Four-Unit Storefront
New
For Sale
$1,400,000
9901 Rhode Island Avenue, College Park, MD 20740
Four leased units provide an established occupancy profile within a 3,990-square-foot retail property.
Property Size3,990 SF
Price / SF$350.88
Days on Market2
Property Features for 9901 Rhode Island Avenue
General Information
Standard status
Active
Size
3,990 SF
Zoning
CSC
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,934
Amenities
Electric
Yes
No
Public
15708
0.36
Estimated
Off Site
20
3990.00
21
Building Details
Building Size
3,990 SF
Year Built
1962
Tenancy
Multi
Listing Agency:
Grace Realty Company
(443) 998-9213
Listed By:
Dolores Chavez
Source:
Knot6
Added: Oct 30
Last Checked: Oct 30 at 3:20PM
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 Grace Realty Company
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Investment Insights
Based on property information with market context.
The 3,990-square-foot storefront property contains four leased units. The building dates to 1962 and is zoned CSC.
Located at 9901 Rhode Island Avenue in College Park, Maryland, the property is offered for sale.
Located at 9901 Rhode Island Avenue in College Park, Maryland, the property is offered for sale.
Key Highlights
- Four leased retail units
- 3,990‑square‑foot storefront property
- Built in 1962
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,634
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,792,680
$1.8M
Cap Rate 7%
$1,280,486
$1.3M
Cap Rate 9%
$995,933
$995.9K
Market Conditions
NOI Build-Up for 3,990 SF
Gross rent
$135.5K $33.96/SF
− Vacancy
−$7.5K −$1.87/SF
EGI
$128.0K $32.09/SF
− OpEx
−$38.4K −$9.63/SF
NOI
$89.6K $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 Rate 5%
$1,792,680
Cap Rate 7%
$1,280,486
Cap Rate 9%
$995,933
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,634 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.50M
NOI $90,101 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
The Home Depot
Home Improvements & Furnishings
42,490 visits/mo
0.5 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Four leased units provide an established occupancy profile within a 3,990-square-foot retail property.
Where is this storefront property located?
The property is located at 9901 Rhode Island 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: Four leased retail units; 3,990‑square‑foot storefront property; Built in 1962
