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    The Largest CRE Database in the US with Over 1 Million Listings

    5627 Allentown Rd, Unit 107 Suitland, MD 20746

    Sponsored
    For Sale
    Under Contract
    $190,000

    Commercial Sale - SUITLAND, MD

    Type:Office
    Days on Market:
    3
    Last Refresh:
    Feb 2 at 5:06 pm

    Property Features for 5627 Allentown Rd

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active Under Contract
    Parking
    20
    Parking features
    Parking Lot

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Number of units
    1
    Building materials
    Brick, Block

    We can help!

    Listing Contact
    Courtney D. Phipps

    Hooper & Associates (301) 870-5841

    Listing agent Courtney D. Phipps (301) 861-9431 License #670476

    Listing date Jan 31, 2026

    MLS# MDPG2180726

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Office Condo For Sale

    This commercial office condominium offers approximately 1,466 square feet of space. The layout includes a reception area, five private offices (one large enough to serve as a bullpen or conference room), a kitchenette, and a bathroom. The property is located in Camp Springs, Maryland, approximately two miles from I-495 and less than one mile from Andrews Air Force Base. This property presents an opportunity for either investment or owner-occupancy. The current tenant has occupied the space for four years and is willing to sign a new lease. The tenant is currently paying $2,254 per month plus utilities, which include electricity, wifi, and an alarm system. The landlord/owner is responsible for the condominium fee of $200 per month and property taxes. The condominium fee covers the water bill, trash removal, lawn maintenance, snow removal, and all exterior maintenance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TERRI LORETTA-BERNICE TURNER Physician Diamond Construction, Inc. Construction Company Ymwe Inc Social Service Agency Airworks LLC Corporate Office Central, Arts & Community ... Charitable Organization

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Suitland
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.89741
    Latitude
    38.81076

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    FAQs

    What type of property is this?
    Office space - Commercial office condominium near Andrews Air Force Base. Investment opportunity.
    Where is this office space located?
    The property is located at 5627 Allentown Rd, Unit 107 Suitland, MD.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: - Excellent Location: Less than 1 mile from Andrews Air Force Base and 2 miles from I-495.; - Income-Generating Opportunity: Existing tenant willing to sign a new lease, currently paying $2,254/month + utilities.; - Versatile Space: 1,466 sq ft with reception area, **5 private offices** (one large), kitchenette, and bathroom.
    (301) 861-9431
    Request Owner's contact information
    5627 Allentown Rd, Unit 107 Suitland, MD 20746
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    Suitland, MD 20746
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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
    5627 Allentown Rd, Unit 107 Suitland, MD 20746
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    We can help!
    Listing Contact
    Courtney D. Phipps
    Real Estate License ID: 670476
    (301) 861-9431
    Learn more
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