Retail Condo with Salon
New
For Sale
Contact for pricing
7707 Barlowe Rd, Hyattsville, MD 20785
Second-generation space includes plumbing for five sinks and can accommodate retail, wellness, grooming, or food-service operations.
Property Size1,800 SF
Price / SF$277.78
Days on Market5
Property Features for 7707 Barlowe Rd
General Information
Standard status
Active
Size
1,800 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Listing Agency:
NAI Michael
(301) 526-2584
Listed By:
Terry Rogers · License #IB98358936
Source:
Moodyscre
Added: Aug 7
Changed: Aug 9
Last Checked: Aug 10 at 6:36AM
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 NAI Michael
Investment Insights
Based on property information with market context.
This 1,800 SF retail condominium has a second-generation interior and is currently configured for beauty salon use. Plumbing for 5 sinks is already in place, providing an established layout for salon operations and other service-oriented commercial applications.
The property information identifies potential applications including beauty or nail salon, medical and wellness, pet grooming, religious use, and carry-out or QSR operations. The space is adjacent to Victory House Senior Apartments and across from Palmer Park Community Center, placing it within an established local service environment.
The property information identifies potential applications including beauty or nail salon, medical and wellness, pet grooming, religious use, and carry-out or QSR operations. The space is adjacent to Victory House Senior Apartments and across from Palmer Park Community Center, placing it within an established local service environment.
Key Highlights
- 1,800 SF retail condominium
- Second‑generation build‑out currently configured as a beauty salon
- Plumbing for 5 sinks is in place
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
$40,436
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
8.09%
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%
$808,720
$808.7K
Cap Rate 7%
$577,657
$577.7K
Cap Rate 9%
$449,289
$449.3K
Market Conditions
NOI Build-Up for 1,800 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
$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 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%
$808,720
Cap Rate 7%
$577,657
Cap Rate 9%
$449,289
Alternative Uses
Best Use
Retail
$577.7K
$505.5K – $673.9K
NOI $40,436 @ 7.0% cap · market cap 8.09%
Second Best
Office B
$392.8K
$343.7K – $458.3K
NOI $27,498 @ 7.0% cap · market cap 5.50%
Theoretical Best
Specialty Retail
$580.7K
$508.1K – $677.5K
NOI $40,647 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
320
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Second-generation space includes plumbing for five sinks and can accommodate retail, wellness, grooming, or food-service operations.
Where is this retail space located?
The property is located at 7707 Barlowe Rd Hyattsville, 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 condominium; Second‑generation build‑out currently configured as a beauty salon; Plumbing for 5 sinks is in place
