Automotive Property with Repair
For Sale
$525,000
Pending
1508 OPUS Ave, Capitol Heights, MD 20743
Commercial property with automotive zoning, ideal for auto repair.
Property Size1,596 SF
Lot Size0.23 Acres
Days on Market164
Property Features for 1508 OPUS Ave
General Information
Standard status
Pending
Size
1,596 SF
Lot size
0.23 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$3,172
Building Details
Year Built
1947
Units
1
Listing Agency:
BENNETT REALTY SOLUTIONS
(202) 550-5709
Listed By:
Wayne K. Williams Jr. · License #ABR98370406
(202) 550-5709
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Jul 23 at 10:43AM
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 BENNETT REALTY SOLUTIONS
Investment Insights
Based on property information with market context.
This prime commercial property, zoned for automotive use, features two auto repair bays within a 1,596 sq. ft. building on a 0.23-acre fenced lot. The property includes 8-foot garage door clearance to concrete-constructed auto-service bays and a vehicle service ramp. The spacious paved lot can accommodate an estimated 10 to 15 vehicles. There are two gated entrances with separate driveway aprons that allow considerable access and maneuverability within the fenced lot. Vehicle lifts convey with the property. The upper level is spacious and suitable for office or storage. For decades, this location has operated as an auto repair and body shop, making it an excellent opportunity for those looking to continue in the automotive industry. The property is located in a vibrant Prince George’s County residential and retail corridor, just off of Marlboro Pike near the Oakcrest Community Center, and is easily accessible from Pennsylvania Ave (Rte. 4).
Key Highlights
- Prime commercial property with automotive zoning approved for 3‑bay auto repair (currently 2 bays).
- Established auto repair/body shop location for decades, offering a turnkey opportunity.
- Spacious paved lot with room for 10‑15 vehicles and fenced for security.
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
$35,853
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
6.83%
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%
$717,060
$717.1K
Cap Rate 7%
$512,186
$512.2K
Cap Rate 9%
$398,367
$398.4K
Market Conditions
NOI Build-Up for 1,596 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
$54.2K $33.96/SF
− Vacancy
−$3.0K −$1.87/SF
EGI
$51.2K $32.09/SF
− OpEx
−$15.4K −$9.63/SF
NOI
$35.9K $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%
$717,060
Cap Rate 7%
$512,186
Cap Rate 9%
$398,367
Alternative Uses
Best Use
Retail
$512.2K
$448.2K – $597.6K
NOI $35,853 @ 7.0% cap · market cap 6.83%
Second Best
Industrial
$361.5K
$316.3K – $421.8K
NOI $25,307 @ 7.0% cap · market cap 4.82%
Theoretical Best
Specialty Retail
$514.9K
$450.5K – $600.7K
NOI $36,040 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
44k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
Popeyes Louisiana Kitchen
Dining
14,594 visits/mo
0.4 miles
7-Eleven
Shops & Services
10,721 visits/mo
0.5 miles
BP
Shops & Services
6,417 visits/mo
0.4 miles
Shell
Shops & Services
5,516 visits/mo
0.1 miles
BP
Shops & Services
5,008 visits/mo
0.4 miles
Demographics for 20743, MD
40,709
Population
16,521
Households
2.5
Avg Household Size
38
Median Age
23%
College-Educated
86%
High-School Grad
9.6 sq mi
ZIP Area
4,241
Density / Sq Mi
$76,332
Median Household Income
$47,762
Median Earnings
$1,614
Median Rent
$317,100
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.
Similar Off Market Nearby
- Masters Auto Shop — 5611 Marlboro Pike, District Heights, MD 20747
- Sam's Auto Services — 5541 Marlboro Pike, District Heights, MD 20747
- Ancash Roadside Assistance — 2301 Brooks Dr Apt 303, Suitland-Silver Hill, MD 20746
- Oil plugz LLC — 5401 Marlboro Pike, District Heights, MD 20747
- McCoy 24/7 Auto Repair — 5409 Walker Mill Rd, Capitol Heights, MD 20743
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property with automotive zoning, ideal for auto repair.
Where is this auto shop located?
The property is located at 1508 OPUS Ave Capitol Heights, MD.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Prime commercial property with automotive zoning approved for 3‑bay auto repair (currently 2 bays).; Established auto repair/body shop location for decades, offering a turnkey opportunity.; Spacious paved lot with room for 10‑15 vehicles and fenced for security.
