Fully Leased Storefront
For Sale
$1,750,000
https //evrealestate.com/en/properties/our-listings/Undisclosed-Address-District%20Heights-MD-20747-BrightMLS-MDPG2198748, District Heights, MD 20747
Retail asset with long-term tenants and a lease featuring 5% annual rent escalations.
Property Size3,710 SF
Price / SF$471.70
Days on Market131
Property Features for https //evrealestate.com/en/properties/our-listings/Undisclosed-Address-District%20Heights-MD-20747-BrightMLS-MDPG2198748
General Information
Standard status
Active
Size
3,710 SF
Total Parking Spaces
20
Zoning
CGO
Occupancy
100%
Financials
Asking Price
$1,750,000
Cap Rate
7.32%
Additional Details
Traffic Count
31,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$6,514
Building Details
Building Size
3,710 SF
Year Built
1958
Tenancy
Multi
Listing Agency:
Engel & Volkers Washington, DC
(415) 939-9924
Listed By:
Anita John · License #5018245
(415) 939-9924
Source:
Evrealestate
Added: Apr 17
Changed: Aug 25
Last Checked: Aug 25 at 7:16AM
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 Engel & Volkers Washington, DC
Investment Insights
Based on property information with market context.
7605-7609 Marlboro Pike is a 3,710-square-foot storefront retail property built in 1958. The asset is fully leased and 100% occupied by long-term tenants, including a nail salon suite with a recently renegotiated lease and 5% annual rent escalations.
The property is positioned along a high-visibility corridor reporting 31,000 VPD and is located within a Prince George's County revitalization zone. The asset offers in-place occupancy, a 7.32% Cap Rate, and a retail configuration with established tenancy. Tenant access should be coordinated in advance, and tenants should not be disturbed.
The property is positioned along a high-visibility corridor reporting 31,000 VPD and is located within a Prince George's County revitalization zone. The asset offers in-place occupancy, a 7.32% Cap Rate, and a retail configuration with established tenancy. Tenant access should be coordinated in advance, and tenants should not be disturbed.
Key Highlights
- 3,710 SF storefront retail property built in 1958
- 100% occupied by long‑term tenants
- Nail salon suite lease includes 5% annual rent escalations
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
$83,343
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
4.76%
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%
$1,666,860
$1.7M
Cap Rate 7%
$1,190,614
$1.2M
Cap Rate 9%
$926,033
$926.0K
Market Conditions
NOI Build-Up for 3,710 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
$126.0K $33.96/SF
− Vacancy
−$6.9K −$1.87/SF
EGI
$119.1K $32.09/SF
− OpEx
−$35.7K −$9.63/SF
NOI
$83.3K $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 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%
$1,666,860
Cap Rate 7%
$1,190,614
Cap Rate 9%
$926,033
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,343 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,778 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
31,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
310k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 32%
Groceries 23%
Apparel 20%
Shops & Services 19%
Target
Superstores
99,582 visits/mo
0.4 miles
Shoppers Food & Pharmacy
Groceries
51,700 visits/mo
0.4 miles
Burlington
Apparel
32,276 visits/mo
0.5 miles
Dollar Tree
Shops & Services
24,575 visits/mo
0.3 miles
Ross Dress for Less
Apparel
20,552 visits/mo
0.4 miles
Demographics for 20747, MD
40,696
Population
17,271
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
7.9 sq mi
ZIP Area
5,151
Density / Sq Mi
$72,931
Median Household Income
$48,311
Median Earnings
$1,635
Median Rent
$325,400
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?
Storefront property - Retail asset with long-term tenants and a lease featuring 5% annual rent escalations.
Where is this storefront property located?
The property is located at https //evrealestate.com/en/properties/our-listings/Undisclosed-Address-District%20Heights-MD-20747-BrightMLS-MDPG2198748 District Heights, MD.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 3,710 SF storefront retail property built in 1958; 100% occupied by long‑term tenants; Nail salon suite lease includes 5% annual rent escalations
