Leased Storefront Retail
For Sale
$1,790,900
DISTRICT HEIGHTS MD 20747, District Heights, MD 20747
Fully occupied retail suites include a recently revised lease with annual rent escalations.
Property Size3,710 SF
Price / SF$482.72
Days on Market32
Property Features for DISTRICT HEIGHTS MD 20747
General Information
Standard status
Active
Size
3,710 SF
Occupancy
100%
Financials
Asking Price
$1,790,900
Cap Rate
7.15%
Additional Details
Traffic Count
31,000 vehicles/day
Listing Agency:
Engel & Volkers Washington, DC
(202) 525-5236
Listed By:
Anita John · License #5018245
(415) 939-9924
Source:
Graves
Added: Sep 4
Changed: Sep 23
Last Checked: Oct 5 at 6:26PM
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 Engel & Volkers Washington, DC
Investment Insights
Based on property information with market context.
The storefront property at 7605-7609 Marlboro Pike in District Heights, Maryland, contains approximately 3,710 SF of retail space. The asset is fully leased and 100% occupied by long-term tenants, including a nail salon suite with a recently renegotiated lease that provides 5% annual rent escalations.
The property sits along a high-visibility corridor reporting 31,000 VPD and is located within a Prince George’s County revitalization zone. The offering reflects a 7.15% Cap Rate and has remained under family ownership since 1956.
The property sits along a high-visibility corridor reporting 31,000 VPD and is located within a Prince George’s County revitalization zone. The offering reflects a 7.15% Cap Rate and has remained under family ownership since 1956.
Key Highlights
- Approximately ±3,710 SF of retail space
- 100% occupied by long‑term tenants
- Nail salon lease includes 5% annual rent escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,343
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,666,860
$1.7M
Cap Rate 7%
$1,190,614
$1.2M
Cap Rate 9%
$926,033
$926.0K
Market Conditions
NOI Build-Up for 3,710 SF
Gross rent
$126.0K $33.96/SF
− Vacancy
−$6.9K −$1.87/SF
EGI
$119.1K $32.09/SF
− OpEx
−$35.7K −$9.63/SF
NOI
$83.3K $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 Rate 5%
$1,666,860
Cap Rate 7%
$1,190,614
Cap Rate 9%
$926,033
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,343 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,778 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
31,000 VPD
Traffic count
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
180k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Dining 29%
Groceries 28%
Electronics 2%
Shoppers Food & Pharmacy
Groceries
27,350 visits/mo
0.3 miles
Aldi
Groceries
23,686 visits/mo
0.3 miles
Burger King
Dining
20,439 visits/mo
0.4 miles
Family Dollar
Shops & Services
19,932 visits/mo
0.3 miles
Wells Fargo
Shops & Services
12,220 visits/mo
0.3 miles
Demographics for 20747, MD
40,696
Population
17,271
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
7.9 sq mi
ZIP Area
5,151
Density / Sq Mi
$72,931
Median Household Income
$48,311
Median Earnings
$1,635
Median Rent
$325,400
Median Home Value
Market
Vacancy Rate% for Retail 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?
Storefront property - Fully occupied retail suites include a recently revised lease with annual rent escalations.
Where is this storefront property located?
The property is located at DISTRICT HEIGHTS MD 20747 District Heights, MD.
What is the asking price?
The asking price for this property is $1,790,900.
What are key features of this property?
This property features: Approximately ±3,710 SF of retail space; 100% occupied by long‑term tenants; Nail salon lease includes 5% annual rent escalations
