Takoma Park Mixed-Use
For Sale
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7030 Carroll Ave, Takoma Park, MD 20912
Mixed-use property in Takoma Park's vibrant commercial district.
Property Size5,711 SF
Price / SF$218.88
Days on Market155
Property Features for 7030 Carroll Ave
General Information
Standard status
Active
Size
5,711 SF
Property subtype
Mixed Use, Office, Retail
Building Details
Year Built
1922
Listing Agency:
Feldman Ruel
Listed By:
Hannah McCann · License #MD 5005944
Source:
Crexi
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:32AM
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 Feldman Ruel
Investment Insights
Based on property information with market context.
Located in the commercial district of Takoma Park, Maryland, 7030 Carroll Avenue is a mixed-use property featuring four levels. The property is currently configured with retail space on the first level and office space on the second level. Storage space is available on the sublevel and third level, as well as in the attached garage. The property also includes a front yard and a rear parking lot. The Neighborhood Retail (NR) zoning allows for a range of commercial uses and limited residential use. The property is delivered vacant, presenting an opportunity for an investor or user in a neighborhood adjacent to Washington, D.C. The property size is 5711 square feet.
Key Highlights
- Prime location in the vibrant commercial district of Takoma Park, Maryland.
- Delivered vacant, offering flexibility for investors or owner‑users.
- Neighborhood Retail (NR) zoning allows for a broad range of commercial uses and limited residential use.
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
$77,099
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
6.17%
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%
$1,541,980
$1.5M
Cap Rate 7%
$1,101,414
$1.1M
Cap Rate 9%
$856,656
$856.7K
Market Conditions
NOI Build-Up for 5,711 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
$137.1K $24.00/SF
− Vacancy
−$13.7K −$2.40/SF
EGI
$123.4K $21.60/SF
− OpEx
−$46.3K −$8.10/SF
NOI
$77.1K $13.50/SF
Area
Montgomery County, MD
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,541,980
Cap Rate 7%
$1,101,414
Cap Rate 9%
$856,656
Alternative Uses
Best Use
Retail
$1.88M
$1.64M – $2.19M
NOI $131,254 @ 7.0% cap · market cap 10.50%
Second Best
Mixed Use
$1.10M
$963.7K – $1.28M
NOI $77,099 @ 7.0% cap · market cap 6.17%
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.34M
NOI $140,630 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,336
Businesses Nearby
Explore this area
Business Placement
Demographics for 20912, MD
25,463
Population
10,140
Households
2.5
Avg Household Size
38
Median Age
51%
College-Educated
86%
High-School Grad
2.7 sq mi
ZIP Area
9,431
Density / Sq Mi
$82,097
Median Household Income
$48,447
Median Earnings
$1,452
Median Rent
$671,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in Takoma Park's vibrant commercial district.
Where is this mixed-use property located?
The property is located at 7030 Carroll Ave Takoma Park, MD.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime location in the vibrant commercial district of Takoma Park, Maryland.; Delivered vacant, offering flexibility for investors or owner‑users.; Neighborhood Retail (NR) zoning allows for a broad range of commercial uses and limited residential use.
