Hyattsville Commercial Property for
For Sale
$1,700,000
7300 Martin Luther King Jr Hwy, Hyattsville, MD 20785
Commercial property available in Hyattsville, Maryland.
Property Size3,023 SF
Price / SF$562.36
Days on Market113
Property Features for 7300 Martin Luther King Jr Hwy
General Information
Standard status
Active
Size
3,023 SF
Total Parking Spaces
30
Zoning
RMF20
Taxes and HOA fees
Annual Taxes
$4,631
Amenities
On Street
Building Details
Building Size
3,023 SF
Year Built
1940
Listing Agency:
RE/MAX Allegiance
(703) 225-8292
Listed By:
Sebrin Adem · License #650770
(703) 225-8292
Source:
Evrealestate
Added: May 4
Changed: Aug 9
Last Checked: Aug 24 at 5:43AM
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
Investment Insights
Based on property information with market context.
Located in Greater Landover, the property is accessible from I-495 N/I-95 N via exit 17 to MD-202 N/Landover Rd, merging onto MD-704 S. The property has a size of 3023 square feet and is located at 7300 Martin Luther King Jr Hwy, Hyattsville, MD 20785.
Key Highlights
- Located in Prince Georges County.
- On‑street parking available.
- Built in 1940.
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
$68,264
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
4.02%
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%
$1,365,280
$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
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
$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 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%
$1,365,280
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 47%
Shops & Services 33%
Dining 18%
Apparel 1%
Shoppers Food & Pharmacy
Groceries
28,799 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,737 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
7,668 visits/mo
0.4 miles
Exxon
Shops & Services
5,865 visits/mo
0.3 miles
Sunoco
Shops & Services
4,363 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - Commercial property available in Hyattsville, Maryland.
Where is this gas station 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: Located in Prince Georges County.; On‑street parking available.; Built in 1940.
