Leased 1031 Exchange
For Sale
$1,790,900
undisclosed, District Heights, MD 20747
DISTRICT HEIGHTS, MD
Property Size3,710 SF
Price / SF$482.72
Days on Market83
Property Features for undisclosed
General Information
Property type
Commercial Sale
Property subtype
Retail
Standard status
Active
Building Details
Year built
1958
Listing Agency:
Engel & Volkers Washington DC · Engel & Völkers
(202) 525-5236
Listed By:
Anita John · License #5018245
(415) 939-9924
Added: Jul 15
Changed: Sep 22
Last Checked: Oct 5 at 11:06PM
MLS# MDPG2198748
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1958, this approximately 3,710-square-foot retail property comprises multiple leased shop spaces and is fully occupied by long-term tenants. The nail salon suite has a recently updated lease that includes 5% annual rent escalations. The property carries a 7.15% cap rate and has maintained 0% vacancy under family ownership since 1956.
The asset is located on Marlboro Pike in District Heights within Prince George’s County, along a corridor reporting 31,000 VPD. It is also situated in a designated revitalization zone. Access inside the individual shops requires advance coordination, and tenants should not be disturbed.
The asset is located on Marlboro Pike in District Heights within Prince George’s County, along a corridor reporting 31,000 VPD. It is also situated in a designated revitalization zone. Access inside the individual shops requires advance coordination, and tenants should not be disturbed.
Key Highlights
- Approximately 3,710 SF of retail space
- 100% occupied by long‑term tenants
- 7.15% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,343
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,666,860
$1.7M
Cap Rate 7%
$1,190,614
$1.2M
Cap Rate 9%
$926,033
$926.0K
Market Conditions
NOI Build-Up for 3,710 SF
Gross rent
$126.0K $33.96/SF
− Vacancy
−$6.9K −$1.87/SF
EGI
$119.1K $32.09/SF
− OpEx
−$35.7K −$9.63/SF
NOI
$83.3K $22.46/SF
Area
Prince George's County, MD
Vacancy
5.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,666,860
Cap Rate 7%
$1,190,614
Cap Rate 9%
$926,033
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,343 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,778 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
31,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
881
Businesses Nearby
355k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 30%
Apparel 17%
Groceries 2%
Raising Cane's Chicken Fingers
Dining
38,265 visits/mo
0.5 miles
Royal Farms
Shops & Services
33,718 visits/mo
0.1 miles
Burlington
Apparel
32,276 visits/mo
0.4 miles
Royal Farms
Shops & Services
28,922 visits/mo
0.5 miles
Roses Discount Store
Shops & Services
23,810 visits/mo
0.2 miles
Demographics for 20747, MD
40,696
Population
17,271
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
7.9 sq mi
ZIP Area
5,151
Density / Sq Mi
$72,931
Median Household Income
$48,311
Median Earnings
$1,635
Median Rent
$325,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
1031 exchange property - Fully occupied retail asset with an updated lease structure and annual escalations in a Prince George’s County revitalization zone.
Where is this 1031 exchange property located?
The property is located at undisclosed District Heights, MD.
What is the asking price?
The asking price for this property is $1,790,900.
What are key features of this property?
This property features: Approximately 3,710 SF of retail space; 100% occupied by long‑term tenants; 7.15% cap rate
