Flex Space with Drive-In
For Sale
Contact for pricing
3931-3941 Penn Belt Pl, District Heights, MD 20747
Industrial condominium with office support, outside storage area, and access to major regional transportation routes.
Property Size6,044 SF
Price / SF$248.18
Days on Market51
Property Features for 3931-3941 Penn Belt Pl
General Information
Standard status
Active
Size
6,044 SF
Property subtype
INDUSTRIAL
Zoning
IE
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Voltage
480 V
Listing Agency:
MacKenzie Commercial Real Estate | Baltimore
(443) 573-3200
Listed By:
Bryan Herr
(443) 875-7505
Source:
Moodyscre
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 14 at 9:23PM
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 MacKenzie Commercial Real Estate | Baltimore
Investment Insights
Based on property information with market context.
This 6,044-square-foot flex property combines industrial space with a practical office and reception area. An oversized drive-in door, 18' clear height, 480V power, parking, and IOS support a range of operational requirements. The property is configured as an industrial condominium and is zoned IE (Industrial Employment).
The facility is immediately adjacent to Joint Base Andrews, with convenient connections to Route 4, I-495, and the Washington, DC metro region. Its combination of warehouse functionality, office support, exterior storage, and transportation access is suited to an owner-user seeking an operational industrial facility.
The facility is immediately adjacent to Joint Base Andrews, with convenient connections to Route 4, I-495, and the Washington, DC metro region. Its combination of warehouse functionality, office support, exterior storage, and transportation access is suited to an owner-user seeking an operational industrial facility.
Key Highlights
- 6,044 SF of industrial space
- Oversized drive‑in door and 18' clear height
- 480V power service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,374
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,327,480
$2.3M
Cap Rate 7%
$1,662,486
$1.7M
Cap Rate 9%
$1,293,044
$1.3M
Market Conditions
NOI Build-Up for 6,044 SF
Gross rent
$155.9K $25.80/SF
− Vacancy
−$19.0K −$3.15/SF
EGI
$136.9K $22.65/SF
− OpEx
−$20.5K −$3.40/SF
NOI
$116.4K $19.25/SF
Area
Prince George's County, MD
Vacancy
12.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,327,480
Cap Rate 7%
$1,662,486
Cap Rate 9%
$1,293,044
Alternative Uses
Best Use
Warehouse
$1.66M
$1.45M – $1.94M
NOI $116,374 @ 7.0% cap · market cap 7.76%
Second Best
Industrial
$1.37M
$1.20M – $1.60M
NOI $95,838 @ 7.0% cap · market cap 6.39%
Theoretical Best
Specialty Retail
$1.95M
$1.71M – $2.27M
NOI $136,484 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20747, MD
40,696
Population
17,271
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
7.9 sq mi
ZIP Area
5,151
Density / Sq Mi
$72,931
Median Household Income
$48,311
Median Earnings
$1,635
Median Rent
$325,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial condominium with office support, outside storage area, and access to major regional transportation routes.
Where is this flex space located?
The property is located at 3931-3941 Penn Belt Pl District Heights, MD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,044 SF of industrial space; Oversized drive‑in door and 18' clear height; 480V power service
