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    7511 Greenbelt Rd Greenbelt, MD 20770
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    Property profile & analytics

    7511 Greenbelt Rd, Greenbelt, MD 20770

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    • Turn key restaurants
    • 7,768 SF
    • 1.37 lot acres
    For Sale
    $2,745,000
    View Listing →
    Retail Space on Greenbelt Road For Sale
    $2,745,000
    7,734 SF

    Retail Space on Greenbelt Road

    7,734 SF retail space for sale or lease.

    7511 Greenbelt Rd, Greenbelt, MD 20770
    View Listing
    Property ID
    US40-0350526
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 7511 Greenbelt Rd

    Year built
    1981
    Construction
    BRICK
    Lot size
    1.37 lot acres
    Zone code
    CGO
    Property type
    Turn key restaurants
    APN
    21-2324473
    APU
    212324473

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 28, 2000 $2,297,628 Cnl Fundinbg 2000-a LP Cnl American Properties Fund Grant Deed · related —
    Dec 31, 1997 $2,208,059 Cnl American Properties Fnd Isui Chevys INC Grant Deed —
    Dec 31, 1997 $2,208,060 Cnl American Properties Fund I Chevys INC Grant Deed · related —
    Jul 24, 1997 — Chevy's INC — Deed Of Trust · related $2M · Ny Branch

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,305,000
      Market price range: $778k - $3.83M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greenbelt
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8789
    Latitude
    38.9937
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $68,861
    $2,088,700
    $1,746,500
    $3,835,200
    -
    $2,088,700
    $1,746,500
    $3,835,200

    Comparable in this City

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      4,993 SF

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      $12,710,000
      55,593 SF

      7400 Greenway Ctr Dr

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      7400 Greenway Ctr Dr, Greenbelt, MD 20770-3503
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    • Value Estimation
      $4,810,000
      9,969 SF

      6460 Capitol Dr

      RESTAURANT
      6460 Capitol Dr, Greenbelt, MD 20770-3223
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    • Value Estimation
      $3,540,000
      4,819 SF

      6040 Greenbelt Rd

      RESTAURANT
      6040 Greenbelt Rd, Greenbelt, MD 20770-1019
      View Details
    • Value Estimation
      $2,770,000
      2,713 SF

      6200 Greenbelt Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      6200 Greenbelt Rd, Greenbelt, MD 20770-1091
      View Details
    • Value Estimation
      $3,400,000
      3,330 SF

      6100 Greenbelt Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      6100 Greenbelt Rd, Greenbelt, MD 20770-4063
      View Details

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      Essential services retail strip center in Greenbelt, Maryland for sale.
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      Retail Space on Greenbelt Road

      7,734 SF retail space for sale or lease.
      7511 Greenbelt Rd, Greenbelt, MD 20770
      View Details
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      0.07 Acres

      Greenbelt Medical Office Suite for Lease

      Prime Medical Office Space - Ready to Occupy
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    • $360,000

      Greenbelt Office Space For Sale

      Office space available for purchase in Greenbelt, Maryland.
      7121-7125 Belle Point Dr, Greenbelt, MD 20770
      View Details
    • Contact for pricing
      13,764 SF

      HUBZone Office Building with Signage

      Secured office environment with small suites, available signage, and abundant free surface parking for growing teams.
      9111 Edmonston Rd, Greenbelt, MD 20770
      View Details

    Similar Nearby for Lease

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      1,710 SF

      Regional Center Retail Space Available

      Retail space for lease in a regional shopping center.
      7515 Greenbelt Rd, Greenbelt, MD 20770
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      Retail Space in Beltway Plaza

      Retail spaces available within Greenbelt's thriving Beltway Plaza Mall.
      6000 Greenbelt Rd, Greenbelt, MD 20770
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    • Contact for pricing

      Regional Center in Greenbelt, MD

      200,000 SF regional center with multiple access points.
      7589 Greenbelt Rd, Greenbelt, MD 20770
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    • Contact for pricing

      Retail Pad Site with Excellent Visibility

      Stand-alone retail space on a 1.3-acre site with strong visibility from Greenbelt Road.
      7511 Greenbelt Rd, Greenbelt, MD 20770
      View Details

    Property Visit Statistics

    • Visits by month
      34.3k
    • Visitors by month
      23.6k
    • Avg Time on site
      12 min
    View Listing
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    Greenbelt, MD 20770
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    7511 Greenbelt Rd, Greenbelt, MD, 20770
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