Vacant Storefront
New
For Sale
$680,000
3301 RHODE ISLAND AVENUE, Mount Rainier, MD 20712
Street-front commercial building with an existing retail-oriented layout in a high-traffic corridor.
Property Size2,020 SF
Price / SF$336.63
Days on Market2
Property Features for 3301 RHODE ISLAND AVENUE
General Information
Standard status
Active
Size
2,020 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$7,353
Building Details
Building Size
2,020 SF
Year Built
1930
Listing Agency:
Greysteel Company LLC
(202) 280-2722
Listed By:
Ari Firoozabadi · License #SP200205538
(202) 280-2722
Source:
Kerishull
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 3:17AM
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 Greysteel Company LLC
Investment Insights
Based on property information with market context.
This 2,020-square-foot storefront property was built in 1930 and has recently become vacant. The mixed-use building includes an existing buildout and street frontage, providing a physical starting point for a retail concept or other commercial occupancy supported by the existing configuration.
The property is located on Rhode Island Avenue in Mount Rainier, Maryland, along a high-traffic corridor with connections to Washington, DC, and College Park to the north.
The property is located on Rhode Island Avenue in Mount Rainier, Maryland, along a high-traffic corridor with connections to Washington, DC, and College Park to the north.
Key Highlights
- 2,020‑square‑foot storefront property
- Recently vacated mixed‑use building
- Existing buildout suited to a retail concept
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
$45,378
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
6.67%
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%
$907,560
$907.6K
Cap Rate 7%
$648,257
$648.3K
Cap Rate 9%
$504,200
$504.2K
Market Conditions
NOI Build-Up for 2,020 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
$68.6K $33.96/SF
− Vacancy
−$3.8K −$1.87/SF
EGI
$64.8K $32.09/SF
− OpEx
−$19.4K −$9.63/SF
NOI
$45.4K $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%
$907,560
Cap Rate 7%
$648,257
Cap Rate 9%
$504,200
Alternative Uses
Best Use
Retail
$648.3K
$567.2K – $756.3K
NOI $45,378 @ 7.0% cap · market cap 6.67%
Second Best
Mixed Use
$363.8K
$318.3K – $424.5K
NOI $25,467 @ 7.0% cap · market cap 3.75%
Theoretical Best
Specialty Retail
$651.6K
$570.2K – $760.3K
NOI $45,615 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
929
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 33%
IHOP
Dining
13,179 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
8,662 visits/mo
0.4 miles
Shell
Shops & Services
4,394 visits/mo
0.3 miles
Exxon
Shops & Services
4,227 visits/mo
0.4 miles
Extra Space Storage
Shops & Services
1,932 visits/mo
0.3 miles
Demographics for 20712, MD
9,526
Population
4,271
Households
2.2
Avg Household Size
35
Median Age
34%
College-Educated
83%
High-School Grad
0.7 sq mi
ZIP Area
13,609
Density / Sq Mi
$68,452
Median Household Income
$42,881
Median Earnings
$1,442
Median Rent
$531,100
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.
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Frequently Asked Questions
What type of property is this?
Storefront property - Street-front commercial building with an existing retail-oriented layout in a high-traffic corridor.
Where is this storefront property located?
The property is located at 3301 RHODE ISLAND AVENUE Mount Rainier, MD.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 2,020‑square‑foot storefront property; Recently vacated mixed‑use building; Existing buildout suited to a retail concept
