Customizable Commercial Space for
For Sale
$1,700,000
7300 Martin Luther King Jr Hwy, Hyattsville, MD 20785
Versatile space suitable for warehouse, restaurant, retail, or office.
Property Size3,023 SF
Price / SF$562.36
Days on Market222
Property Features for 7300 Martin Luther King Jr Hwy
General Information
Standard status
Active
Size
3,023 SF
Building Details
Year Built
1940
Listing Agency:
RE/MAX Allegiance
Listed By:
Sebrin Adem · License #650770
(703) 225-8292
Source:
Riverfoxrealty
Added: Jan 26
Changed: Sep 3
Last Checked: Sep 4 at 9:14AM
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 RE/MAX Allegiance
Investment Insights
Based on property information with market context.
This customizable commercial space is available for lease under a Triple Net (NNN) Lease agreement. The property is suitable for various business types, including a warehouse, restaurant, retail shop, or office. The tenant is responsible for all expenses, allowing for complete customization and control of the environment. The space can be designed and built out based on specific niche and operational needs. There is ample parking available for both employees and customers. Note that tire and mechanic shops are not permitted. The location is suitable for growing a business presence.
Key Highlights
- Customizable space suitable for retail, warehouse, restaurant, or office use.
- NNN lease provides tenant control over expenses and customization.
- Ample parking available for customers and employees.
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
$68,264
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
4.02%
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%
$1,365,280
$1.4M
Cap Rate 7%
$975,200
$975.2K
Cap Rate 9%
$758,489
$758.5K
Market Conditions
NOI Build-Up for 3,023 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
$102.7K $33.96/SF
− Vacancy
−$11.6K −$3.85/SF
EGI
$91.0K $30.11/SF
− OpEx
−$22.8K −$7.53/SF
NOI
$68.3K $22.58/SF
Area
Prince George's County, MD
Vacancy
11.34%
Lease Rate
$33.96 /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%
$1,365,280
Cap Rate 7%
$975,200
Cap Rate 9%
$758,489
Alternative Uses
Best Use
Specialty Retail
$975.2K
$853.3K – $1.14M
NOI $68,264 @ 7.0% cap · market cap 4.02%
Second Best
Retail
$970.1K
$848.9K – $1.13M
NOI $67,910 @ 7.0% cap · market cap 3.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 20785, MD
41,636
Population
16,202
Households
2.6
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
10.1 sq mi
ZIP Area
4,122
Density / Sq Mi
$83,690
Median Household Income
$45,595
Median Earnings
$1,764
Median Rent
$346,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Versatile space suitable for warehouse, restaurant, retail, or office.
Where is this retail space located?
The property is located at 7300 Martin Luther King Jr Hwy Hyattsville, MD.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Customizable space suitable for retail, warehouse, restaurant, or office use.; NNN lease provides tenant control over expenses and customization.; Ample parking available for customers and employees.
