Mixed-Use Commercial Building
For Sale
$998,999
2900 Queens Chapel Rd, Hyattsville, MD 20782
Commercial building along high-traffic Queens Chapel Road with zoning changes effective April 1, 2022.
Property Size2,500 SF
Price / SF$399.60
Days on Market131
Property Features for 2900 Queens Chapel Rd
General Information
Standard status
Active
Size
2,500 SF
Building Details
Year Built
1937
Listing Agency:
Smart Realty, LLC
Listed By:
Yenni S Felix · License #626457
(301) 445-1395
Source:
Riverfoxrealty
Added: Jun 12
Changed: Oct 13
Last Checked: Oct 6 at 12:48AM
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 Smart Realty, LLC
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Investment Insights
Based on property information with market context.
This commercial building is located along high-traffic Queens Chapel Road in Hyattsville, Maryland. The property includes zoning changes effective April 1, 2022, and the offering notes redevelopment potential, including office, retail, and/or mixed-use possibilities; however, all parties are advised to verify zoning regulations and permitted uses with Prince George’s County.
The remarks indicate the building is walkable to the West Hyattsville Metro and to Prince George’s Plaza Mall and Metro. The seller, their agent, and/or broker do not guarantee the accuracy of zoning information.
For showings, appointments must be approved, and tenants should not be disturbed. All showing requests require texting or calling the owner.
The remarks indicate the building is walkable to the West Hyattsville Metro and to Prince George’s Plaza Mall and Metro. The seller, their agent, and/or broker do not guarantee the accuracy of zoning information.
For showings, appointments must be approved, and tenants should not be disturbed. All showing requests require texting or calling the owner.
Key Highlights
- Commercial building on high‑traffic Queens Chapel Road
- Zoning: CGO; zoning change effective 4/1/22 (seller/agent not guaranteeing zoning info)
- Walk to West Hyattsville Metro and Prince George's Plaza Mall and Metro
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,161
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,123,220
$1.1M
Cap Rate 7%
$802,300
$802.3K
Cap Rate 9%
$624,011
$624.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$84.9K $33.96/SF
− Vacancy
−$4.7K −$1.87/SF
EGI
$80.2K $32.09/SF
− OpEx
−$24.1K −$9.63/SF
NOI
$56.2K $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%
$1,123,220
Cap Rate 7%
$802,300
Cap Rate 9%
$624,011
Alternative Uses
Best Use
Retail
$802.3K
$702.0K – $936.0K
NOI $56,161 @ 7.0% cap · market cap 5.62%
Second Best
Office B
$545.6K
$477.4K – $636.5K
NOI $38,192 @ 7.0% cap · market cap 3.82%
Theoretical Best
Specialty Retail
$806.5K
$705.7K – $940.9K
NOI $56,454 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
Demographics for 20782, MD
35,356
Population
13,312
Households
2.7
Avg Household Size
34
Median Age
37%
College-Educated
78%
High-School Grad
4.3 sq mi
ZIP Area
8,222
Density / Sq Mi
$88,226
Median Household Income
$42,862
Median Earnings
$1,789
Median Rent
$431,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial building along high-traffic Queens Chapel Road with zoning changes effective April 1, 2022.
Where is this office unit located?
The property is located at 2900 Queens Chapel Rd Hyattsville, MD.
What is the asking price?
The asking price for this property is $998,999.
What are key features of this property?
This property features: Commercial building on high‑traffic Queens Chapel Road; Zoning: CGO; zoning change effective 4/1/22 (seller/agent not guaranteeing zoning info); Walk to West Hyattsville Metro and Prince George's Plaza Mall and Metro
