Renovated Industrial Building For
For Sale
$7,275,000
7925-7929 Parston Drive, District Heights, MD 20747
26,439 SF industrial building with recent renovations and prime location.
Property Size26,439 SF
Lot Size1.01 Acres
Price / SF$275.16
Days on Market168
Property Features for 7925-7929 Parston Drive
General Information
Standard status
Active
Size
26,439 SF
Lot size
1.01 Acres
Property subtype
Industrial
Listing Agency:
NAI Michael
(301) 918-2908
Listed By:
Michael Isen
Source:
Naiglobal
Added: Mar 6
Changed: Jul 10
Last Checked: Aug 21 at 4:53AM
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.
The industrial building at 7925-7929 Parston Drive totals 26,439 square feet. The building has undergone numerous renovations and improvements, including a new roof, a new exterior staircase, new curb and gutter, six new loading doors, an updated loading platform for 53' tractor trailers, a resurfaced interior floor, and new HVAC for the existing office. The property is zoned I-E (Industrial Employment) and is fully sprinklered with a wet system. The building has 18' clear ceiling height and 6 new garage/loading doors. The property is fenced and secure with ample parking. It features 600 amps of 120/208v 3-phase power, with three meters. The building, situated on 1.01 acres, is configured as 95% warehouse and 5% office space. The building has the ability to be demised for multiple tenants. The property is conveniently located near major transportation routes, including the Capital Beltway (I-495), Pennsylvania Avenue (Route 4), and Suitland Parkway, providing immediate access to these routes. The location is suitable for serving Washington DC, Northern Virginia, and Maryland suburbs. Nearby amenities offer various services, including grocery shopping, restaurants, gas and convenience stations, and banks.
Key Highlights
- Recent renovations including new roof, loading docks, HVAC, and resurfaced floor.
- Excellent location with immediate access to I‑495/I‑95, Route 4, and Suitland Parkway.
- Six new loading doors** and updated loading platform suitable for 53' tractor trailers.
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
$509,071
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
7.00%
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%
$10,181,420
$10.2M
Cap Rate 7%
$7,272,443
$7.3M
Cap Rate 9%
$5,656,344
$5.7M
Market Conditions
NOI Build-Up for 26,439 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
$682.1K $25.80/SF
− Vacancy
−$83.2K −$3.15/SF
EGI
$598.9K $22.65/SF
− OpEx
−$89.8K −$3.40/SF
NOI
$509.1K $19.25/SF
Area
Prince George's County, MD
Vacancy
12.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
15.00%
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%
$10,181,420
Cap Rate 7%
$7,272,443
Cap Rate 9%
$5,656,344
Alternative Uses
Best Use
Warehouse
$7.27M
$6.36M – $8.48M
NOI $509,071 @ 7.0% cap · market cap 7.00%
Second Best
Industrial
$5.99M
$5.24M – $6.99M
NOI $419,235 @ 7.0% cap · market cap 5.76%
Theoretical Best
Specialty Retail
$8.53M
$7.46M – $9.95M
NOI $597,038 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20747, MD
40,696
Population
17,271
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
7.9 sq mi
ZIP Area
5,151
Density / Sq Mi
$72,931
Median Household Income
$48,311
Median Earnings
$1,635
Median Rent
$325,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 26,439 SF industrial building with recent renovations and prime location.
Where is this warehouse located?
The property is located at 7925-7929 Parston Drive District Heights, MD.
What is the asking price?
The asking price for this property is $7,275,000.
What are key features of this property?
This property features: Recent renovations including **new roof, loading docks, HVAC, and resurfaced floor.**; Excellent location with immediate access to I‑495/I‑95, Route 4, and Suitland Parkway.; Six new loading doors** and updated loading platform suitable for 53' tractor trailers.
