Building Details

Year Renovated 2025

Listing Agency: NAI Michael Show Phone

Listed By: Michael Isen Show Phone

Source: Moodyscre

Added: Apr 28 Changed: Sep 7 Last Checked: Sep 13 at 11:15AM

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Investment Insights

Based on property information with market context.

Renovated warehouse totaling 26,439± SF with a 95% warehouse and 5% office split. The property has an 18' clear ceiling height and is fully sprinklered with a wet system. Recent improvements include a new roof (2025), resurfaced interior floor, updated loading platform for 53' tractor trailers, and new HVAC for the existing office, along with new curb and gutter and a new exterior staircase.

The building features six new garage/loading doors and is designed with the ability to demise for multiple tenants. It is fenced and secure with ample parking, and offers 600 amps of electrical service with 120/208V 3-phase power across three meters.

Zoned I-E (Industrial Employment), the property sits on 1.01 acres and provides immediate access to the Capital Beltway (I-495/I-95), Pennsylvania Avenue (Route 4), and Suitland Parkway, supporting service to Washington, DC and the surrounding Virginia and Maryland suburbs.

Key Highlights

• Renovated 26,439± SF warehouse (95% warehouse/5% office) on 1.01± acres
• 18' clear ceiling height and fully sprinklered wet system
• Past‑year upgrades include new roof (2025), resurfaced interior floor, and new HVAC for the office

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 (±1% cap)

NOI $509,071 @ 7.0% cap · market cap 7.00%

Second Best

Industrial

$5.99M

$5.24M – $6.99M (±1% cap)

NOI $419,235 @ 7.0% cap · market cap 5.76%

Theoretical Best

Specialty Retail

$8.53M

$7.46M – $9.95M (±1% cap)

NOI $597,038 @ 7.0% cap · market cap 8.21%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Skin Care Clinic Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18 ft

Clear height

Yes

Heavy power

Yes

Sprinkler system

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

666

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Warehouse - Renovated warehouse with 18' clear height, fully sprinklered wet system, and multiple loading access options.

Where is this warehouse located?

The property is located at 7927 Parston Dr Forestville, 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: Renovated 26,439± SF warehouse (95% warehouse/5% office) on 1.01± acres; 18' clear ceiling height and fully sprinklered wet system; Past‑year upgrades include new roof (2025), resurfaced interior floor, and new HVAC for the office