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Property profile & analytics
FOR LEASE
Outlet malls
6200 Annapolis Rd, Hyattsville, MD 20784
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-1925209
For Lease
$35,805,000
6200 Annapolis Rd, Hyattsville, MD 20784
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2006
Total area
140,747 SF
Lot
43.81 ac (1,908,451 SF)
Zoning code
CGO
APN
02-5592005
UPID
US40-1925209
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
-
Circo Hermanos Vazquez Theater & Performing Art Venue DJ & Entertainment
-
Honeycomb Hide-Out LLC Discount Store (Bike/Boat/Book/etc) Store
-
McDonald's Restaurant Take-out & Catering
-
Magdonnal Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$48.65M
Comparable Approach
Comparable
$23.02M
Blend (final)
Blend
$35.81M
Owner & transaction history
CAPITAL PLAZA ASSOC PTNRSH
CAPITAL PLAZA ASSOC PTNRSH
Zoning & alternative use
CGO · Hyattsville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$52,695,000
6.5%
$48,645,000
7%
$45,170,000
Alternative Use
Use
Estimation
RETAIL STORES
$58,705,000
Current use
AUTO REPAIR, GARAGE
$58,345,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$46,975,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$35.81M
Range $32.22M – $39.39M · ±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
$254 / 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
$424,169
Tax year 2023
Assessed value
$38,144,700
Assessed 2023
Previous assessed
$33,026,400
+15.5% YoY
Effective rate
1.11%
On assessed value
Assessed land
$14,659,700
Assessed improvement
$23,485,000
Land market value
$14,659,700
Improvement market value
$23,485,000
Total market value
$38,144,700
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
2006
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Units
5
Total area
140,747 SF
Lot
43.81 ac (1,908,451 SF)
Zoning code
CGO
APN
02-5592005
UPID
US40-1925209
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CGO · Hyattsville, MD
Zoning CGO · permitted uses
CGO · Hyattsville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hyattsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$58.7M
AUTO REPAIR, GARAGE
Est. value
$58.3M
COMMERCIAL (GENERAL)
Est. value
$47.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2006
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
43.81 ac
Current owner
From public records · entity-resolved
CAPITAL PLAZA ASSOC PTNRSH
Individual
Free & Clear · 0 yrs held
Mailing address
7811 MONTROSE RD STE #420, POTOMAC, MD 20854-3332
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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