Four-Unit Office
For Sale
$750,000
7821 7821 7825 7829 7833 Belle Point Dr, Greenbelt, MD 20770
Combined office suites offer a conference room, private offices, storage, kitchenette, and two restrooms.
Property Size4,294 SF
Price / SF$174.66
Days on Market53
Property Features for 7821 7821 7825 7829 7833 Belle Point Dr
General Information
Standard status
Active
Size
4,294 SF
Building Details
Year Built
2003
Year Renovated
2021
Listing Agency:
Fairfax Realty Premier
Listed By:
William R Lawson · License #501887
(240) 832-6702
Source:
Gklegacygroup
Added: Aug 15
Changed: Oct 3
Last Checked: Oct 4 at 11:57AM
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 / Yr
$65,598
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
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
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 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 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $96,966 @ 7.0% cap · market cap 12.93%
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
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
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Market
Vacancy Rate% for Office in South region
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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 7821 7825 7829 7833 Belle Point Dr Greenbelt, MD.
What is the asking price?
The asking price for this property is $750,000.
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
