Mixed-Use Commercial Building
For Sale
$998,999
2900 QUEENS CHAPEL ROAD, 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 Market114
Property Features for 2900 QUEENS CHAPEL ROAD
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$3,951
Amenities
Central Air
3
Driveway.
Other.
Building Details
Year Built
1937
Listing Agency:
Smart Realty, LLC
(301) 445-1395
Listed By:
Yenni Felix · License #626457
(240) 406-6449
Source:
Xome
Added: May 15
Changed: Sep 2
Last Checked: Sep 5 at 6:13AM
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
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 = 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
$56,161
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
5.62%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office 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?
Office units - Commercial building along high-traffic Queens Chapel Road with zoning changes effective April 1, 2022.
Where is this office units located?
The property is located at 2900 QUEENS CHAPEL ROAD 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
