Vacant Single-Level Retail
For Sale
Contact for pricing
Pending
7703 Garrison Road, Hyattsville, MD 20784
RTO-H-E zoning supports food and beverage, medical office, daycare, and dispensary uses.
Property Size2,211 SF
Days on Market64
Property Features for 7703 Garrison Road
General Information
Standard status
Pending
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: Sep 24
Last Checked: Oct 5 at 6:54PM
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 / Yr
$49,669
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
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
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 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
—
—
no second resolved use
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
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Current Use
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
160k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 31%
Groceries 18%
Office Supplies 9%
Giant
Groceries
29,219 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
17,724 visits/mo
0.2 miles
Taco Bell
Dining
17,039 visits/mo
0.3 miles
Staples
Office Supplies
13,665 visits/mo
0.4 miles
Dunkin' Donuts
Dining
12,176 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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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
