Residential Home
For Sale
$480,000
1111 KINGS HEATHER Drive, Bowie, MD 20721
Residential, BOWIE, MD
Property Size2,176 SF
Lot Size0.05 Acres
Price / SF$220.59
Days on Market53
Property Features for 1111 KINGS HEATHER Drive
General Information
Property type
Land
Property subtype
Other
Rooms
Dining Room, Basement, Family Room
Parking
4
Parking features
Driveway, Garage - Attached
Interior features
Bathroom - Soaking Tub, Bathroom - Walk-In Shower, Carpet, Dining Area, Family Room Off Kitchen, Kitchen - Island, Pantry, Primary Bath(s)
Appliances
Disposal, Dryer, Freezer, Refrigerator, Stainless Steel Appliances, Stove, Washer
Subdivision
KETTERING
Elementary school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Middle school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
High school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
2,176 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6685
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1991
Floors in Building
3
Building materials
Frame
Architectural style
Other
Listing Agency:
Keller Williams Preferred Properties · Keller Williams Realty
(240) 737-5000
Listed By:
Amanda M Watson · License #5019800
(301) 523-3981
Added: Jun 30
Changed: Aug 21
Last Checked: Aug 21 at 4:06PM
MLS# MDPG2209270
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.
Investment Insights
Based on property information with market context.
Residential home lot with an attached single-family house built in 1991. The home includes four bedrooms and two and a half baths, with a main level that features a bright living area, formal dining space, and a kitchen with ample cabinetry and room for casual dining. A family room supports everyday living and entertaining, while the upper level offers a generous primary suite with a private bath plus three additional bedrooms for flexible use. Outdoor space is provided by a backyard suitable for gatherings, gardening, or quiet evenings.
The property is located near shopping, dining, commuter routes, and local amenities, offering convenience for daily needs and travel.
With approximately 2,176 square feet of living space, this configuration supports a traditional single-family layout within a compact lot setting.
The property is located near shopping, dining, commuter routes, and local amenities, offering convenience for daily needs and travel.
With approximately 2,176 square feet of living space, this configuration supports a traditional single-family layout within a compact lot setting.
Key Highlights
- 4‑bedroom, 2.5‑bath single‑family home built in 1991
- Kitchen features an island and pantry, with stainless steel appliances included
- Primary suite includes a private primary bath
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
$29,295
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
6.10%
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%
$585,900
$585.9K
Cap Rate 7%
$418,500
$418.5K
Cap Rate 9%
$325,500
$325.5K
Market Conditions
NOI Build-Up for 2,176 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
$56.7K $26.04/SF
− Vacancy
−$3.4K −$1.56/SF
EGI
$53.3K $24.48/SF
− OpEx
−$24.0K −$11.01/SF
NOI
$29.3K $13.46/SF
Area
Prince George's County, MD
Vacancy
6.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$585,900
Cap Rate 7%
$418,500
Cap Rate 9%
$325,500
Alternative Uses
Best Use
Apartment 5plus
$418.5K
$366.2K – $488.3K
NOI $29,295 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$702.0K
$614.2K – $819.0K
NOI $49,138 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 20721, MD
29,847
Population
11,284
Households
2.6
Avg Household Size
45
Median Age
59%
College-Educated
97%
High-School Grad
16.8 sq mi
ZIP Area
1,777
Density / Sq Mi
$167,689
Median Household Income
$80,249
Median Earnings
$2,394
Median Rent
$561,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Residential home site featuring a 1991-built 4-bedroom, 2.5-bath single-family home with a backyard.
Where is this single family property located?
The property is located at 1111 KINGS HEATHER Drive Bowie, MD.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 4‑bedroom, 2.5‑bath single‑family home built in 1991; Kitchen features an island and pantry, with stainless steel appliances included; Primary suite includes a private primary bath
