Auto Repair Property With
For Sale
$1,199,999
8501 ALLENTOWN ROAD, Fort Washington, MD 20744
Auto repair property with residence, perfect for small business.
Property Size2,248 SF
Price / SF$533.81
Days on Market196
Property Features for 8501 ALLENTOWN ROAD
General Information
Standard status
Active
Size
2,248 SF
Property subtype
MixedUse
Taxes and HOA fees
Annual Taxes
$6,294
Building Details
Building Size
2,248 SF
Year Built
1938
Listing Agency:
Keller Williams Realty/Lee Beaver & Assoc.
(703) 867-3350
Listed By:
Edward A. Martin · License #5427792
(703) 867-3350
Source:
Kerishull
Added: Feb 8
Changed: Aug 23
Last Checked: Aug 22 at 6:41AM
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 Keller Williams Realty/Lee Beaver & Assoc.
Investment Insights
Based on property information with market context.
This property in Fort Washington is suitable for an auto repair business and includes a residence. The business operates under non-conforming use, which conveys to a new owner. The house and garage share a tap for water and sewer. The electric service is combined, with separate meters for the house and garage. Multiple options exist for this flexible property. Potential uses include redevelopment, operating an auto repair business with a single tenant dwelling, or a live/work auto repair business. Please do not disturb the existing operating business.
Key Highlights
- Existing auto repair business with non‑conforming use (conveys to new owner)
- Live/work opportunity: residence on‑site
- Redevelopment potential
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
$50,500
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
4.21%
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%
$1,010,000
$1.0M
Cap Rate 7%
$721,429
$721.4K
Cap Rate 9%
$561,111
$561.1K
Market Conditions
NOI Build-Up for 2,248 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
$76.3K $33.96/SF
− Vacancy
−$4.2K −$1.87/SF
EGI
$72.1K $32.09/SF
− OpEx
−$21.6K −$9.63/SF
NOI
$50.5K $22.46/SF
Area
Prince George's County, MD
Vacancy
5.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,010,000
Cap Rate 7%
$721,429
Cap Rate 9%
$561,111
Alternative Uses
Best Use
Retail
$721.4K
$631.3K – $841.7K
NOI $50,500 @ 7.0% cap · market cap 4.21%
Second Best
Industrial
$509.2K
$445.6K – $594.1K
NOI $35,646 @ 7.0% cap · market cap 2.97%
Theoretical Best
Specialty Retail
$725.2K
$634.6K – $846.1K
NOI $50,764 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 20744, MD
52,747
Population
21,014
Households
2.5
Avg Household Size
44
Median Age
36%
College-Educated
90%
High-School Grad
26.1 sq mi
ZIP Area
2,021
Density / Sq Mi
$124,838
Median Household Income
$57,168
Median Earnings
$1,751
Median Rent
$418,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Antonio's Auto Services
- Arnez Garage — 8501 Allentown Rd, Fort Washington, MD 20744
- Remmuffler — 8004 Vernon Dr, Fort Washington, MD 20744
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair property with residence, perfect for small business.
Where is this auto shop located?
The property is located at 8501 ALLENTOWN ROAD Fort Washington, MD.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Existing auto repair business with non‑conforming use (conveys to new owner); Live/work opportunity: residence on‑site; Redevelopment potential
