Customizable Commercial Space for
7300 Martin Luther King Jr Hwy, Hyattsville, MD 20785
For Sale
$1,700,000
Versatile space suitable for warehouse, restaurant, retail, or office.
Property Size3,023 SF
Price / SF$562.36
Days on Market286
Property Features for 7300 Martin Luther King Jr Hwy
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
RE/MAX Allegiance
Listed By:
Sebrin Adem · License #0225209963
(703) 225-8292
Source:
Riverfoxrealty
Added: Jan 26
Changed: Oct 26
Last Checked: Oct 6 at 12:01AM
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 RE/MAX Allegiance
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Investment Insights
Based on property information with market context.
This customizable commercial space is available for lease under a Triple Net (NNN) Lease agreement. The property is suitable for various business types, including a warehouse, restaurant, retail shop, or office. The tenant is responsible for all expenses, allowing for complete customization and control of the environment. The space can be designed and built out based on specific niche and operational needs. There is ample parking available for both employees and customers. Note that tire and mechanic shops are not permitted. The location is suitable for growing a business presence.
Key Highlights
- Customizable space suitable for retail, warehouse, restaurant, or office use.
- NNN lease provides tenant control over expenses and customization.
- Ample parking available for customers and employees.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,264
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,280
$1.4M
Cap Rate 7%
$975,200
$975.2K
Cap Rate 9%
$758,489
$758.5K
Market Conditions
NOI Build-Up for 3,023 SF
Gross rent
$102.7K $33.96/SF
− Vacancy
−$11.6K −$3.85/SF
EGI
$91.0K $30.11/SF
− OpEx
−$22.8K −$7.53/SF
NOI
$68.3K $22.58/SF
Area
Prince George's County, MD
Vacancy
11.34%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,280
Cap Rate 7%
$975,200
Cap Rate 9%
$758,489
Alternative Uses
Best Use
Specialty Retail
$975.2K
$853.3K – $1.14M
NOI $68,264 @ 7.0% cap · market cap 4.02%
Second Best
Retail
$970.1K
$848.9K – $1.13M
NOI $67,910 @ 7.0% cap · market cap 3.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 20785, MD
41,636
Population
16,202
Households
2.6
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
10.1 sq mi
ZIP Area
4,122
Density / Sq Mi
$83,690
Median Household Income
$45,595
Median Earnings
$1,764
Median Rent
$346,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Prince George's County, MD
Properties on Market for Retail space in Prince George's County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Versatile space suitable for warehouse, restaurant, retail, or office.
Where is this retail space located?
The property is located at 7300 Martin Luther King Jr Hwy Hyattsville, MD.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Customizable space suitable for retail, warehouse, restaurant, or office use.; NNN lease provides tenant control over expenses and customization.; Ample parking available for customers and employees.
