Two-Story Industrial Condo with Auto
10851 Lanham Severn Road Glenn Dale, MD 20769
10851 Lanham Severn Road, Glenn Dale, MD, 20769
Contact for pricing
For Sale
Contact for pricing
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 Market24
Property Features for 10851 Lanham Severn Road
General Information
- Standard status
- Active
- Size
- 7,544 SF
- Property subtype
- Industrial
Listing agency
Douglas Commercial
(301) 655-8253
Listed by
Scott Douglas · License #MD 580592
Source
Crexi
Added: Jun 29 Updated: Jul 21 at 3:17PM Checked: Jul 21 at 3:17PM
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
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.6k | $25.80 |
| − Vacancy | −$23.7k | −$3.15 |
| EGI | $170.9k | $22.65 |
| − OpEx | −$51.3k | −$6.80 |
| NOI | $119.6k | $15.86 |
7,544 SF · lease $25.80/SF/yr · vacancy 12.20% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Glendale Plaza
Business Management Consultant
Timmy Ajulo Fashions
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- 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
- Morsal Towing LLC — 9924 E Franklin Ave, Glenn Dale, MD 20769
FAQs
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
