,800
Land market value
$974,800
Improvement market value
$2,089,800
Total market value
$3,064,600
Applied tax rate
94.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
18,150 SF
Lot
3.73 ac (162,479 SF)
Zoning code
IE
APN
18-2032142
UPID
US40-0676755
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Capitol Heights, MDZoning IE · permitted uses
IE · Capitol Heights, 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 Industrial, Employment (IE) Zone are to provide for a mix of employment, research and development, and light industrial development, with an expectation of high quality design that is set apart from the high traffic generating commercial zones and residential communities, to provide lands to serve light industrial uses while prohibiting more intensive forms of industrial development.
Zone name
Industrial Employment
General category
INDUSTRIAL
Zone area
123.60 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$7.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1960
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
2
Lot
3.73 ac
Current owner
From public records · entity-resolved
Seat Pleasant Shopping Center
Individual
Free & Clear · 11 yrs held
Mailing address
3303 CLEARWOOD CT, FALLS CHURCH, VA 22042-4101
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2015
—
Seat Pleasant Shopping Center
Spanos,john & Ermione
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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