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 Market369
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
Retail
Zoning
CSC
Site & Location
Traffic Count
40,101 vehicles/day
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$12,034
Building Details
Building Size
2,400 SF
Year Built
1956
Stories
2
Listing Agency:
Metro Homes DMV LLC
Listed By:
Patricia Caraballo · License #0225195827
(571) 839-4785
Source:
Kerishull
Added: Oct 16, 2025
Changed: Oct 10
Last Checked: Oct 16 at 4:16PM
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
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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 / Yr
$53,915
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- La Prima Catering — 5105 Berwyn Rd #101, College Park, MD 20740
- Catering by Seasons — 5105 Berwyn Rd, College Park, MD 20740
- Kouzina Lux Catering — 9204 Baltimore Ave, College Park, MD 20740
- Sardi’s Catering — 9204 Baltimore Ave, College Park, MD 20740
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
