Mixed-Use Retail
For Sale
$1,400,000
9213 Baltimore Ave, College Park, MD 20740
Retail space and a rear studio apartment have separate private entrances.
Property Size2,016 SF
Lot Size0.18 Acres
Price / SF$694.44
Days on Market48
Property Features for 9213 Baltimore Ave
General Information
Standard status
Active
Size
2,016 SF
Lot size
0.18 Acres
Property Condition
Severity
Repairs Needed
Evidence
good condition
Units
Unit Mix
1 x studio
Multifamily Units
1
Building Details
Year Built
1944
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
Gopal Hariani · License #635576
(410) 977-9390
Source:
Coalitionpg
Added: Aug 28
Changed: Oct 8
Last Checked: Oct 5 at 11:32PM
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.
This mixed-use property at 9213 Baltimore Avenue in College Park combines a retail storefront with a studio apartment positioned at the rear. The two components have separate private entrances, creating distinct access for the commercial and residential portions. The retail space is identified as a Tobacco/Vape store, while the apartment provides additional on-site residential space. The building was constructed in 1944 and contains 2,016 square feet on a 0.18-acre lot.
Site features include a driveway and carport for parking access. The property is situated in a business district and has no association fee. The retail space may remain leased or be delivered vacant, providing flexibility for the next owner’s operating plans.
Site features include a driveway and carport for parking access. The property is situated in a business district and has no association fee. The retail space may remain leased or be delivered vacant, providing flexibility for the next owner’s operating plans.
Key Highlights
- 2,016‑square‑foot mixed‑use property on a 0.18‑acre lot
- Retail storefront plus a studio apartment at the rear
- Separate private entrances for the retail and residential areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,289
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,780
$905.8K
Cap Rate 7%
$646,986
$647.0K
Cap Rate 9%
$503,211
$503.2K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$68.5K $33.96/SF
− Vacancy
−$3.8K −$1.87/SF
EGI
$64.7K $32.09/SF
− OpEx
−$19.4K −$9.63/SF
NOI
$45.3K $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 Rate 5%
$905,780
Cap Rate 7%
$646,986
Cap Rate 9%
$503,211
Alternative Uses
Best Use
Retail
$647.0K
$566.1K – $754.8K
NOI $45,289 @ 7.0% cap · market cap 3.23%
Second Best
Mixed Use
$363.1K
$317.7K – $423.6K
NOI $25,417 @ 7.0% cap · market cap 1.82%
Theoretical Best
Specialty Retail
$650.4K
$569.1K – $758.8K
NOI $45,525 @ 7.0% cap · market cap 3.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail space and a rear studio apartment have separate private entrances.
Where is this mixed-use property located?
The property is located at 9213 Baltimore Ave 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: 2,016‑square‑foot mixed‑use property on a 0.18‑acre lot; Retail storefront plus a studio apartment at the rear; Separate private entrances for the retail and residential areas
