Second-Generation Restaurant with
For Sale
Contact for pricing
9913 RHODE ISLAND AVENUE #9919, College Park, MD 20740
Former church converted to a second-generation restaurant space with existing hood and available for lease.
Property Size2,000 SF
Price / SF$1.45
Days on Market97
Property Features for 9913 RHODE ISLAND AVENUE #9919
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Additional Details
Commercial Hood
Yes
Building Details
Year Built
1961
Listing Agency:
Capital Retail Group, LLC
(202) 319-2884
Listed By:
Robert E Tack · License #612833
(202) 370-1350
Source:
Cummingsrealtors
Added: Jul 14
Changed: Oct 16
Last Checked: Oct 16 at 8:57AM
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 Capital Retail Group, LLC
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Investment Insights
Based on property information with market context.
Former church space offered for lease, currently set up as a second-generation restaurant with a hood in place. Lease terms include base rent of $2,500 plus $400 per month for common area maintenance (CAM), with utilities in addition. A 10,000? (correction: $8,000) security deposit is required, and credit check approval is part of the application process.
The space is on heavily trafficked Rhode Island Avenue and is positioned near the University of Maryland, College Park.
The space is on heavily trafficked Rhode Island Avenue and is positioned near the University of Maryland, College Park.
Key Highlights
- Former church space converted to a second‑generation restaurant for lease
- Existing restaurant hood in place
- Base rent $2,500 plus $400 CAM and utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,163
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,260
$903.3K
Cap Rate 7%
$645,186
$645.2K
Cap Rate 9%
$501,811
$501.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$67.9K $33.96/SF
− Vacancy
−$7.7K −$3.85/SF
EGI
$60.2K $30.11/SF
− OpEx
−$15.1K −$7.53/SF
NOI
$45.2K $22.58/SF
Area
Prince George's County, MD
Vacancy
11.34%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,260
Cap Rate 7%
$645,186
Cap Rate 9%
$501,811
Alternative Uses
Best Use
Specialty Retail
$645.2K
$564.5K – $752.7K
NOI $45,163 @ 7.0% cap · market cap 1,557.34%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Commercial hood
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former church converted to a second-generation restaurant space with existing hood and available for lease.
Where is this conventional restaurant located?
The property is located at 9913 RHODE ISLAND AVENUE #9919 College Park, MD.
What are key features of this property?
This property features: Former church space converted to a second‑generation restaurant for lease; Existing restaurant hood in place; Base rent $2,500 plus $400 CAM and utilities
