3306 RHODE ISLAND AVENUE, Mt Rainier, MD 20712

Building Details

Year Built 1966 More

Listing Agency: Keller Williams Capital Properties Show Phone

Listed By: Joseph Ewing Martin Jr. · License #5022591 Show Phone

Source: Cummingsrealtors

Added: Sep 11 Changed: Nov 6 Last Checked: Nov 8 at 6:57AM

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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 Keller Williams Capital Properties

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Investment Insights

Based on property information with market context.

This retail property contains approximately 1,650 square feet of commercial space in a building constructed in 1966. The space is positioned along Rhode Island Avenue and is described as suitable for retail, restaurant, customer-service, professional-service, and other permitted commercial uses.

The property is in Mount Rainier, Maryland, with access to Washington, DC, and communities throughout Prince George's County. Nearby businesses, restaurants, residential neighborhoods, and public transportation contribute to the surrounding commercial setting.

Key Highlights

• Approximately 1,650 SF of commercial space
• Located along Rhode Island Avenue in Mount Rainier, MD
• Constructed in 1966

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,066

Suggested Prices Based on Cap Rates

Cap Rate 5%

$741,320 $741.3K

Cap Rate 7%

$529,514 $529.5K

Cap Rate 9%

$411,844 $411.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,650 SF

Gross rent

$56.0K $33.96/SF

− Vacancy

−$3.1K −$1.87/SF

EGI

$53.0K $32.09/SF

− OpEx

−$15.9K −$9.63/SF

NOI

$37.1K $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%

$741,320

Cap Rate 7%

$529,514

Cap Rate 9%

$411,844

Alternative Uses

Best Use

Retail

$529.5K

$463.3K – $617.8K (±1% cap)

NOI $37,066 @ 7.0% cap · market cap 852.29%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$532.3K

$465.8K – $621.0K (±1% cap)

NOI $37,260 @ 7.0% cap · market cap 856.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Smoke-Stock & Chimney Seasonal, ... Building Supply

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Accounting Firm Skin Care Clinic Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

929

Businesses Nearby

32k

Monthly Visits Nearby

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

Average Price Trend$/SF for Retail space in Prince George's County, MD

$365 Jul

$308 Aug

$306 Sep

$309 Oct

Properties on Market for Retail space in Prince George's County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Commercial space on a neighborhood corridor with access to nearby businesses, residential areas, restaurants, and public transportation.

Where is this retail space located?

The property is located at 3306 RHODE ISLAND AVENUE Mt Rainier, MD.

What are key features of this property?

This property features: Approximately 1,650 SF of commercial space; Located along Rhode Island Avenue in Mount Rainier, MD; Constructed in 1966