Retail and Warehouse Space
For Sale
$1,299,000
5051 Greenbelt Rd, College Park, MD 20740
Two-story retail space with warehouse and ample parking.
Property Size3,300 SF
Lot Size0.27 Acres
Price / SF$393.64
Days on Market298
Property Features for 5051 Greenbelt Rd
General Information
Standard status
Active
Size
3,300 SF
Lot size
0.27 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,034
Building Details
Year Built
1956
Listing Agency:
METRO HOMES DMV LLC
(703) 784-0012
Listed By:
PATRICIA CARABALLO · License #0225195827
Source:
Corcoran
Added: Oct 16, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:13AM
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 METRO HOMES DMV LLC
Investment Insights
Based on property information with market context.
This commercial property includes a two-story building featuring approximately 2,400 square feet of retail space, along with an additional 900 square feet of warehouse space at the rear. The property is situated on a 0.19-acre lot in a visible and accessible location with high foot and vehicle traffic, with approximately 40,101 vehicles passing by daily. The retail area spans two floors, suitable for various retail operations. The warehouse provides additional storage or operational space. A new roof was installed in 2015. The property accommodates approximately 20 vehicles, offering convenience for customers and staff. Zoned CSC, the property allows for diverse business opportunities. It provides convenient access to Kenilworth Ave. and Route 1, making it suitable for retail or commercial enterprises.
Key Highlights
- High‑traffic location with approximately 40,101 vehicles passing daily.
- 2,400± SF of retail space across two floors.
- 900± SF warehouse space for storage or operations.
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
$74,133
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
5.71%
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%
$1,482,660
$1.5M
Cap Rate 7%
$1,059,043
$1.1M
Cap Rate 9%
$823,700
$823.7K
Market Conditions
NOI Build-Up for 3,300 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
$112.1K $33.96/SF
− Vacancy
−$6.2K −$1.87/SF
EGI
$105.9K $32.09/SF
− OpEx
−$31.8K −$9.63/SF
NOI
$74.1K $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 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%
$1,482,660
Cap Rate 7%
$1,059,043
Cap Rate 9%
$823,700
Alternative Uses
Best Use
Retail
$1.06M
$926.7K – $1.24M
NOI $74,133 @ 7.0% cap · market cap 5.71%
Second Best
Warehouse
$907.7K
$794.3K – $1.06M
NOI $63,540 @ 7.0% cap · market cap 4.89%
Theoretical Best
Specialty Retail
$1.06M
$931.5K – $1.24M
NOI $74,520 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
Explore this area
Business Placement
Demographics for 20740, MD
36,930
Population
13,079
Households
2.8
Avg Household Size
27
Median Age
49%
College-Educated
86%
High-School Grad
8.8 sq mi
ZIP Area
4,197
Density / Sq Mi
$81,359
Median Household Income
$29,270
Median Earnings
$1,788
Median Rent
$417,100
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.
Frequently Asked Questions
What type of property is this?
Retail space - Two-story retail space with warehouse and ample parking.
Where is this retail space located?
The property is located at 5051 Greenbelt Rd College Park, MD.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: High‑traffic location with approximately 40,101 vehicles passing daily.; 2,400± SF of retail space across two floors.; 900± SF warehouse space for storage or operations.
