Renovated Condominium Office
For Sale
$252,000
3321 Toledo Terrace Unit 1-10, Hyattsville, MD 20782
Renovated office unit in a professionally managed condominium with ample surrounding parking and nearby established businesses.
Property Size1,210 SF
Price / SF$208.26
Days on Market88
Property Features for 3321 Toledo Terrace Unit 1-10
General Information
Standard status
Active
Size
1,210 SF
Property subtype
Office
Building Details
Year Built
1991
Listing Agency:
RE/MAX Allegiance
(571) 217-4658
Listed By:
Leah Webster
(571) 217-4658
Source:
Xome
Added: May 4
Changed: Jul 10
Last Checked: Jul 24 at 7:11AM
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 RE/MAX Allegiance
Investment Insights
Based on property information with market context.
This renovated office condominium unit is move-in ready, with updates already completed and room for a final round of paint to match an owner’s or tenant’s preferences. The property is part of a well-kept condominium project that is professionally managed, providing a maintained environment for daily operations. The surrounding commercial mix across neighboring units supports a business-focused setting.
The unit is located directly across from the Mall at Prince Georges, placing it within easy reach of retail and services. Ample parking surrounds the condominium complex, which can help accommodate employees, clients, and visitors.
For buyers, the combination of a renovated interior and a professionally managed condo setting can reduce near-term upkeep concerns. For owner-occupants, the existing condition and established neighbor mix may be well-suited for small professional offices that benefit from convenient off-street parking and a stable commercial presence within the condominium project.
The unit is located directly across from the Mall at Prince Georges, placing it within easy reach of retail and services. Ample parking surrounds the condominium complex, which can help accommodate employees, clients, and visitors.
For buyers, the combination of a renovated interior and a professionally managed condo setting can reduce near-term upkeep concerns. For owner-occupants, the existing condition and established neighbor mix may be well-suited for small professional offices that benefit from convenient off-street parking and a stable commercial presence within the condominium project.
Key Highlights
- Renovated office condominium unit in a professionally managed complex
- Directly across from the Mall at Prince Georges
- Central air cooling; heating listed as “3”
Financial Insights For Office B
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 | $29.8k | $24.60 |
| − Vacancy | −$5.1k | −$4.23 |
| EGI | $24.6k | $20.37 |
| − OpEx | −$6.2k | −$5.09 |
| NOI | $18.5k | $15.28 |
1,210 SF · lease $24.60/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$264.1K
$231.1K – $308.1K
NOI $18,485 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$390.3K
$341.6K – $455.4K
NOI $27,324 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,174
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
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Frequently Asked Questions
What type of property is this?
Office units - Renovated office unit in a professionally managed condominium with ample surrounding parking and nearby established businesses.
Where is this office units located?
The property is located at 3321 Toledo Terrace Unit 1-10 Hyattsville, MD.
What is the asking price?
The asking price for this property is $252,000.
What are key features of this property?
This property features: Renovated office condominium unit in a professionally managed complex; Directly across from the Mall at Prince Georges; Central air cooling; heating listed as “3”
