Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6065 Old Central Ave Capitol Heights, MD 20743

    • Commercial real estate
    • 1,699 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-2234931
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 6065 Old Central Ave

    Year built
    1935
    Construction
    FRAME
    Lot size
    0.09 lot acres
    Property size
    1,699 SF
    Zone code
    LTOE
    Property type
    Commercial real estate
    APN
    18-2010312
    APU
    182010312

    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
    -76.9118
    Latitude
    38.8846
    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
    $3,381
    $36,000
    $209,200
    $245,200
    -
    $36,000
    $209,200
    $245,200

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      4900 Marlboro Pike

      COMMERCIAL (GENERAL) • 0.14 Acres
      4900 Marlboro Pike, Capitol Heights, MD 20743-5251
      View Details
    • Value Estimation by Request
      1,272 SF

      9105 Hampton Overlook

      COMMERCIAL (GENERAL) • 1,272 SF
      9105 Hampton Overlook, Capitol Heights, MD 20743-3836
      View Details
    • Value Estimation by Request
      859 SF

      1852 Rochelle Ave

      COMMERCIAL (GENERAL) • 859 SF
      1852 Rochelle Ave, Capitol Heights, MD 20743-4306
      View Details
    • Value Estimation by Request
      833 SF

      1850 Rochelle Ave

      COMMERCIAL (GENERAL) • 833 SF
      1850 Rochelle Ave, Capitol Heights, MD 20743-4306
      View Details
    • Value Estimation by Request
      1,272 SF

      9107 Hampton Overlook

      COMMERCIAL (GENERAL) • 1,272 SF
      9107 Hampton Overlook, Capitol Heights, MD 20743-3836
      View Details
    • Value Estimation by Request
      896 SF

      5103 Leroy Gorham Dr

      COMMERCIAL (GENERAL) • 896 SF
      5103 Leroy Gorham Dr, Capitol Heights, MD 20743-6627
      View Details

    Similar Nearby for Sale

    • $150,000
      0.25 Acres

      Capitol Heights Commercial Land Parcel

      Five lots, 0.248 acres, high visibility.
      5211 Marlboro Pike, Capitol Heights, MD 20743
      View Details
    • $700,000

      Capitol Heights Industrial Condo Portfolio

      Three adjacent industrial condo units near DC border for sale.
      1793 Olive St, Capitol Heights, MD 20743
      View Details
    • $379,999
      0.09 Acres

      Capitol Heights Development Opportunity

      Five contiguous lots near Metro, ideal for development.
      5927 Central Ave, Capitol Heights, MD 20743
      View Details
    • $2,300,000
      13,455 SF

      Multi-Tenant Industrial Asset For Sale

      13,455 SF multi-tenant industrial asset on 1.02 acres.
      6118 Central Ave, Capitol Heights, MD 20743
      View Details
    • $500,000

      Industrial Land Near Metro Station

      Two industrial parcels totaling 1.91 acres near major routes.
      1413-1415 Addison Rd S, Capitol Heights, MD 20743
      View Details
    • $484,900

      Fairmount Heights Specialty Property

      Specialty property available for sale in Fairmount Heights.
      710 61St Ave, Fairmount Heights, MD 20743
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      2,513 SF

      Capitol Heights Industrial Condo For Rent

      2,513 SF industrial condo in Capitol Heights, MD for lease.
      8741 Ashwood Dr, Capitol Heights, MD 20743
      View Details
    • $7 SF/Yr
      45,000 SF

      Capitol Heights Office Space Available

      Office space for lease in Capitol Heights, Maryland.
      9227-9229 Hampton Overlook, 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
    • 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
    • $12 SF/Yr

      Industrial Property for Rent

      Industrial property available for rent in Capitol Heights, MD.
      207 W Hampton Ave, 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.
    6065 Old Central Ave
    Capitol Heights, MD 20743
    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.