Retail Condo with Salon
For Sale
$500,000
7701 Barlowe Road Unit 8, Landover, MD 20785
Second-generation retail condo currently operating as a beauty salon with plumbing in place for five sinks.
Property Size1,800 SF
Price / SF$277.78
Days on Market32
Property Features for 7701 Barlowe Road Unit 8
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Retail
Building Details
Building Size
1,800 SF
Listing Agency:
NAI Michael
(301) 526-2584
Listed By:
Terry Rogers · License #IB98358936
(301) 526-2584
Source:
Naimichael
Added: Jul 25
Changed: Aug 24
Last Checked: Aug 24 at 3:34AM
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 is an approximately 1,800± SF retail condo offered for sale, currently built out as a beauty salon. The space is a second-generation build-out with plumbing installed for five sinks, supporting the current salon configuration and similar service-focused uses.
The unit is positioned for easy walk-up customer access and is located adjacent to Victory House Senior Apartments and across from the Palmer Park Community Center. The property’s stated potential uses include beauty salon, nail salon, medical/wellness, pet grooming, religious, and carry-out/QSR-other, subject to applicable requirements.
The unit is positioned for easy walk-up customer access and is located adjacent to Victory House Senior Apartments and across from the Palmer Park Community Center. The property’s stated potential uses include beauty salon, nail salon, medical/wellness, pet grooming, religious, and carry-out/QSR-other, subject to applicable requirements.
Key Highlights
- 1,800 ± SF retail condo currently operating as a beauty salon
- Second‑generation build‑out with plumbing in place for 5 sinks
- Immediate walk‑up customer base
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
$40,436
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
8.09%
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%
$808,720
$808.7K
Cap Rate 7%
$577,657
$577.7K
Cap Rate 9%
$449,289
$449.3K
Market Conditions
NOI Build-Up for 1,800 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
$61.1K $33.96/SF
− Vacancy
−$3.4K −$1.87/SF
EGI
$57.8K $32.09/SF
− OpEx
−$17.3K −$9.63/SF
NOI
$40.4K $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 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%
$808,720
Cap Rate 7%
$577,657
Cap Rate 9%
$449,289
Alternative Uses
Best Use
Retail
$577.7K
$505.5K – $673.9K
NOI $40,436 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$580.7K
$508.1K – $677.5K
NOI $40,647 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
24k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 18%
Wendy's
Dining
19,259 visits/mo
0.3 miles
Sunoco
Shops & Services
4,363 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Second-generation retail condo currently operating as a beauty salon with plumbing in place for five sinks.
Where is this storefront property located?
The property is located at 7701 Barlowe Road Unit 8 Landover, MD.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,800 ± SF retail condo currently operating as a beauty salon; Second‑generation build‑out with plumbing in place for 5 sinks; Immediate walk‑up customer base
