Bowie Retail Investment
For Sale
$3,750,000
15704 Mount Oak Road, Bowie, MD 20716
Freestanding retail property in Bowie, MD with established tenants.
Property Size8,533 SF
Price / SF$439.47
Days on Market269
Property Features for 15704 Mount Oak Road
General Information
Standard status
Active
Size
8,533 SF
Class
C
Property subtype
Retail
Building Details
Building Size
8,533 SF
Year Built
1985
Listing Agency:
NAI Michael
(301) 597-9504
Listed By:
Marcus N. Daniels · License #660771
(301) 597-9504
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 16
Last Checked: Aug 16 at 4:21AM
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 property at 15704 Mt Oak Rd in Bowie, MD 20716 is an 8,533 square foot one-story free-standing retail investment property. Built in 1985, the building is situated in a commercial area, offering visibility. The property has tenants and provides immediate income. The shopping center is located in the Mt Oak corridor. The property is located in Bowie, Maryland, within Prince George’s County, outside the Washington, D.C. metropolitan area, providing access to a consumer base. It has proximity to major transportation arteries such as Route 50, serving as a hub for regional commerce. The land size is 0.82 acres, which is 35,791 square feet. The building FAR is 0.24. Zoning is C-G-O (Commercial General Office). There are 45 surface parking spaces, with a parking ratio of 5.06 per 1,000 square feet. Tenants include 7-Eleven, Mount Oak Dry Cleaners, Hunan Gardens, M & B Holistic Hair Care, and Tight N Up. The tenants have been in place for over 20 years. The total annualized rent is $283,000, and the net operating income is $189,277.
Key Highlights
- Stable income‑producing property with a Net Operating Income (NOI) of $189,277.
- High occupancy with well‑established tenants, some in place for over 20 years, providing immediate income.
- Prime location in Bowie, MD, a thriving suburban area with high visibility and access to a diverse consumer 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
$192,690
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
5.14%
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%
$3,853,800
$3.9M
Cap Rate 7%
$2,752,714
$2.8M
Cap Rate 9%
$2,141,000
$2.1M
Market Conditions
NOI Build-Up for 8,533 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
$289.8K $33.96/SF
− Vacancy
−$32.9K −$3.85/SF
EGI
$256.9K $30.11/SF
− OpEx
−$64.2K −$7.53/SF
NOI
$192.7K $22.58/SF
Area
Prince George's County, MD
Vacancy
11.34%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
25.00%
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%
$3,853,800
Cap Rate 7%
$2,752,714
Cap Rate 9%
$2,141,000
Alternative Uses
Best Use
Specialty Retail
$2.75M
$2.41M – $3.21M
NOI $192,690 @ 7.0% cap · market cap 5.14%
Second Best
Retail
$2.74M
$2.40M – $3.19M
NOI $191,690 @ 7.0% cap · market cap 5.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 20716, MD
22,874
Population
9,492
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
94%
High-School Grad
11.5 sq mi
ZIP Area
1,989
Density / Sq Mi
$122,683
Median Household Income
$66,987
Median Earnings
$2,140
Median Rent
$405,900
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?
Strip mall - Freestanding retail property in Bowie, MD with established tenants.
Where is this strip mall located?
The property is located at 15704 Mount Oak Road Bowie, MD.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Stable income‑producing property with a Net Operating Income (NOI) of $189,277.; High occupancy with well‑established tenants, some in place for over 20 years, providing immediate income.; Prime location in Bowie, MD, a thriving suburban area with high visibility and access to a diverse consumer base.
