Mixed-Use Property with
For Sale
$1,400,000
9205 BALTIMORE AVENUE, College Park, MD 20740
Retail and residential spaces have separate private entrances, with a garage, carport, and driveway on site.
Property Size2,520 SF
Lot Size0.17 Acres
Price / SF$555.56
Days on Market8
Property Features for 9205 BALTIMORE AVENUE
General Information
Standard status
Active
Size
2,520 SF
Lot size
0.17 Acres
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$5,596
Amenities
Central Air
3
Vinyl
Composition
Driveway.
Building Details
Year Built
1965
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
(410) 977-9390
Listed By:
Gopal Hariani · License #635576
(410) 977-9390
Source:
Xome
Added: Aug 23
Changed: Aug 29
Last Checked: Aug 29 at 6:40PM
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 Berkshire Hathaway HomeServices PenFed Realty
Investment Insights
Based on property information with market context.
Built in 1965, this 2,520-square-foot mixed-use property combines a retail area with a rear studio apartment on a 0.17-acre lot. The two components have separate private entrances, providing physical separation between the commercial and residential spaces. The studio does not include a kitchen or kitchen appliances. Central air serves the property, and the exterior includes a driveway, private garage, and carport.
The retail space is currently used for computer repair services and is occupied under a month-to-month lease. Located at 9205 Baltimore Avenue in College Park, Maryland, the property provides an established commercial layout with an attached residential component and on-site parking improvements.
The retail space is currently used for computer repair services and is occupied under a month-to-month lease. Located at 9205 Baltimore Avenue in College Park, Maryland, the property provides an established commercial layout with an attached residential component and on-site parking improvements.
Key Highlights
- 2,520‑square‑foot mixed‑use property on a 0.17‑acre lot
- Retail area and rear studio apartment have separate private entrances
- Retail space currently used for computer repair services
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
$56,611
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
4.04%
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%
$1,132,220
$1.1M
Cap Rate 7%
$808,729
$808.7K
Cap Rate 9%
$629,011
$629.0K
Market Conditions
NOI Build-Up for 2,520 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
$85.6K $33.96/SF
− Vacancy
−$4.7K −$1.87/SF
EGI
$80.9K $32.09/SF
− OpEx
−$24.3K −$9.63/SF
NOI
$56.6K $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%
$1,132,220
Cap Rate 7%
$808,729
Cap Rate 9%
$629,011
Alternative Uses
Best Use
Retail
$808.7K
$707.6K – $943.5K
NOI $56,611 @ 7.0% cap · market cap 4.04%
Second Best
Mixed Use
$453.9K
$397.1K – $529.5K
NOI $31,771 @ 7.0% cap · market cap 2.27%
Theoretical Best
Specialty Retail
$812.9K
$711.3K – $948.4K
NOI $56,906 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
8,506 visits/mo
0.1 miles
Extra Space Storage
Shops & Services
1,458 visits/mo
0.4 miles
Demographics for 20740, MD
36,930
Population
13,079
Households
2.8
Avg Household Size
27
Median Age
49%
College-Educated
86%
High-School Grad
8.8 sq mi
ZIP Area
4,197
Density / Sq Mi
$81,359
Median Household Income
$29,270
Median Earnings
$1,788
Median Rent
$417,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and residential spaces have separate private entrances, with a garage, carport, and driveway on site.
Where is this mixed-use property located?
The property is located at 9205 BALTIMORE AVENUE College Park, MD.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 2,520‑square‑foot mixed‑use property on a 0.17‑acre lot; Retail area and rear studio apartment have separate private entrances; Retail space currently used for computer repair services
