Commercial Land with Warehouse
For Sale
$1,500,000
4414 Pennwood Rd, Brentwood, MD 20722
Multiple lots with an estimated warehouse building and NAC zoning support flexible mixed-use redevelopment planning.
Property Size6,000 SF
Lot Size0.83 Acres
Price / SF$250
Days on Market53
Property Features for 4414 Pennwood Rd
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.83 Acres
Property subtype
Commercial
Zoning
NAC
Taxes and HOA fees
Annual Taxes
$2,232
Building Details
Year Built
1948
Listing Agency:
RE/MAX ADVANTAGE REALTY
(410) 740-1200
Listed By:
SHURNELL CATHEY · License #SP100818
Source:
Corcoran
Added: Jun 21
Changed: Aug 8
Last Checked: Aug 11 at 9:23AM
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 ADVANTAGE REALTY
Investment Insights
Based on property information with market context.
The offering includes multiple lots sold together, totaling 35,937 square feet, with a warehouse building estimated at 6,000 square feet. The property is positioned for adaptive reuse or redevelopment under Prince George’s County’s Neighborhood Activity Center (NAC) zoning district. The NAC zoning framework is designed to support walkable, community-oriented development that can integrate residential, office, retail, personal service, and civic uses, creating live-work-play style environments. Buyers are encouraged to independently confirm permitted uses and development potential with Prince George’s County.
The property is described as being in the heart of Brentwood within Prince George’s County. It is also characterized as being inside the Route 1 Corridor and Gateway Arts District area, providing convenient access toward Washington, D.C., Hyattsville, Mount Rainier, and College Park. Commuter connectivity is noted with nearby access to U.S. Route 1, Rhode Island Avenue, and the Baltimore-Washington Parkway (MD-295), along with multiple Metrobus and TheBus routes. Nearby Metro station access is indicated at West Hyattsville and Rhode Island Avenue.
For buyers and operators, this assemblage offers a practical redevelopment platform where the existing estimated warehouse footprint may support phased planning, while NAC zoning supports a broader neighborhood-serving mix. Ideal use cases described in the materials include residential redevelopment, mixed-use concepts, professional office space, and neighborhood retail or other service-oriented uses, subject to verification of approvals and requirements with the county.
The property is described as being in the heart of Brentwood within Prince George’s County. It is also characterized as being inside the Route 1 Corridor and Gateway Arts District area, providing convenient access toward Washington, D.C., Hyattsville, Mount Rainier, and College Park. Commuter connectivity is noted with nearby access to U.S. Route 1, Rhode Island Avenue, and the Baltimore-Washington Parkway (MD-295), along with multiple Metrobus and TheBus routes. Nearby Metro station access is indicated at West Hyattsville and Rhode Island Avenue.
For buyers and operators, this assemblage offers a practical redevelopment platform where the existing estimated warehouse footprint may support phased planning, while NAC zoning supports a broader neighborhood-serving mix. Ideal use cases described in the materials include residential redevelopment, mixed-use concepts, professional office space, and neighborhood retail or other service-oriented uses, subject to verification of approvals and requirements with the county.
Key Highlights
- Year built: 1948
- Multiple lots sold together with total estimated building size of 6,000 SF on 35,937 SF total lots
- Situated in Prince George's County Neighborhood Activity Center (NAC) zoning district for flexible mixed‑use development planning
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
$115,527
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
7.70%
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%
$2,310,540
$2.3M
Cap Rate 7%
$1,650,386
$1.7M
Cap Rate 9%
$1,283,633
$1.3M
Market Conditions
NOI Build-Up for 6,000 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
$154.8K $25.80/SF
− Vacancy
−$18.9K −$3.15/SF
EGI
$135.9K $22.65/SF
− OpEx
−$20.4K −$3.40/SF
NOI
$115.5K $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 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%
$2,310,540
Cap Rate 7%
$1,650,386
Cap Rate 9%
$1,283,633
Alternative Uses
Best Use
Warehouse
$1.65M
$1.44M – $1.93M
NOI $115,527 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.94M
$1.69M – $2.26M
NOI $135,490 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 20722, MD
6,498
Population
2,307
Households
2.8
Avg Household Size
36
Median Age
22%
College-Educated
67%
High-School Grad
1.5 sq mi
ZIP Area
4,332
Density / Sq Mi
$85,750
Median Household Income
$41,854
Median Earnings
$1,505
Median Rent
$378,600
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Warehouse - Multiple lots with an estimated warehouse building and NAC zoning support flexible mixed-use redevelopment planning.
Where is this warehouse located?
The property is located at 4414 Pennwood Rd Brentwood, 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: Year built: 1948; Multiple lots sold together with total estimated building size of 6,000 SF on 35,937 SF total lots; Situated in Prince George's County Neighborhood Activity Center (NAC) zoning district for flexible mixed‑use development planning
