Multi-Tenant Retail
For Sale
$1,750,000
undisclosed, District Heights, MD 20747
Commercial Sale, Other - District Heights, MD
Property Size3,710 SF
Lot Size0.18 Acres
Price / SF$471.70
Days on Market51
Property Features for undisclosed
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
20
Directions
Use GPS for exact location.
Standard status
Active
APN
17060471755
Size
3,710 SF
Lot size
0.18 Acres
Building Details
Year built
1958
Architectural style
Other
Listing Agency:
Engel & Völkers Washington DC
(202) 525-5236
Listed By:
Anita John
(202) 525-5236
Added: Jun 12
Changed: Jul 15
Last Checked: Aug 1 at 8:06AM
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.
7605–7609 Marlboro Pike is a ±3,710 SF, fully leased multi-tenant retail asset offering in-place income. The property is 100% occupied by long-term tenants, and the nail salon suite has been supported by a newly renegotiated lease that includes 5% annual rent escalations.
The asset sits on a high-visibility corridor with 31,000 VPD in Prince George’s County. Public remarks also note a 0% vacancy rate under family ownership since 1956.
For investors, this offering has been marketed as a 1031 exchange opportunity, with underwriting cited in the remarks at a 7.32% cap rate and a $1,750,000 list price. Please do not disturb tenants; notify the advisor if you require access inside each shop.
The asset sits on a high-visibility corridor with 31,000 VPD in Prince George’s County. Public remarks also note a 0% vacancy rate under family ownership since 1956.
For investors, this offering has been marketed as a 1031 exchange opportunity, with underwriting cited in the remarks at a 7.32% cap rate and a $1,750,000 list price. Please do not disturb tenants; notify the advisor if you require access inside each shop.
Key Highlights
- 3,710 SF fully‑leased retail asset (7605–7609 Marlboro Pike) built in 1958
- 100% occupied by long‑term tenants with a 0% vacancy rate under family ownership since 1956
- Newly renegotiated nail salon lease includes 5% annual rent escalations
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.0k | $33.96 |
| − Vacancy | −$6.9k | −$1.87 |
| EGI | $119.1k | $32.09 |
| − OpEx | −$35.7k | −$9.63 |
| NOI | $83.3k | $22.46 |
3,710 SF · lease $33.96/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,343 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,778 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
31,000 VPD
Traffic count
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
310k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 32%
Groceries 23%
Apparel 20%
Shops & Services 19%
Target
Superstores
99,582 visits/mo
0.4 miles
Shoppers Food & Pharmacy
Groceries
51,700 visits/mo
0.4 miles
Burlington
Apparel
32,276 visits/mo
0.5 miles
Dollar Tree
Shops & Services
24,575 visits/mo
0.3 miles
Ross Dress for Less
Apparel
20,552 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully leased retail asset with a recently renegotiated nail salon lease featuring 5% annual escalations.
Where is this storefront property located?
The property is located at undisclosed District Heights, MD.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 3,710 SF fully‑leased retail asset (7605–7609 Marlboro Pike) built in 1958; 100% occupied by long‑term tenants with a 0% vacancy rate under family ownership since 1956; Newly renegotiated nail salon lease includes 5% annual rent escalations
