Renovated Industrial Building For
7925-7929 Parston Drive District Heights, MD 20747
For Sale
$7,275,000
26,439 SF industrial building with recent renovations and prime location.
Property Size26,439 SF
Lot Size1.01 Acres
Price / SF$275.16
Days on Market146
Property Features for 7925-7929 Parston Drive
General Information
Standard status
Active
Size
26,439 SF
Lot size
1.01 Acres
Property subtype
Industrial
Listing Agency:
NAI Michael
(301) 918-2908
Listed By:
Michael Isen
Source:
Naiglobal
Added: Mar 6
Changed: Jul 10
Last Checked: Jul 30 at 4:13AM
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.
The industrial building at 7925-7929 Parston Drive totals 26,439 square feet. The building has undergone numerous renovations and improvements, including a new roof, a new exterior staircase, new curb and gutter, six new loading doors, an updated loading platform for 53' tractor trailers, a resurfaced interior floor, and new HVAC for the existing office. The property is zoned I-E (Industrial Employment) and is fully sprinklered with a wet system. The building has 18' clear ceiling height and 6 new garage/loading doors. The property is fenced and secure with ample parking. It features 600 amps of 120/208v 3-phase power, with three meters. The building, situated on 1.01 acres, is configured as 95% warehouse and 5% office space. The building has the ability to be demised for multiple tenants. The property is conveniently located near major transportation routes, including the Capital Beltway (I-495), Pennsylvania Avenue (Route 4), and Suitland Parkway, providing immediate access to these routes. The location is suitable for serving Washington DC, Northern Virginia, and Maryland suburbs. Nearby amenities offer various services, including grocery shopping, restaurants, gas and convenience stations, and banks.
Key Highlights
- Recent renovations including new roof, loading docks, HVAC, and resurfaced floor.
- Excellent location with immediate access to I‑495/I‑95, Route 4, and Suitland Parkway.
- Six new loading doors and updated loading platform suitable for 53' tractor trailers.
Financial Insights For Warehouse
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 | $682.1k | $25.80 |
| − Vacancy | −$83.2k | −$3.15 |
| EGI | $598.9k | $22.65 |
| − OpEx | −$89.8k | −$3.40 |
| NOI | $509.1k | $19.25 |
26,439 SF · lease $25.80/SF/yr · vacancy 12.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$7.27M
$6.36M – $8.48M
NOI $509,071 @ 7.0% cap · market cap 7.00%
Second Best
Industrial
$5.99M
$5.24M – $6.99M
NOI $419,235 @ 7.0% cap · market cap 5.76%
Theoretical Best
Specialty Retail
$8.53M
$7.46M – $9.95M
NOI $597,038 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- ELY, Inc. — 7804 Marlboro Pike, Forestville, MD 20747
- Public Storage — 7807 Marlboro Pike, Forestville, MD 20747, United States
- CubeSmart Self Storage — 8410 Westphalia Rd, Upper Marlboro, MD 20774, United States
- Extra Space Storage — 7618 Marlboro Pike, District Heights, MD 20747
- Cube Smart Self Storage — 7618 marlboro pike, district heights, md 20747
Frequently Asked Questions
What type of property is this?
Warehouse - 26,439 SF industrial building with recent renovations and prime location.
Where is this warehouse located?
The property is located at 7925-7929 Parston Drive District Heights, MD.
What is the asking price?
The asking price for this property is $7,275,000.
What are key features of this property?
This property features: Recent renovations including **new roof, loading docks, HVAC, and resurfaced floor.**; Excellent location with immediate access to I‑495/I‑95, Route 4, and Suitland Parkway.; **Six new loading doors** and updated loading platform suitable for 53' tractor trailers.
