Office Unit with Private
For Sale
$350,000
10754 Rhode Island Avenue, Beltsville, MD 20705
Built-out suite includes open workspace, kitchenette, restroom, private office, and storage.
Property Size1,135 SF
Price / SF$308.37
Days on Market148
Property Features for 10754 Rhode Island Avenue
General Information
Standard status
Active
Size
1,135 SF
Class
B
Property subtype
Office - General Office
Zoning
CGO
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Building Size
1,135 SF
Listing Agency:
NAI Michael
(301) 918-2908
Listed By:
Michael Isen
Source:
Commercialcafe
Added: Apr 7
Changed: Aug 30
Last Checked: Aug 30 at 9:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Michael
Investment Insights
Based on property information with market context.
This office condominium provides approximately 1,135 SF of built-out space with a large open work area, private office, restroom, kitchenette with sink, and storage closet. Ample surface parking supports convenient daily access, while CGO (Commercial General Office) zoning accommodates office and professional uses.
The property is located at 10754 Rhode Island Avenue in Beltsville, Maryland. Regional access includes I-495, I-95, ICC (MD 200), and Route 1. MetroBus and Prince George’s County TheBus stops are located along Rhode Island Avenue, with retail, dining, and professional services in the surrounding area.
The property is located at 10754 Rhode Island Avenue in Beltsville, Maryland. Regional access includes I-495, I-95, ICC (MD 200), and Route 1. MetroBus and Prince George’s County TheBus stops are located along Rhode Island Avenue, with retail, dining, and professional services in the surrounding area.
Key Highlights
- Approximately 1,135 SF of office condominium space
- Large open work area plus private office
- Kitchenette with sink, restroom, and storage closet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,339
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$346,780
$346.8K
Cap Rate 7%
$247,700
$247.7K
Cap Rate 9%
$192,656
$192.7K
Market Conditions
NOI Build-Up for 1,135 SF
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.
Gross rent
$27.9K $24.60/SF
− Vacancy
−$4.8K −$4.23/SF
EGI
$23.1K $20.37/SF
− OpEx
−$5.8K −$5.09/SF
NOI
$17.3K $15.28/SF
Area
Prince George's County, MD
Vacancy
17.20%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$346,780
Cap Rate 7%
$247,700
Cap Rate 9%
$192,656
Alternative Uses
Best Use
Office B
$247.7K
$216.7K – $289.0K
NOI $17,339 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$366.1K
$320.4K – $427.2K
NOI $25,630 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,405
Businesses Nearby
Explore this area
Business Placement
Demographics for 20705, MD
29,456
Population
9,181
Households
3.2
Avg Household Size
36
Median Age
33%
College-Educated
81%
High-School Grad
14.5 sq mi
ZIP Area
2,031
Density / Sq Mi
$106,691
Median Household Income
$45,692
Median Earnings
$1,777
Median Rent
$423,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Built-out suite includes open workspace, kitchenette, restroom, private office, and storage.
Where is this office units located?
The property is located at 10754 Rhode Island Avenue Beltsville, MD.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 1,135 SF of office condominium space; Large open work area plus private office; Kitchenette with sink, restroom, and storage closet
