116 Ritchie Rd Capitol Heights, MD 20743
Freestanding retail with 6,316± SF on 0.34 acres, leased to a long-term credit tenant.
- Added:
- Jul 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 10 at 3:43 am
Property Features for 116 Ritchie Rd
General Information
- Standard status
- Active
- Size
- 6,316 SF
- Lot size
- 0.34 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1963
Listing office NAI Michael (301) 526-2584
Listing date Jul 9, 2026
Source Naiglobal
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 site is described as having great visibility with total traffic counts of 22,265 vpd. It is zoned I-E (Industrial Employment) and includes a parking ratio of 1.58 per 1,000 SF. The property is located within a Prince George’s County designated Redevelopment Zone and a Regional Transit District area related to the Plan 2035 Blue/Silver Line corridor, with three Metro stations noted as nearby and an active Central Avenue–Blue/Silver Line Sector Plan authorized in 2023.
Key Highlights
- 6,316± SF freestanding retail building on 0.34 acres
- Long‑term credit tenant in place with a 25‑year lease
- Traffic counts of 22,265 vpd and strong visibility
Local Financial Insights For Retail
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 | $214.5k | $33.96 |
| − Vacancy | −$11.8k | −$1.87 |
| EGI | $202.7k | $32.09 |
| − OpEx | −$60.8k | −$9.63 |
| NOI | $141.9k | $22.46 |
