Two-Story Industrial Condo with Auto
For Sale
Contact for pricing
10851 Lanham Severn Road, Glenn Dale, MD 20769
Former auto repair shop on the first floor with a second-floor office space occupied by a tenant.
Property Size7,544 SF
Price / SF$172.32
Days on Market70
Property Features for 10851 Lanham Severn Road
General Information
Standard status
Active
Size
7,544 SF
Property subtype
Industrial
Zoning
CM
Building Details
Stories
2
Tenancy
Single
Listing Agency:
Douglas Commercial
Listed By:
Scott Douglas · License #MD 580592
(301) 655-8253
Source:
Crexi
Added: Jun 29
Changed: Aug 23
Last Checked: Sep 3 at 3:29AM
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 Douglas Commercial
Investment Insights
Based on property information with market context.
This two-story industrial condo unit is offered for sale. The first floor previously served as an auto repair shop, and the second floor is configured as office space with a tenant in place.
The property is located at 10851 Lanham Severn Road in Glendale, Maryland, on a busy intersection, supporting convenient daily access for both employees and customers.
The building’s income-producing setup includes the occupied second-floor office while retaining the history of automotive use on the first floor, making it a practical option for buyers seeking a multi-level industrial condo configuration.
The property is located at 10851 Lanham Severn Road in Glendale, Maryland, on a busy intersection, supporting convenient daily access for both employees and customers.
The building’s income-producing setup includes the occupied second-floor office while retaining the history of automotive use on the first floor, making it a practical option for buyers seeking a multi-level industrial condo configuration.
Key Highlights
- Two‑story industrial condo unit with a former auto repair shop on the first floor
- Second‑floor office space is occupied by a tenant
- Automotive repair business space on a busy intersection of Lanham Severn Road
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
$119,623
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
9.20%
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%
$2,392,460
$2.4M
Cap Rate 7%
$1,708,900
$1.7M
Cap Rate 9%
$1,329,144
$1.3M
Market Conditions
NOI Build-Up for 7,544 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
$194.6K $25.80/SF
− Vacancy
−$23.7K −$3.15/SF
EGI
$170.9K $22.65/SF
− OpEx
−$51.3K −$6.80/SF
NOI
$119.6K $15.86/SF
Area
Prince George's County, MD
Vacancy
12.20%
Lease Rate
$25.80 /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%
$2,392,460
Cap Rate 7%
$1,708,900
Cap Rate 9%
$1,329,144
Alternative Uses
Best Use
Retail
$2.42M
$2.12M – $2.82M
NOI $169,472 @ 7.0% cap · market cap 13.04%
Second Best
Industrial
$1.71M
$1.50M – $1.99M
NOI $119,623 @ 7.0% cap · market cap 9.20%
Theoretical Best
Specialty Retail
$2.43M
$2.13M – $2.84M
NOI $170,356 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20769, MD
7,009
Population
2,398
Households
2.9
Avg Household Size
43
Median Age
53%
College-Educated
92%
High-School Grad
6.5 sq mi
ZIP Area
1,078
Density / Sq Mi
$170,117
Median Household Income
$75,552
Median Earnings
$2,788
Median Rent
$571,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Morsal Towing LLC — 9924 E Franklin Ave, Glenn Dale, MD 20769
- Joe's Mobile Auto Repair — 9900 Harbor Ave, Glenn Dale, MD 20769
- JQ & A auto repair llc — 10214 Lanham Severn Rd, Lanham, MD 20706
- Tong's Auto Care — 10627 Duvall St, Glenn Dale, MD 20769
- Bevard & Son Auto Repair — 10619 Duvall St, Glenn Dale, MD 20769
Frequently Asked Questions
What type of property is this?
Auto shop - Former auto repair shop on the first floor with a second-floor office space occupied by a tenant.
Where is this auto shop located?
The property is located at 10851 Lanham Severn Road Glenn Dale, MD.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two‑story industrial condo unit with a former auto repair shop on the first floor; Second‑floor office space is occupied by a tenant; Automotive repair business space on a busy intersection of Lanham Severn Road
