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Property profile & analytics
FOR LEASE
Strip malls
9913 Rhode Island Ave College Park, MD 20740
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-0319695
For Lease
1 / 6
$2,900/Mo
9913 Rhode Island Ave, College Park, MD 20740
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1961
Construction
BRICK
Total area
4,800 SF
Lot
0.38 ac (16,485 SF)
Zoning code
CGO
APN
01-0066464
UPID
US40-0319695
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
-
Shellyweavebarllc Hair Salon
-
Ilashbeautiz Hair Salon Nail Salon
-
Nailsbylisa80llc Nail Salon
-
Tarloh's Gallery Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Harry Lan · 8 yrs held
Harry Lan
since 2018
5 recorded transactions
Zoning & alternative use
CGO · College Park, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purposes of the Commercial, General and Office (CGO) Zone are to provide lands for a diverse range of business, civic, and mixed use development, typically at or near major intersections where visibility and good access are important, in a form that supports connections and a balance between automobile access and pedestrian friendliness.
Zone name
Commercial General And Office
General category
MIXED_USE
Zone area
30.05 ac
Source
Realmo
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 College Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs College Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$156 / 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
$19,614
Tax year 2023
Assessed value
$1,423,600
Assessed 2023
Previous assessed
$1,519,900
-6.3% YoY
Effective rate
1.38%
On assessed value
Assessed land
$246,600
Assessed improvement
$1,177,000
Land market value
$246,600
Improvement market value
$1,177,000
Total market value
$1,423,600
Applied tax rate
81.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1961
Construction
BRICK
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
1
Units
1
Total area
4,800 SF
Lot
0.38 ac (16,485 SF)
Zoning code
CGO
APN
01-0066464
UPID
US40-0319695
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CGO · College Park, MDZoning CGO · permitted uses
CGO · College Park, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purposes of the Commercial, General and Office (CGO) Zone are to provide lands for a diverse range of business, civic, and mixed use development, typically at or near major intersections where visibility and good access are important, in a form that supports connections and a balance between automobile access and pedestrian friendliness.
Zone name
Commercial General And Office
General category
MIXED_USE
Zone area
30.05 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1961
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Harry Lan
Individual
Mailing address
PO BOX 62, LANHAM, MD 20703-0062
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2018
$1,600,000
Harry Lan
Wahi,raj P & Neena
Grant Deed
$1,100,000 · Raj Wahi
Jun 16, 2016
—
Raj P Wahi
—
Deed
related
$1,000,000 · Burke & Herbert Bk&tr
Jul 18, 2001
$525,000
Raj P Wahl
Ruddie,stanley J
Grant Deed
$419,000 · Sequoiabank
—
—
Raj P Wahi
—
Deed Of Trust
related
$1,000,000 · Burke & Herbert Bk&tr
—
—
Raj P Wahi
—
Deed Of Trust
related
$425,000 · Oba Fsb
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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