District Heights Retail Center For
5801-5805 Silver Hill Rd, District Heights, MD 20747
28,378 SF retail center in District Heights, Maryland.
Type:Retail
Property size:
28,378 SFPrice / SF:
$396/SF- Added:
- May 12, 2026
- Days on Market:
- 22
- Last Refresh:
- May 14 at 9:36 pm
Property Features for 5801-5805 Silver Hill Rd
General Information
- Standard status
- Active
- Size
- 28,378 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing agent Dean Zang License #MD 665335
Listing office Marcus & Millichap - Washington, D.C.
Listing date May 12, 2026
Source Crexi
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 Marcus & Millichap - Washington, D.C.
HighLights
- New 15‑year lease with a creditworthy, regional medical tenant (largest health system in Maryland with an "A" debt rating) to anchor the property, opening Fall 2026.
- High occupancy rate of 97% with a mix of service‑oriented retailers and a weighted average remaining lease term (WALT) of six years, providing stable cash flow.
- Strong demographics with a dense 3‑mile population of 136,396 residents and limited opportunities for new retail development in the area.
- Excellent location with high traffic counts (19,853 VPD on Silver Hill Road and 10,000 VPD on Old Silver Hill Road) and proximity to major retailers and the Suitland Metro Station.
- Value‑add opportunities including increasing rents to market rate upon tenant rollover (potential to double rent for a 1,643 SF space) and potential spin‑off sale of the new medical building.
- Established retail center built in 2008 with a history of strong performance, driven by multiple points of access and synergies with neighboring businesses like Wells Fargo and Walgreens.
Overview
The Shops at Silver Hill is a 28,378 square foot neighborhood retail center located in District Heights, Maryland. The property is 97% leased to a mix of service-oriented retailers. A creditworthy medical tenant is forthcoming under a new 10-year lease in the property's one outparcel building, expected to open in Fall 2026. The tenant is the largest health system in the state of Maryland by hospital count, with an additional 150 urgent care, primary care, outpatient, and specialty medical facilities across 13 counties statewide and maintains an "A" debt rating. The offering benefits from staggered lease rollover, a compound annual growth rate (CAGR) near 3%, and a weighted average remaining lease term (WALT) of six years. The Shops at Silver has performed exceptionally well since its development in 2008, driven by four points of access across two separate roadways, a dense 3 mile population of 136,396 residents, and strong retail synergies with neighboring businesses. Approximately half of the tenant roster has been in place for nearly a decade, contributing to an average occupancy period over 9 years. The property is located on Silver Hill Road (19,853 VPD) and Old Silver Hill Road (10,000 VPD).
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $963.7k | $33.96 |
| − Vacancy | −$53.0k | −$1.87 |
| EGI | $910.7k | $32.09 |
| − OpEx | −$273.2k | −$9.63 |
| NOI | $637.5k | $22.46 |
28,378 SF · lease $33.96/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.11M
$7.97M – $10.62M
NOI $637,499 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.15M
$8.01M – $10.68M
NOI $640,824 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Penn Station Shopping Center — 5600 Silver Hill Rd, District Heights, MD 20747
- Great Eastern Plaza — 6333 Marlboro Pike, District Heights, MD 20747
- Zimmer Development Co — 5430 Silver Hill Rd, District Heights, MD 20747
- Coinstar Kiosk - Bitcoin ATM — 5500 Silver Hill Road Giant Landover, District Heights, MD 20747
- Coinstar Kiosk - Bitcoin ATM — 5820 Silver Hill Road SuperValu, District Heights, MD 20747
Location Insight
- Map
- Local Demand
- City
- District Heights
- County
- Prince George's
- State
- Maryland
- Longitude
- -76.9060564
- Latitude
- 38.8547398
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 28,378 SF retail center in District Heights, Maryland.
Where is this shopping center located?
The property is located at 5801-5805 Silver Hill Rd District Heights, MD.
What is the asking price?
The asking price for this property is $11,259,444.
What are key features of this property?
This property features: New 15‑year lease with a creditworthy, regional medical tenant (largest health system in Maryland with an "A" debt rating) to anchor the property, opening Fall 2026.; High occupancy rate of 97% with a mix of service‑oriented retailers and a weighted average remaining lease term (WALT) of six years, providing stable cash flow.; Strong demographics with a dense 3‑mile population of 136,396 residents and limited opportunities for new retail development in the area.
