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    7025 Berry Rd Accokeek, MD 20607-3419

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    7025 Berry Rd Accokeek, MD 20607-3419

    View on Map
    • Community centers
    • 19,080 SF
    • 8.84 lot acres
    Off-Market
    Last Sale Mar 18, 2021
    $16,633,379
    Property ID
    US40-0722933
    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.
    Value Estimations
    $14,140,000
    Show details
    Cap Rate Potential
    2.1%
    Community centers
    Location Intelligence

    Current Use by Public Records

    • Giant Food / Grocery & Convenience Store / Food Market
    • Western Union / Bank / Credit Union
    • Giant Pharmacy / Pharmacy
    • Advance Auto Parts / Auto Parts Store
    • Navy Federal Credit Union ATM / Atm

    Property Details for 7025 Berry Rd

    Year built
    2003
    Construction
    BRICK
    Lot size
    8.84 lot acres
    Property size
    19,080 SF
    Zone code
    CN
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    05-3439015
    APU
    53439015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $10,330,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $14,855,000
      Current use
      INDUSTRIAL (GENERAL)
      $12,625,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Accokeek
    County
    Prince George's
    State
    Maryland
    Longitude
    -77.0164
    Latitude
    38.6604
    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
    $142,264
    $7,701,400
    $5,092,100
    $12,793,500
    -
    $7,701,400
    $5,092,100
    $12,793,500

    Comparable in this City

    • Value Estimation
      $2,110,000
      13,213 SF

      15789 Livingston Rd

      SHOPPING CENTER, STRIP CENTER • 13,213 SF
      15789 Livingston Rd, Accokeek, MD 20607-3315
      View Details
    • Value Estimation
      $1,150,000
      4,212 SF

      15790 Livingston Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,212 SF
      15790 Livingston Rd, Accokeek, MD 20607-3327
      View Details
    • Value Estimation
      $1,355,000
      2,424 SF

      15638 Livingston Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,424 SF
      15638 Livingston Rd, Accokeek, MD 20607-3333
      View Details
    • Value Estimation
      $680,000
      1,218 SF

      15808 Livingston Rd

      FINANCIAL BUILDING • 1,218 SF
      15808 Livingston Rd, Accokeek, MD 20607-2262
      View Details
    • Value Estimation
      $705,000
      1,800 SF

      16510 Accolawn Rd

      AUTO REPAIR, GARAGE • 1,800 SF
      16510 Accolawn Rd, Accokeek, MD 20607-2302
      View Details
    • Value Estimation
      $2,570,000
      3,552 SF

      7001 Berry Rd

      FINANCIAL BUILDING • 3,552 SF
      7001 Berry Rd, Accokeek, MD 20607-3443
      View Details

    Similar Nearby for Sale

    • $172,000
      0.48 Acres

      Residential Lot in Accokeek, MD

      Level lot suitable for building a dream home in Accokeek.
      16960 Livingston Rd, Accokeek, MD 20607
      View Details
    • $148,000

      Pristine Land with Historic Legacy

      5.31 acres of land with historic roots, horses welcome.
      1160 Apple Valley Rd, Accokeek, MD 20607
      View Details
    • $4,000,000

      Vacant Commercial Land For Sale

      8.4 acres of commercially-zoned land with utilities and easy access.
      18201 Indian Head Hwy, Accokeek, MD 20607
      View Details
    • $155,000
      0.59 Acres

      Residential Land in Accokeek, MD

      Residential land suitable for building a dream home in Accokeek.
      16950 Livingston Rd, Accokeek, MD 20607
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space in Manokeek Center

      Retail space available in Giant-anchored shopping center in Accokeek, MD.
      7025-7045 Berry Rd, Accokeek, MD 20607
      View Details
    • Contact for pricing

      Retail Space in Accokeek, MD

      Retail space for lease with high traffic volume.
      100 Biddle Rd, Accokeek, MD 20607
      View Details

    Property Visit Statistics

    • Visits by month
      16.9k
    • Visitors by month
      10.5k
    • Avg Time on site
      12 min
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    Accokeek, MD 20607-3419
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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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