Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Story Retail and Warehouse Building Title is generated by Realmo AI

    5051 Greenbelt Road, College Park, MD 20740

    View on Map
    Claim this Listing
    For Sale
    $1,299,000

    Two-story retail with rear warehouse provides flexible space for retailers needing on-site storage.

    Type:Commercial
    Property size:
    2,400 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $541/SF
    Added:
    Jul 14, 2025
    Days on Market:
    327
    Last Refresh:
    Jun 5 at 2:12 am

    Property Features for 5051 Greenbelt Road

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Lot size
    0.19 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1956

    We can help!

    Listing Contact
    Patricia Caraballo

    Listing agent Patricia Caraballo

    Listing office Metro Homes DMV LLC

    Listing date Jul 14, 2025

    Source Deepcreeklake

    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

    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
    • New roof installed in 2015
    • Highly visible location with approximately 40,101 vehicles passing by each day
    • Zoned CSC, with convenient access to Kenilworth Ave and Route 1

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Crazy Car Audio Electronics & Wireless Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places 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

    Location Insight

    • Map
    • Local Demand
    City
    College Park
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9236486
    Latitude
    38.9978722

    Nearby Similar for Sale

    • $1,725,000
      5,200 SF

      Updated Multifamily Building in College Park

      Six-unit multifamily property with steady income in College Park, MD.
      7404 COLUMBIA Avenue, COLLEGE PARK, MD 20740
      View Details
    • $6,000,000
      38,000 SF

      College Park Commercial Building on Rt. 1

      38,000 SF commercial building in College Park, MD for sale.
      9520 Baltimore Ave, COLLEGE PARK, MD 20740
      View Details
    • $1,725,000

      Updated Multifamily Investment Property

      Six-unit multifamily property in College Park with steady rental income.
      7404 COLUMBIA Ave, College Park, MD 20740
      View Details
    • $3,000,000
      9,000 SF

      Turnkey Restaurant Opportunity

      Turnkey restaurant for rent with long-term leasehold.
      4656 Hotel Dr, College Park, MD
      View Details
    • $199,999
      1,356 SF

      Spacious College Park Condo

      Two-bedroom condo with balcony, fitness center, and pool.
      6100 WESTCHESTER PARK DRIVE 1211, COLLEGE PARK, MD 20740
      View Details
    • $110
      11,175 SF

      College Park Office Building For Sale

      Office building for sale in College Park, Maryland.
      9207 51st Ave, College Park, MD 20740
      View Details
    • Contact for pricing
      4,446 SF

      College Park Multifamily Investment Property

      24-bed property near the University of Maryland.
      4612 College Ave and 7501 Hopkins Ave, College Park, MD 20740
      View Details

    FAQs

    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
    We can help!
    Listing Contact
    Patricia Caraballo
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5051 Greenbelt Road, College Park, MD 20740
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!