Vacant Single-Level Retail
For Sale
Contact for pricing
7703 Garrison Road, Hyattsville, MD 20784
RTO-H-E zoning supports food and beverage, medical office, daycare, and dispensary uses.
Property Size2,211 SF
Price / SF$312.08
Days on Market8
Property Features for 7703 Garrison Road
General Information
Standard status
Active
Size
2,211 SF
Total Parking Spaces
23
Property subtype
Retail
Zoning
RTO-H-E
Building Details
Year Built
1968
Stories
1
Tenancy
Single
Listing Agency:
Feldman Ruel
Listed By:
Hannah McCann · License #MD 5005944
Source:
Crexi
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 4:19AM
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.
This 2,211-square-foot, single-level retail property was built in 1968 and is available vacant for an owner-user or tenant. The site includes 23 on-site parking spaces and sits at the signalized intersection of Garrison Road and Annapolis Road, also designated Maryland Route 450.
The property is approximately one-quarter mile from the future Annapolis Road–Glenridge Purple Line station, scheduled to open in late 2027, and one-half mile from the New Carrollton station. Those transit connections include the future Purple Line along with WMATA Metrorail Orange Line, MARC Train, and Amtrak service.
RTO-H-E zoning supports food and beverage, medical office, daycare, and dispensary uses. The designation also permits future redevelopment up to 3.0 FAR, 175 dwelling units per acre, and 182 feet in height.
The property is approximately one-quarter mile from the future Annapolis Road–Glenridge Purple Line station, scheduled to open in late 2027, and one-half mile from the New Carrollton station. Those transit connections include the future Purple Line along with WMATA Metrorail Orange Line, MARC Train, and Amtrak service.
RTO-H-E zoning supports food and beverage, medical office, daycare, and dispensary uses. The designation also permits future redevelopment up to 3.0 FAR, 175 dwelling units per acre, and 182 feet in height.
Key Highlights
- 2,211‑square‑foot single‑level retail property built in 1968
- Delivered vacant with 23 on‑site parking spaces
- Signalized intersection of Garrison Road and Annapolis Road, Maryland Route 450
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
$49,669
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
7.20%
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%
$993,380
$993.4K
Cap Rate 7%
$709,557
$709.6K
Cap Rate 9%
$551,878
$551.9K
Market Conditions
NOI Build-Up for 2,211 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
$75.1K $33.96/SF
− Vacancy
−$4.1K −$1.87/SF
EGI
$71.0K $32.09/SF
− OpEx
−$21.3K −$9.63/SF
NOI
$49.7K $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 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%
$993,380
Cap Rate 7%
$709,557
Cap Rate 9%
$551,878
Alternative Uses
Best Use
Retail
$709.6K
$620.9K – $827.8K
NOI $49,669 @ 7.0% cap · market cap 7.20%
Second Best
Office B
$482.5K
$422.2K – $563.0K
NOI $33,777 @ 7.0% cap · market cap 4.90%
Theoretical Best
Specialty Retail
$713.3K
$624.1K – $832.1K
NOI $49,928 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20784, MD
32,567
Population
10,773
Households
3
Avg Household Size
34
Median Age
23%
College-Educated
79%
High-School Grad
4.1 sq mi
ZIP Area
7,943
Density / Sq Mi
$84,599
Median Household Income
$42,434
Median Earnings
$1,769
Median Rent
$356,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Framing & Flowers — 7961 Annapolis Rd, Lanham, MD 20706
Frequently Asked Questions
What type of property is this?
Storefront property - RTO-H-E zoning supports food and beverage, medical office, daycare, and dispensary uses.
Where is this storefront property located?
The property is located at 7703 Garrison Road Hyattsville, MD.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 2,211‑square‑foot single‑level retail property built in 1968; Delivered vacant with 23 on‑site parking spaces; Signalized intersection of Garrison Road and Annapolis Road, Maryland Route 450
