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    Renovated Commercial Condo Suites Title is generated by Realmo AI

    2000 Spaulding Avenue Unit D, Suitland, MD 20746

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    For Sale
    $230,000

    Three renovated condo suites are available off Pennsylvania Avenue, with units D and E combined and sold with an existing tenant.

    Type:Mixed Use
    Property size:
    736 SF
    Price / SF:
    $312/SF
    Added:
    Jun 27, 2026
    Days on Market:
    10
    Last Refresh:
    Jul 5 at 2:22 am

    Property Features for 2000 Spaulding Avenue Unit D

    General Information

    Standard status
    Active
    Size
    736 SF
    Property subtype
    Mixed Use

    Building Details

    Year Built
    1985

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    Traquel Butler

    Listing office Long & Foster Real Estate, Inc.

    Listing date Jun 27, 2026

    Source Xome

    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 Long & Foster Real Estate, Inc.

    HighLights

    • Three renovated commercial condo suites (A, D, E) off Pennsylvania Avenue
    • Units D and E are combined and must be sold together with an existing tenant (listed at $230k)
    • Seller prefers to sell all three units (A, D, E) together for $300k
    • Central air cooling; heating listed as “3”
    • Zoning: CSC; no parking reported

    Overview

    This offering includes three commercial condo suites for sale: A, D, and E. The units are described as fantastically renovated and are positioned for flexible small-business use, including office and retail-type operations, as well as salon use or other neighborhood services. Units D and E have been combined and are currently occupied by a tenant, which requires that they be sold together.

    The suites are located just off Pennsylvania Avenue at 2000 Spaulding Avenue, Suitland, MD 20746. The public remarks note Suitland’s active business environment with federal offices and nearby new development, and the property is described as being close to the metro.

    The seller’s preference is to sell all three suites together. The combined D and E space, due to the existing tenant, must be sold as a package for $230,000. The seller will offer all three units together for $300,000. For buyers seeking an owner-occupied or small-business-compatible configuration with multiple suites in one transaction, this structure provides a straightforward path to acquire renovated space in a single consolidated purchase.

    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 $25.0k $33.96
    − Vacancy −$1.4k −$1.87
    EGI $23.6k $32.09
    − OpEx −$7.1k −$9.63
    NOI $16.5k $22.46
    736 SF · lease $33.96/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $236.2K
    $206.7K – $275.6K (±1% cap)
    NOI $16,534 @ 7.0% cap · market cap 7.19%
    Second Best
    Office B
    $160.6K
    $140.6K – $187.4K (±1% cap)
    NOI $11,244 @ 7.0% cap · market cap 4.89%
    Theoretical Best
    Specialty Retail
    $237.4K
    $207.8K – $277.0K (±1% cap)
    NOI $16,620 @ 7.0% cap · market cap 7.23%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Hope Fellowship Church Church Neva Regula Creations/Perfume ... Clothing Store Peach Acupressure Alternative Medicine Practice M&M Spa Spa & Massage Center Zipporah's Touch Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Dental Office Gym & Fitness Center Hotel & Motel Building Supply Kitchen & Bath Showroom Big Box & Wholesale Store Skin Care Clinic Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Suitland
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9244414
    Latitude
    38.8637337

    FAQs

    What type of property is this?
    Office units - Three renovated condo suites are available off Pennsylvania Avenue, with units D and E combined and sold with an existing tenant.
    Where is this office units located?
    The property is located at 2000 Spaulding Avenue Unit D Suitland, MD.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: Three renovated commercial condo suites (A, D, E) off Pennsylvania Avenue; Units D and E are combined and must be sold together with an existing tenant (listed at $230k); Seller prefers to sell all three units (A, D, E) together for $300k
    More about this property
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