Building Details

Building Size 1,800 SF

Listing Agency: Realty Transaction Services, LLC

Listed By: Terry Rogers · License #5330 Show Phone

Source: Naimichael

Added: Jul 25 Changed: Oct 27 Last Checked: Oct 28 at 6:45AM

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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 Realty Transaction Services, LLC

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This is an approximately 1,800± SF retail condo offered for sale, currently built out as a beauty salon. The space is a second-generation build-out with plumbing installed for five sinks, supporting the current salon configuration and similar service-focused uses.

The unit is positioned for easy walk-up customer access and is located adjacent to Victory House Senior Apartments and across from the Palmer Park Community Center. The property’s stated potential uses include beauty salon, nail salon, medical/wellness, pet grooming, religious, and carry-out/QSR-other, subject to applicable requirements.

Key Highlights

• 1,800 ± SF retail condo currently operating as a beauty salon
• Second‑generation build‑out with plumbing in place for 5 sinks
• Immediate walk‑up customer base

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,436

Cap Rate

8.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$808,720 $808.7K

Cap Rate 7%

$577,657 $577.7K

Cap Rate 9%

$449,289 $449.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$61.1K $33.96/SF

− Vacancy

−$3.4K −$1.87/SF

EGI

$57.8K $32.09/SF

− OpEx

−$17.3K −$9.63/SF

NOI

$40.4K $22.46/SF

Area

Prince George's County, MD

Vacancy

5.50%

Lease Rate

$33.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$808,720

Cap Rate 7%

$577,657

Cap Rate 9%

$449,289

Alternative Uses

Best Use

Retail

$577.7K

$505.5K – $673.9K (±1% cap)

NOI $40,436 @ 7.0% cap · market cap 8.09%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$580.7K

$508.1K – $677.5K (±1% cap)

NOI $40,647 @ 7.0% cap · market cap 8.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store HVAC Service Auto Parts Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

320

Businesses Nearby

24k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 82% Shops & Services 18%

Wendy's Dining

19,259 visits/mo 0.3 miles

Sunoco Shops & Services

4,363 visits/mo 0.4 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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Storefront property - Second-generation retail condo currently operating as a beauty salon with plumbing in place for five sinks.

Where is this storefront property located?

The property is located at 7701 Barlowe Road Unit 8 Landover, MD.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: 1,800 ± SF retail condo currently operating as a beauty salon; Second‑generation build‑out with plumbing in place for 5 sinks; Immediate walk‑up customer base