Freestanding Storefront
For Sale
Contact for pricing
116 Ritchie Rd, Capitol Heights, MD 20743
The building carries I-E zoning and sits within a Prince George's County designated Redevelopment Zone.
Property Size6,316 SF
Lot Size0.34 Acres
Price / SF$348.32
Days on Market64
Property Features for 116 Ritchie Rd
General Information
Standard status
Active
Size
6,316 SF
Lot size
0.34 Acres
Property subtype
RETAIL
Zoning
I-E
Additional Details
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
NAI Michael
(301) 459-4400
Listed By:
Terry Rogers · License #5330
(301) 526-2584
Source:
Moodyscre
Added: Aug 7
Changed: Sep 10
Last Checked: Oct 7 at 1:41PM
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 freestanding retail building contains 6,316 square feet on a 0.34-acre parcel. The property has an established long-term credit tenant with 25 years in place, along with parking at a ratio of 1.58 spaces per 1,000 SF. Zoning is I-E (Industrial Employment), and the site is included in a Prince George's County designated Redevelopment Zone.
Transportation access includes proximity to I-495 and I-95, with traffic counts totaling 22,265 vehicles per day. The property is also near Northwest Stadium and the Blue/Silver Line Metro stations at Downtown Largo, Addison Road, and Morgan Boulevard. Plan 2035 identifies the Blue/Silver Line corridor as a Regional Transit District and priority growth center.
Transportation access includes proximity to I-495 and I-95, with traffic counts totaling 22,265 vehicles per day. The property is also near Northwest Stadium and the Blue/Silver Line Metro stations at Downtown Largo, Addison Road, and Morgan Boulevard. Plan 2035 identifies the Blue/Silver Line corridor as a Regional Transit District and priority growth center.
Key Highlights
- 6,316 ± SF freestanding retail building
- 0.34 Acres of Land
- Long term credit tenant in place (25 yrs)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,886
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,837,720
$2.8M
Cap Rate 7%
$2,026,943
$2.0M
Cap Rate 9%
$1,576,511
$1.6M
Market Conditions
NOI Build-Up for 6,316 SF
Gross rent
$214.5K $33.96/SF
− Vacancy
−$11.8K −$1.87/SF
EGI
$202.7K $32.09/SF
− OpEx
−$60.8K −$9.63/SF
NOI
$141.9K $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%
$2,837,720
Cap Rate 7%
$2,026,943
Cap Rate 9%
$1,576,511
Alternative Uses
Best Use
Retail
$2.03M
$1.77M – $2.36M
NOI $141,886 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.04M
$1.78M – $2.38M
NOI $142,626 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
228k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 31%
Home Improvements & Furnishings 19%
Hotels & Casinos 2%
The Home Depot
Home Improvements & Furnishings
43,086 visits/mo
0.4 miles
McDonald's
Dining
36,524 visits/mo
0.3 miles
McDonald's
Dining
30,842 visits/mo
0.2 miles
Wendy's
Dining
19,284 visits/mo
0.3 miles
Shell
Shops & Services
16,215 visits/mo
0.2 miles
Demographics for 20743, MD
40,709
Population
16,521
Households
2.5
Avg Household Size
38
Median Age
23%
College-Educated
86%
High-School Grad
9.6 sq mi
ZIP Area
4,241
Density / Sq Mi
$76,332
Median Household Income
$47,762
Median Earnings
$1,614
Median Rent
$317,100
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?
Storefront property - The building carries I-E zoning and sits within a Prince George's County designated Redevelopment Zone.
Where is this storefront property located?
The property is located at 116 Ritchie Rd Capitol Heights, MD.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 6,316 ± SF freestanding retail building; 0.34 Acres of Land; Long term credit tenant in place (25 yrs)
