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    Property profile & analytics

    9523 Baltimore Ave College Park, MD 20740-1321

    • Warehouses
    • 3,600 SF
    • 1.49 lot acres
    OFF-MARKET
    Last Sale
    Feb 22, 2024
    $11,245,000
    Value Estimations
    $11,245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0405780
    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

    • Warehouses

    Property Details for 9523 Baltimore Ave

    Year built
    1982
    Construction
    BRICK
    Lot size
    1.49 lot acres
    Property size
    3,600 SF
    Zone code
    NAC
    Property type
    Warehouses
    APN
    21-2395572
    APU
    212395572

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,245,000
      ML approach
      $11,245,000

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

    Location Insight

    • Map
    • Local Demand
    City
    College Park
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.928
    Latitude
    39.01
    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
    $24,380
    $0.00
    $0.00
    $1,769,467
    -
    $1,622,600
    $160,700
    $1,783,300

    Comparable in this City

    • Value Estimation
      $16,405,000
      83,692 SF

      9604 Baltimore Ave

      MINI-WAREHOUSE, STORAGE • 83,692 SF
      9604 Baltimore Ave, College Park, MD 20740-1324
      View Details
    • Value Estimation
      $1,410,000
      4,752 SF

      9208 Baltimore Ave

      WAREHOUSE, STORAGE • 4,752 SF
      9208 Baltimore Ave, College Park, MD 20740-1316
      View Details
    • Value Estimation
      $6,185,000
      37,344 SF

      9100 51st Pl

      WAREHOUSE, STORAGE • 37,344 SF
      9100 51st Pl, College Park, MD 20740-1913
      View Details
    • Value Estimation by Request
      4,800 SF

      4703 Berwyn Rd

      WAREHOUSE, STORAGE • 4,800 SF
      4703 Berwyn Rd, College Park, MD 20740-2107
      View Details
    • Value Estimation
      $965,000
      5,950 SF

      College Park, MD 20740

      WAREHOUSE, STORAGE • 5,950 SF
      College Park, MD 20740
      View Details
    • Value Estimation
      $3,010,000
      10,000 SF

      5004 College Ave

      WAREHOUSE, STORAGE • 10,000 SF
      5004 College Ave, College Park, MD 20740-3814
      View Details

    Similar Nearby for Sale

    • $6,000,000

      College Park Commercial Building on Rt. 1

      38,000 SF commercial building in College Park, MD for sale.
      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
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      College Park Office Building For Sale

      Office building for sale in College Park, Maryland.
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      View Details

    Similar Nearby for Lease

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      30,000 SF

      College Park Warehouse on Nine Acres

      30,000 SF warehouse on 9 acres in College Park.
      9201 51St Pl, College Park, MD 20740
      View Details
    • Contact for pricing
      1,306 SF

      Move-in Ready Medical Offices Available

      Medical offices near Prince George’s Hospital, ample parking, 24/7 access.
      6201 Greenbelt Rd, Berwyn Heights, MD 20740
      View Details
    • Contact for pricing
      2,230 SF

      College Park Office Space Available

      2,174 SF office space for lease in College Park.
      9658 Baltimore Ave, College Park, MD 20740
      View Details
    • Contact for pricing

      Land for Ground Lease

      Approximately 0.89 acre site available for ground lease.
      9001 Baltimore Ave, College Park, MD 20740
      View Details
    • Contact for pricing

      Restaurant Space in College Park

      Second-generation restaurant space with high visibility on Route 1.
      4509 College Ave, College Park, MD 20740
      View Details
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    9523 Baltimore Ave
    College Park, MD 20740-1321
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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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