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    904 Fairview Ave Takoma Park, MD 20912
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    Property profile & analytics

    904 Fairview Ave Takoma Park, MD 20912

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    • Commercial real estate
    • 10,804 SF
    Off-Market
    Property ID
    US40-0066930
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 904 Fairview Ave

    Property size
    10,804 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a three-story, six-unit apartment building located at 904 Fairview Ave, Takoma Park, MD 20912. Boasting a total of 10,804 square feet, this property offers a compelling 6.39% cap rate at an asking price of $960,000. The building is zoned R18 - County, providing flexibility for future development or renovations. Each of the six units features a well-appointed kitchen, a spacious living room, and a full bathroom, ensuring tenant satisfaction. All units are separately metered for efficient utility management. Six assigned parking spots provide ample convenience for residents. The property enjoys a prime location, offering easy access to major transportation routes such as RT-410 and RT-650, and is conveniently situated near the University of Maryland. Its proximity to the Takoma Sub Station and Washington, D.C., further enhances its desirability and potential for strong rental income. This multifamily property represents a rare opportunity to acquire a well-maintained, income-generating asset in a thriving Maryland market. The strong cap rate and desirable location make this an ideal investment for both seasoned and new investors seeking a stable and profitable addition to their portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Takoma Park
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9903401
    Latitude
    38.9738973

    Comparable in this City

    • Contact for pricing

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      Takoma Park 5-Unit Apartment Building

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      Multifamily Property in Takoma Park

      Fully occupied multifamily property requiring complete renovation in Takoma Park.
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      Takoma Park Multifamily Investment Opportunity

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      All-Brick Apartment Building Overlooking Park

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      Takoma Park Multifamily Investment Property

      Renovated, fully occupied 7-unit apartment building in Takoma Park.
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    Similar Nearby for Sale

    • Contact for pricing

      Multifamily Property in Takoma Park

      Fully occupied apartment building requiring complete renovation, sold as-is.
      8512 Glenview Ave, Takoma Park, MD 20912
      View Details
    • $1,350,000

      Takoma Park 5-Unit Apartment Building

      All-brick 5-unit apartment building near Long Branch Stream Valley Park.
      921 Prospect St, Takoma Park, MD 20912
      View Details
    • $997,000

      Multifamily Property in Takoma Park

      Fully occupied multifamily property requiring complete renovation in Takoma Park.
      8512 Glenview Ave, Takoma Park, MD 20912
      View Details
    • $549,000
      3,500 SF

      Takoma Park Multifamily Investment Opportunity

      Five-unit apartment building in Takoma Park with value-add potential.
      700-A Chaney Dr, Takoma Park, MD 20912
      View Details
    • $1,400,000

      All-Brick Apartment Building Overlooking Park

      Five-unit apartment building with park views and updated amenities.
      921 Prospect St, Takoma Park, MD 20912
      View Details
    • $825,000

      Takoma Park Multifamily Investment Property

      Renovated, fully occupied 7-unit apartment building in Takoma Park.
      228 Manor Cir, Takoma Park, MD 20912
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo

      Historic District Residential/Commercial Unit

      One-bedroom lower-level unit suitable for residential or commercial use.
      7206 Carroll Ave, Takoma Park, MD 20912
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    • Contact for pricing

      Takoma Park Office Building

      Office building in the heart of Takoma Park, Maryland.
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    • $1,095 /Mo

      Downtown Takoma Park Office Space

      Bright, updated office suites in walkable downtown location near Metro.
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      Move-in Ready Office Sublease

      Office sublease with utilities included near major transportation routes.
      6480 Sligo Mill Rd, Takoma Park, MD 20912
      View Details
    • $2,200 /Mo
      600 SF

      Retail Space Near Washington DC

      600 SF retail space near Washington DC.
      8000-8004 Flower Ave, Takoma Park, MD 20912
      View Details
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    904 Fairview Ave
    Takoma Park, MD 20912
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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.

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