Finished Office
For Sale
$225,000
7753 BELLE POINT DRIVE, Greenbelt, MD 20770
Office space with central air, updated lighting, and an active month-to-month lease.
Property Size850 SF
Price / SF$264.71
Days on Market52
Property Features for 7753 BELLE POINT DRIVE
General Information
Standard status
Active
Size
850 SF
Property subtype
Office
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,045
Amenities
Central Air
3
No Parking.
Building Details
Year Built
1990
Listing Agency:
EXP Realty, LLC
(301) 281-6981
Listed By:
Jonathan Lahey · License #SP98369515
(301) 281-6981
Source:
Xome
Added: Jun 27
Changed: Aug 16
Last Checked: Aug 16 at 4:49AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 850 SF office unit at 7753 Belle Point Drive in Greenbelt, Maryland, was built in 1990 and includes central air. The interior has finished flooring and upgraded lighting, with a layout currently supporting barber shop and beauty salon operations. An active month-to-month lease is in place.
The property is positioned in a commercial corridor with public transit access. The space is being offered separately from another commercial unit at 7759 Belle Point Drive, allowing each unit to be considered independently. Its existing improvements and current occupancy provide a defined starting point for continued salon use or other office-oriented operations supported by the existing layout.
The property is positioned in a commercial corridor with public transit access. The space is being offered separately from another commercial unit at 7759 Belle Point Drive, allowing each unit to be considered independently. Its existing improvements and current occupancy provide a defined starting point for continued salon use or other office-oriented operations supported by the existing layout.
Key Highlights
- 850 SF office unit at 7753 Belle Point Drive
- Active month‑to‑month lease currently operating as a barber shop and beauty salon
- Central air conditioning
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
$12,985
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
5.77%
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%
$259,700
$259.7K
Cap Rate 7%
$185,500
$185.5K
Cap Rate 9%
$144,278
$144.3K
Market Conditions
NOI Build-Up for 850 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
$20.9K $24.60/SF
− Vacancy
−$3.6K −$4.23/SF
EGI
$17.3K $20.37/SF
− OpEx
−$4.3K −$5.09/SF
NOI
$13.0K $15.28/SF
Area
Prince George's County, MD
Vacancy
17.20%
Lease Rate
$24.60 /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%
$259,700
Cap Rate 7%
$185,500
Cap Rate 9%
$144,278
Alternative Uses
Best Use
Office B
$185.5K
$162.3K – $216.4K
NOI $12,985 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$274.2K
$239.9K – $319.9K
NOI $19,194 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
Explore this area
Business Placement
Demographics for 20770, MD
28,612
Population
12,736
Households
2.2
Avg Household Size
35
Median Age
43%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
3,919
Density / Sq Mi
$84,125
Median Household Income
$48,773
Median Earnings
$1,823
Median Rent
$249,400
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?
Office units - Office space with central air, updated lighting, and an active month-to-month lease.
Where is this office units located?
The property is located at 7753 BELLE POINT DRIVE Greenbelt, MD.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 850 SF office unit at 7753 Belle Point Drive; Active month‑to‑month lease currently operating as a barber shop and beauty salon; Central air conditioning
