Turnkey Retail Storefront
For Sale
$225,000
7759 Belle Point Drive Unit 3/3/77, Greenbelt, MD 20770
Two turnkey storefront units are each leased month-to-month and finished for immediate barber/beauty operations.
Property Size850 SF
Price / SF$264.71
Days on Market62
Property Features for 7759 Belle Point Drive Unit 3/3/77
General Information
Standard status
Active
Size
850 SF
Property subtype
Office
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,045
Amenities
Central Air
CO
No Parking.
Building Details
Year Built
1990
Listing Agency:
EXP Realty, LLC
(301) 281-6981
Listed By:
Jonathan Lahey · License #605276
(301) 281-6981
Source:
Xome
Added: Jun 23
Changed: Aug 23
Last Checked: Aug 22 at 8:02AM
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.
Two turnkey retail storefront units are available at 7759 Belle Point Dr Unit #3/3/77 and 7753 Belle Point Dr Unit #3/3/77, sold separately. Each space is professionally finished and described as move-in ready, with quality flooring, upgraded lighting, and strong supporting infrastructure, along with modern, flexible floorplans.
The property currently has an active month-to-month lease operating as a barber shop and beauty salon. Ample parking and public transit access are provided to support convenient customer and staff arrival.
The property currently has an active month-to-month lease operating as a barber shop and beauty salon. Ample parking and public transit access are provided to support convenient customer and staff arrival.
Key Highlights
- Two turnkey storefront commercial units at 7759 Belle Point Dr and 7753 Belle Point Dr, Unit #3/3/77, Greenbelt, MD 20770 (sold separately).
- Both units have active month‑to‑month leases operating as a barber shop and beauty salon.
- Professionally finished spaces for immediate operation, including quality flooring and upgraded lighting.
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
$19,095
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
8.49%
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%
$381,900
$381.9K
Cap Rate 7%
$272,786
$272.8K
Cap Rate 9%
$212,167
$212.2K
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
$28.9K $33.96/SF
− Vacancy
−$1.6K −$1.87/SF
EGI
$27.3K $32.09/SF
− OpEx
−$8.2K −$9.63/SF
NOI
$19.1K $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%
$381,900
Cap Rate 7%
$272,786
Cap Rate 9%
$212,167
Alternative Uses
Best Use
Retail
$272.8K
$238.7K – $318.3K
NOI $19,095 @ 7.0% cap · market cap 8.49%
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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,364
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 25%
Hotels & Casinos 14%
Royal Farms
Shops & Services
23,972 visits/mo
0.2 miles
TGI Fridays
Dining
9,590 visits/mo
0.3 miles
Hilton Garden Inn
Hotels & Casinos
2,364 visits/mo
0.4 miles
Residence Inn Greenbelt
Hotels & Casinos
1,773 visits/mo
0.5 miles
WoodSpring Suites Washington DC Northeast Greenbelt
Hotels & Casinos
1,241 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two turnkey storefront units are each leased month-to-month and finished for immediate barber/beauty operations.
Where is this storefront property located?
The property is located at 7759 Belle Point Drive Unit 3/3/77 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: Two turnkey storefront commercial units at 7759 Belle Point Dr and 7753 Belle Point Dr, Unit #3/3/77, Greenbelt, MD 20770 (sold separately).; Both units have active month‑to‑month leases operating as a barber shop and beauty salon.; Professionally finished spaces for immediate operation, including quality flooring and upgraded lighting.
