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    Property profile & analytics

    6116 Marlboro Pike District Heights, MD 20747

    • Retail space
    • 2,640 SF
    • 0.36 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0344187
    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

    • Retail space

    Property Details for 6116 Marlboro Pike

    Year built
    1970
    Construction
    BRICK
    Lot size
    0.36 lot acres
    Property size
    2,640 SF
    Zone code
    CGO
    Property type
    Retail space
    APN
    06-0551564
    APU
    60551564

    Description

    This exceptional freestanding retail building, located at 6116 Marlboro Pike in District Heights, Maryland, presents a compelling investment opportunity. Boasting 2,789 square feet of space, the property sits on a 0.36-acre lot and offers significant road frontage and exposure on a busy thoroughfare, enhanced by pylon signage. Built in 1970, the single-tenant building provides ample parking with 14 spaces available for customers and employees. The property is zoned Commercial, General and Office (CGO), allowing for a variety of potential uses. The building's single-tenant occupancy simplifies management and provides a stable income stream. Its prime location in District Heights, Maryland, zip code 20747, ensures high visibility and accessibility for customers. This property is ideal for owner-occupiers or investors seeking a well-maintained, strategically located retail space with excellent potential for growth. The property's size and location make it an attractive option for a variety of retail businesses seeking a high-traffic location. The ample parking further enhances its appeal to potential tenants and customers. This is a rare opportunity to acquire a well-positioned retail property in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $990,000
      6.5%
      $910,000
      7%
      $845,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $444,000
      Market price range: $152k - $632k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,100,000
      Current use
      AUTO REPAIR, GARAGE
      $1,095,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    District Heights
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9013
    Latitude
    38.856
    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
    $7,303
    $154,900
    $278,600
    $433,500
    -
    $154,900
    $278,600
    $433,500

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      6318 Marlboro Pike

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      6318 Marlboro Pike, District Heights, MD 20747-2880
      View Details
    • Value Estimation
      $2,150,000
      7,548 SF

      7110 Marlboro Pike

      RETAIL STORES (PERSONAL SERVICES) • 7,548 SF
      7110 Marlboro Pike, District Heights, MD 20747-4336
      View Details
    • Value Estimation
      $1,095,000
      3,154 SF

      7613 Marlboro Pike

      RETAIL STORES (PERSONAL SERVICES) • 3,154 SF
      7613 Marlboro Pike, District Heights, MD 20747-4349
      View Details
    • Value Estimation
      $1,385,000
      5,334 SF

      7704 Marlboro Pike

      RETAIL STORES (PERSONAL SERVICES) • 5,334 SF
      7704 Marlboro Pike, District Heights, MD 20747-4410
      View Details
    • Value Estimation
      $520,000
      1,680 SF

      7619 Marlboro Pike

      RETAIL STORES (PERSONAL SERVICES) • 1,680 SF
      7619 Marlboro Pike, District Heights, MD 20747-4368
      View Details
    • Value Estimation
      $650,000
      2,710 SF

      6209 Marlboro Pike

      RETAIL STORES (PERSONAL SERVICES) • 2,710 SF
      6209 Marlboro Pike, District Heights, MD 20747-2803
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,236 SF

      Automotive Property on Marlboro Pike

      Automotive property with term until 2027 in prime location.
      7100 Marlboro Pike, District Heights, MD 20747
      View Details
    • $375,000
      1,880 SF

      Renovated Townhome in District Heights

      Newly renovated 3-bedroom townhome with finished basement near amenities.
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    • $99,000
      0.74 Acres

      District Heights Land For Sale

      0.74-acre lot for single-family home construction in District Heights, MD.
      2916 Norman Dr, District Heights, MD 20747
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    • $75,000
      0.19 Acres

      Residential Lot with Ready-to-Build Permits

      Residential lot with permits and plans near DC/MD metro border.
      1307 Asheville Rd, District Heights, MD 20747
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    • $2,975,000
      12,032 SF

      Religious Facility & Residential Parsonage

      Ten parcels with church, residence, and ample parking near DC.
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    • $700,000

      1.441 Acres at Marlboro Pike

      1.441 acres of commercial land at signalized intersection.
      Marlboro Pike, District Heights, MD 20747
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      4,028 SF

      Freestanding Retail Building For Rent

      4,028 SF freestanding retail building available for rent.
      6960 Marlboro Pike, District Heights, MD 20747
      View Details
    • Contact for pricing
      980 SF

      Retail Space in District Heights

      Retail space available in a busy District Heights corridor.
      5805 Silver Hill Rd, District Heights, MD 20747
      View Details
    • Contact for pricing
      2,789 SF

      Retail Space on Marlboro Pike

      Retail space available with great road frontage and exposure.
      6116 Marlboro Pike, District Heights, MD 20747
      View Details
    • Contact for pricing
      1,865 SF

      Retail Space Near Washington D.C.

      Retail space anchored by Planet Fitness and DD's Discounts.
      5700-5760 Silver Hill Rd, District Heights, MD 20747
      View Details
    • Contact for pricing
      4,180 SF

      Retail Space in District Heights

      Retail space available in a densely-populated community near Washington D.C.
      5560-5644 Silver Hill Rd, District Heights, MD 20747
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space with Drive-Through Potential

      Retail spaces available with high traffic and redevelopment opportunity.
      5400-5406 Marlboro Pike, District Heights, MD 20747
      View Details
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    District Heights, MD 20747
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    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
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