Property profile

3171 Queens Chapel Rd Mount Rainier, MD 20712

FOR LEASE
Strip malls
Property ID
US40-1074770
31,206 SF 1.3 ac lot Built 1948
Entity Owned 26-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity presents 1,100 square feet of vacant space within a larger 31,206 square foot multi-tenant commercial building situated on a 1.33-acre lot at 3171-3191 Queens Chapel Rd in Prince George's County. The building, constructed in 1948, is classified as Class B and zoned MXT, offering significant potential for a variety of retail uses. The available space is part of a bustling shopping center, enjoying high visibility and foot traffic due to its proximity to established businesses. While previously used as a dry cleaner, the space boasts impressive 18-foot ceilings and presents a blank canvas for adaptive reuse. The property's location ensures convenient access for customers and employees alike. This is an ideal opportunity for entrepreneurs seeking a well-located retail space with significant upside potential. While some renovation and plumbing work may be required, the substantial square footage and prime location make this a highly attractive investment. The property's size and zoning provide flexibility for a range of retail concepts. Don't miss this chance to establish your business in a thriving commercial area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1948
Construction BRICK
Total area 31,206 SF
Lot 1.3 ac (56,628 SF)
Zoning code LTOE
APN 17-1971928
UPID US40-1074770

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Cosmetic Store

Location

3171 Queens Chapel Rd Mount Rainier, MD 20712
Mount Rainier metro Census 804802 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.27M

Owner & transaction history

since 1999
1 recorded transaction
1999
Price N/A

Zoning & alternative use

LTOE · Mount Rainier, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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