Two-Story Retail and Warehouse
For Sale
$1,299,000
5051 Greenbelt Road, College Park, MD 20740
Two-story retail with rear warehouse provides flexible space for retailers needing on-site storage.
Property Size2,400 SF
Lot Size0.19 Acres
Price / SF$541.25
Days on Market355
Property Features for 5051 Greenbelt Road
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
20
Lot size
0.19 Acres
Property subtype
Commercial
Zoning
CSC
Lease Term
[]
Site & Location
Traffic Count
40,101 vehicles/day
Road Access
Yes
Building Details
Year Built
1956
Stories
2
Listing Agency:
Metro Homes DMV LLC
Listed By:
Patricia Caraballo · License #0225195827
(571) 839-4785
Source:
Deepcreeklake
Added: Sep 14, 2025
Changed: Sep 3
Last Checked: Sep 2 at 7:59PM
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.
The property at 5051 Greenbelt Road is a two-story commercial building that combines customer-facing retail space with rear warehouse area. Approximately 2,400 square feet of retail space is distributed across two floors, supported by an additional 900 square feet of warehouse space at the rear for storage or operational needs. The building has a newer roof installed in 2015, and the site includes parking for approximately 20 vehicles.
The parcel is about 0.19 acres and is described as highly visible and accessible, drawing both foot and vehicle traffic. The property reports approximately 40,101 vehicles passing by each day, and it is positioned for convenient access to Kenilworth Ave. and Route 1.
With retail space across two levels plus a dedicated rear warehouse component, this layout can fit a range of retail or commercial operators seeking an on-site back-of-house area. The property is listed under zoning classified as CSC, which the record states allows for diverse business opportunities. For buyers evaluating a retail-oriented purchase, the combination of visibility, parking, and integrated storage supports practical day-to-day operations.
The parcel is about 0.19 acres and is described as highly visible and accessible, drawing both foot and vehicle traffic. The property reports approximately 40,101 vehicles passing by each day, and it is positioned for convenient access to Kenilworth Ave. and Route 1.
With retail space across two levels plus a dedicated rear warehouse component, this layout can fit a range of retail or commercial operators seeking an on-site back-of-house area. The property is listed under zoning classified as CSC, which the record states allows for diverse business opportunities. For buyers evaluating a retail-oriented purchase, the combination of visibility, parking, and integrated storage supports practical day-to-day operations.
Key Highlights
- Two‑story retail building with approximately 2,400± SF of retail space across two floors
- Additional 900± SF rear warehouse space for storage or operational use
- 0.19‑acre lot with space for approximately 20 vehicles for convenient on‑site parking
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
$53,915
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
4.15%
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%
$1,078,300
$1.1M
Cap Rate 7%
$770,214
$770.2K
Cap Rate 9%
$599,056
$599.1K
Market Conditions
NOI Build-Up for 2,400 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
$81.5K $33.96/SF
− Vacancy
−$4.5K −$1.87/SF
EGI
$77.0K $32.09/SF
− OpEx
−$23.1K −$9.63/SF
NOI
$53.9K $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%
$1,078,300
Cap Rate 7%
$770,214
Cap Rate 9%
$599,056
Alternative Uses
Best Use
Retail
$770.2K
$673.9K – $898.6K
NOI $53,915 @ 7.0% cap · market cap 4.15%
Second Best
Warehouse
$660.2K
$577.6K – $770.2K
NOI $46,211 @ 7.0% cap · market cap 3.56%
Theoretical Best
Specialty Retail
$774.2K
$677.5K – $903.3K
NOI $54,196 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
40,101 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
Balanced
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story retail with rear warehouse provides flexible space for retailers needing on-site storage.
Where is this flex space located?
The property is located at 5051 Greenbelt Road 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: Two‑story retail building with approximately 2,400± SF of retail space across two floors; Additional 900± SF rear warehouse space for storage or operational use; 0.19‑acre lot with space for approximately 20 vehicles for convenient on‑site parking
