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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8147 Baltimore Ave College Park, MD 20740-2492

    • Community centers
    • 7,496 SF
    • 0.35 lot acres
    OFF-MARKET
    Last Sale
    Nov 07, 2022
    $30,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0888086
    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

    • Campus Village Shoppes / Shopping Mall
    • Student Housing College Park / College
    • Chase ATM / Atm
    • Main Event Barbershop / Barber Shop
    • Steve's Main Event Studio / Barber Shop

    Property Details for 8147 Baltimore Ave

    Year built
    1986
    Construction
    BRICK
    Lot size
    0.35 lot acres
    Property size
    7,496 SF
    Zone code
    NAC
    Property type
    Community centers
    APN
    21-2409787
    APU
    212409787

    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
    College Park
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9327
    Latitude
    38.9913
    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
    $27,041
    $0.00
    $0.00
    $1,962,600
    -
    $529,500
    $1,468,000
    $1,997,500

    Comparable in this City

    • Value Estimation by Request
      49,193 SF

      9805 Rhode Island Ave

      Lifestyle centers • 49,193 SF
      9805 Rhode Island Ave, College Park, MD 20740
      View Details
    • Value Estimation
      $31,870,000
      18,432 SF

      8145 Baltimore Ave

      MINI-MALL • 18,432 SF
      8145 Baltimore Ave, College Park, MD 20740-2491
      View Details
    • Value Estimation
      $2,050,000
      13,600 SF

      7313 Baltimore Ave

      MINI-MALL • 13,600 SF
      7313 Baltimore Ave, College Park, MD 20740-3274
      View Details
    • Value Estimation by Request
      352,684 SF

      10100 Baltimore Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 352,684 SF
      10100 Baltimore Ave, College Park, MD 20740-4208
      View Details
    • Value Estimation
      $10,290,000
      35,382 SF

      9801 Rhode Is Ave

      SHOPPING CENTER, STRIP CENTER • 35,382 SF
      9801 Rhode Is Ave, College Park, MD 20740-1423
      View Details
    • Value Estimation
      $2,870,000
      10,558 SF

      9931 Rhode Is Ave

      SHOPPING CENTER, STRIP CENTER • 10,558 SF
      9931 Rhode Is Ave, College Park, MD 20740-1465
      View Details

    Similar Nearby for Sale

    • $1,299,000

      Retail and Warehouse Space Available

      Two-story retail with warehouse, high traffic, ample parking.
      5051 Greenbelt Rd, College Park, MD 20740
      View Details
    • $6,000,000

      College Park Commercial Building on Rt. 1

      38,000 SF commercial building on Baltimore Avenue in College Park.
      9520 Baltimore Ave, College Park, MD 20740
      View Details
    • $1,900,000
      0.88 Acres

      College Park Mixed-Use Development Opportunity

      0.88 acre lot near University of Maryland, versatile zoning.
      9621 Baltimore Ave, College Park, MD 20740
      View Details
    • Contact for pricing
      11,175 SF

      College Park Office Building For Sale

      Office building for sale in College Park, Maryland.
      9207 51St Ave, College Park, MD 20740
      View Details
    • $474,000

      College Park Specialty Property For Sale

      Specialty property available for purchase in College Park, Maryland.
      8700 50Th Ave, College Park, MD 20740
      View Details
    • $535,000

      Seminole Street Specialty Property

      Specialty property available for sale.
      6107 Seminole St, Berwyn Heights, MD 20740
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      49,193 SF

      Hollywood Shopping Center: College Park Retail

      Prime College Park retail space. Multiple units available.
      9805 Rhode Island Ave, College Park, MD 20740
      View Details
    • Contact for pricing
      1,000 SF

      College Park Shopping Center Space

      49,193 SF shopping center near University of Maryland.
      9801-9827 Rhode Island Ave, College Park, MD 20740
      View Details
    • $50 SF/Yr
      1,995 SF

      College Park Restaurant Space Available

      End-cap restaurant space near the University of Maryland.
      4300 Hartwick Rd, College Park, MD 20740
      View Details
    • Contact for pricing
      6,127 SF

      College Park Retail Spaces Available

      Four retail spaces, prime College Park location.
      4509 College Ave, College Park, MD 20740
      View Details
    • Contact for pricing
      1,213 SF

      Retail Space Near University

      Retail space available for lease near University of Maryland.
      9925-9937 Rhode Island Ave, College Park, MD 20740
      View Details
    • Contact for pricing
      1,589 SF

      Retail Space in College Park

      Retail space available in a dynamic, growing College Park area.
      4400 Calvert Rd, College Park, MD 20740
      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.
    8147 Baltimore Ave
    College Park, MD 20740-2492
    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.