Industrial Condo with Drive-In
3941 Penn Belt Place Forestville, MD 20747
3941 Penn Belt Place, Forestville, MD, 20747
$1,500,000
For Sale
$1,500,000
Industrial condo offering drive-in access, 18-foot clear height, and functional office/reception space for an owner-operator.
Property Size6,044 SF
Price / SF$248.18
Days on Market31
Property Features for 3941 Penn Belt Place
General Information
- Standard status
- Active
- Size
- 6,044 SF
- Property subtype
- Industrial
Listing agency
MacKenzie Commercial Real Estate | Baltimore
(410) 821-8585
Listed by
Bryan Herr
(410) 821-8585
Source
Mackenziecommercial
Added: Jun 22 Updated: Jul 10 at 4:02PM Checked: Jul 21 at 2:57AM
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 MacKenzie Commercial Real Estate | Baltimore
Investment Insights
Based on property information with market context.
3941 Penn Belt Place is an industrial condo for sale offering approximately 6,044 SF of functional warehouse space. The facility includes an oversized drive-in door and 18-foot clear height, supported by 480V power. A functional office/reception area is included, along with parking and IOS.
The property is located in Forestville, Maryland and is immediately adjacent to Joint Base Andrews. Access is described as convenient to Route 4, I-495, and the broader Washington, DC metro region.
With its combination of warehouse clearance, drive-in functionality, and on-site office/reception space, the property is well suited for industrial users seeking a practical, well-configured facility in an IE (Industrial Employment) zoned setting. The included parking and established industrial improvements make it a straightforward fit for an owner-user looking for a facility that supports both operations and customer-facing needs.
The property is located in Forestville, Maryland and is immediately adjacent to Joint Base Andrews. Access is described as convenient to Route 4, I-495, and the broader Washington, DC metro region.
With its combination of warehouse clearance, drive-in functionality, and on-site office/reception space, the property is well suited for industrial users seeking a practical, well-configured facility in an IE (Industrial Employment) zoned setting. The included parking and established industrial improvements make it a straightforward fit for an owner-user looking for a facility that supports both operations and customer-facing needs.
Key Highlights
- 6,044 SF industrial space for sale in Forestville, MD
- Oversized drive‑in door with 18' clear height
- 480V power
Local 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 | $155.9k | $25.80 |
| − Vacancy | −$19.0k | −$3.15 |
| EGI | $136.9k | $22.65 |
| − OpEx | −$20.5k | −$3.40 |
| NOI | $116.4k | $19.25 |
6,044 SF · lease $25.80/SF/yr · vacancy 12.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.66M
$1.45M – $1.94M
NOI $116,374 @ 7.0% cap · market cap 7.76%
Second Best
Industrial
$1.37M
$1.20M – $1.60M
NOI $95,838 @ 7.0% cap · market cap 6.39%
Theoretical Best
Specialty Retail
$1.95M
$1.71M – $2.27M
NOI $136,484 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
All The Right Men
Life Coach
Similar Off Market Nearby
- Age LLC Catering Services — 7123 Donnell Pl, Forestville, MD 20747
FAQs
What type of property is this?
Flex space - Industrial condo offering drive-in access, 18-foot clear height, and functional office/reception space for an owner-operator.
Where is this flex space located?
The property is located at 3941 Penn Belt Place Forestville, MD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,044 SF industrial space for sale in Forestville, MD; Oversized drive‑in door with 18' clear height; 480V power
