Building Details

Year Renovated 2025

Listing Agency: NAI Michael Show Phone

Listed By: Michael Isen Show Phone

Source: Moodyscre

Added: Apr 28 Changed: Oct 26 Last Checked: Oct 28 at 8:45AM

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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

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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 / Yr

$509,071

Cap Rate

7.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$10,181,420 $10.2M

Cap Rate 7%

$7,272,443 $7.3M

Cap Rate 9%

$5,656,344 $5.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 26,439 SF

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 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. How Realmo checks its estimates

Property Analytics

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Open Analytics

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

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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