Four-Unit Office
For Sale
$850,000
7821 7825 7829 7833 BELLE POINT DRIVE, Greenbelt, MD 20770
Combined office suites offer a conference room, private offices, storage, kitchenette, and two restrooms.
Property Size4,294 SF
Price / SF$197.95
Days on Market336
Property Features for 7821 7825 7829 7833 BELLE POINT DRIVE
General Information
Standard status
Active
Size
4,294 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$3,152
Building Details
Building Size
4,294 SF
Year Built
2003
Year Renovated
2021
Listing Agency:
Fairfax Realty Premier
(240) 832-6702
Listed By:
William R Lawson · License #501887
(240) 832-6702
Source:
Kerishull
Added: Sep 16, 2025
Changed: Aug 16
Last Checked: Aug 16 at 3:22AM
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 Fairfax Realty Premier
Investment Insights
Based on property information with market context.
This office property brings together four units totaling 4,294 square feet at 7821, 7825, 7829, and 7833 Belle Point Drive. The interior configuration includes five private office rooms, a centrally positioned conference room, four storage areas, a kitchenette, one full bathroom with shower, and one half bathroom. The space was built out in 2021 for a cohesive office setting.
Several major components were replaced in 2021, including the windows, flooring, water heater, and four HVAC systems. The building was originally constructed in 2003, combining an established structure with updated interior improvements and building systems.
Several major components were replaced in 2021, including the windows, flooring, water heater, and four HVAC systems. The building was originally constructed in 2003, combining an established structure with updated interior improvements and building systems.
Key Highlights
- Four combined office units totaling 4,294 square feet
- Five private office rooms and a centrally located conference room
- Four large storage areas plus a kitchenette
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
$65,598
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
7.72%
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%
$1,311,960
$1.3M
Cap Rate 7%
$937,114
$937.1K
Cap Rate 9%
$728,867
$728.9K
Market Conditions
NOI Build-Up for 4,294 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
$105.6K $24.60/SF
− Vacancy
−$18.2K −$4.23/SF
EGI
$87.5K $20.37/SF
− OpEx
−$21.9K −$5.09/SF
NOI
$65.6K $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%
$1,311,960
Cap Rate 7%
$937,114
Cap Rate 9%
$728,867
Alternative Uses
Best Use
Office B
$937.1K
$820.0K – $1.09M
NOI $65,598 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $96,966 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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 - Combined office suites offer a conference room, private offices, storage, kitchenette, and two restrooms.
Where is this office units located?
The property is located at 7821 7825 7829 7833 BELLE POINT DRIVE Greenbelt, MD.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four combined office units totaling 4,294 square feet; Five private office rooms and a centrally located conference room; Four large storage areas plus a kitchenette
