Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6004 Walker Ml Rd Capitol Heights, MD 20743-4305

    • Investment properties
    • 1,119 SF
    • 0.59 lot acres
    OFF-MARKET
    Last Sale
    Oct 16, 2020
    $191,575
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0361096
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Vinn Mattress / Furniture & Home Goods

    Property Details for 6004 Walker Ml Rd

    Year built
    1946
    Construction
    FRAME
    Lot size
    0.59 lot acres
    Property size
    1,119 SF
    Zone code
    IE
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    18-2095875
    APU
    182095875

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Capitol Heights
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9029
    Latitude
    38.8645
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,035
    $128,000
    $144,900
    $272,900
    -
    $128,000
    $144,900
    $272,900

    Comparable in this City

    • Value Estimation by Request
      708 SF

      56 Akin Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 708 SF
      56 Akin Ave, Capitol Heights, MD 20743-6243
      View Details
    • Value Estimation by Request
      1,025 SF

      6190 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,025 SF
      6190 Central Ave, Capitol Heights, MD 20743-6148
      View Details
    • Value Estimation by Request
      1,200 SF

      5923 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,200 SF
      5923 Central Ave, Capitol Heights, MD 20743-6247
      View Details
    • Value Estimation by Request
      1,224 SF

      4208 Quinn St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,224 SF
      4208 Quinn St, Capitol Heights, MD 20743-5651
      View Details
    • Value Estimation
      $1,100,000
      5,140 SF

      5371 Sheriff Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,140 SF
      5371 Sheriff Rd, Fairmount Heights, MD 20743-1310
      View Details
    • Value Estimation by Request
      1,530 SF

      5309 Altoona St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,530 SF
      5309 Altoona St, Capitol Heights, MD 20743-6203
      View Details

    Similar Nearby for Sale

    • $680,000

      Mixed-Use Property with Redevelopment Potential

      Mixed-use property with income potential and adjacent vacant lot.
      601 Eastern Ave Ne, Capitol Heights, MD 20743
      View Details
    • $700,000

      Rare Industrial Condo Portfolio

      Three adjacent industrial condo units for sale near DC border.
      1789 Olive St, Capitol Heights, MD 20743
      View Details
    • $165,000
      0.52 Acres

      Capitol Heights Vacant Development Lot

      Vacant lot suitable for residential or commercial development.
      4619 Southern Ave, Capitol Heights, MD 20743
      View Details
    • $110,000
      0.13 Acres

      Permit Ready Land For Sale

      Shovel-ready lot with approved permits for a multi-generational house.
      1426 Pacific Ave, Capitol Heights, MD 20743
      View Details
    • $45,000
      0.09 Acres

      Capitol Heights Land For Sale

      Flat, mostly clear lot with metal fence in Capitol Heights.
      Drum Ave, Capitol Heights, MD 20743
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,748 SF

      Retail Space Near Metro Station

      Retail space with high visibility and ample customer parking.
      6214 Central Ave, Capitol Heights, MD 20743
      View Details
    • Contact for pricing
      35,000 SF

      Capitol Heights Warehouse Space Available

      35,000 SF warehouse space with convenient highway access.
      8700-8800 Edgeworth Dr, Capitol Heights, MD 20743
      View Details
    • $3 SF/Yr
      24,100 SF

      Capitol Heights Commercial Land For Lease

      Prime 24,100 SF Commercial Land Parcel
      208 Hampton Ave, Capitol Heights, MD 20743
      View Details
    • Contact for pricing

      Ritchie Station Marketplace Retail Spaces

      Premier shopping center with modern retail spaces and excellent visibility.
      1680 Ritchie Station Ct, Capitol Heights, MD 20743
      View Details
    • Contact for pricing

      Steeplechase 95 Business Park Pad

      Pad sites available in Steeplechase 95 business park.
      9221 Alaking Ct, Capitol Heights, MD 20743
      View Details
    • Contact for pricing
      46,610 SF

      Capitol Heights Warehouse and Distribution

      Class A warehouse and distribution space with refrigeration and office.
      1001 Hampton Park Blvd, Capitol Heights, MD 20743
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6004 Walker Ml Rd
    Capitol Heights, MD 20743-4305
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!