Renovated Office
For Sale
$252,000
3321 TOLEDO TERRACE, Hyattsville, MD 20782
Central air complements a professionally managed condominium setting with parking throughout the complex.
Property Size1,210 SF
Price / SF$208.26
Days on Market112
Property Features for 3321 TOLEDO TERRACE
General Information
Standard status
Active
Size
1,210 SF
Property subtype
Office
Property Condition
Severity
Minor
Evidence
A little touch up painting
Taxes and HOA fees
Annual Taxes
$3,019
Amenities
Central Air
3
Parking.
Lot.
Other.
Building Details
Year Built
1991
Listing Agency:
RE/MAX Allegiance
(571) 217-4658
Listed By:
Leah Webster
(571) 217-4658
Source:
Xome
Added: May 2
Changed: Aug 20
Last Checked: Aug 21 at 5:22AM
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 1,210-square-foot office unit is located within a condominium project built in 1991. The space has been renovated and includes central air, with minor touch-up painting identified as the remaining work. The surrounding condominium property is professionally managed and maintained.
Parking is available throughout the condominium complex, and neighboring units are occupied by a mix of businesses. The property is positioned directly across from the Mall at Prince Georges, providing a clearly established commercial setting for an office user or owner occupant.
Parking is available throughout the condominium complex, and neighboring units are occupied by a mix of businesses. The property is positioned directly across from the Mall at Prince Georges, providing a clearly established commercial setting for an office user or owner occupant.
Key Highlights
- 1,210‑square‑foot renovated office unit
- Central air conditioning
- Professionally managed condominium project
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
$18,485
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
7.34%
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%
$369,700
$369.7K
Cap Rate 7%
$264,071
$264.1K
Cap Rate 9%
$205,389
$205.4K
Market Conditions
NOI Build-Up for 1,210 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
$29.8K $24.60/SF
− Vacancy
−$5.1K −$4.23/SF
EGI
$24.6K $20.37/SF
− OpEx
−$6.2K −$5.09/SF
NOI
$18.5K $15.28/SF
Area
Prince George's County, MD
Vacancy
17.20%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
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%
$369,700
Cap Rate 7%
$264,071
Cap Rate 9%
$205,389
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Central air complements a professionally managed condominium setting with parking throughout the complex.
Where is this office units located?
The property is located at 3321 TOLEDO TERRACE 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: 1,210‑square‑foot renovated office unit; Central air conditioning; Professionally managed condominium project
