Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5061 Howerton Way Bowie, MD 20715

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New warehouse space with dock door in Melford Town Center.

    Property size:
    3,044 SF
    Lot size:
    51.97 Acres

    Property Features for 5061 Howerton Way

    General Information

    Size
    3,044 SF
    Lot size
    51.97 Acres

    We can help!

    Listing Contact
    Mike White
    Source: Moodyscre

    Listing Agent: Mike White

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    New Warehouse Space in Bowie

    Located in Melford Town Center at US Route 50 and MD Route 3/301 in Bowie, this property is situated midway between Annapolis and Washington, D.C. Melford Town Center is a 466-acre mixed-use development in Prince George’s County, featuring over 870,000 square feet of Class ‘A’ office, flex/R&D, and retail space. The residential component includes approximately 250 townhomes, 140 senior living units, and 1,200 market-rate rental units. Three on-site hotels are planned, with a Courtyard by Marriott now open. The property is a brand new warehouse space featuring an 18-foot clear height, a restroom, and an 8'x10' dock door. Construction is brick on block. Ceiling heights are 16-18 ft. clear for flex spaces and 9 ft. clear for office spaces. Parking provides 4-6 spaces per 1,000 square feet. Zoning is MXT. The property size is 3,044 square feet.
    Location Intelligence

    Current Use by Public Records

    PJ Fitzpatrick Contractor Celebree School of Melford Day Care Center

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowie
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.7037659
    Latitude
    38.9564514

    Nearby Similar for Lease

    • $2,500 /Mo
      3,920 SF

      Attractive Office Space in Bowie

      Rare office space with treetop views and excellent access.
      4335 Northview Dr, Bowie, MD 20716
      View Details
    • Contact for pricing
      12,717 SF

      Retail Center in Hall Station

      Mixed-use development with retail and pad site for lease.
      15231 Hall Rd, Bowie, MD 20716
      View Details
    • Contact for pricing
      600,000 SF

      Bowie Retail & Entertainment Center

      New destination retail and entertainment center in Bowie, Maryland.
      700 Fairmont Ave, Bowie, MD 20716
      View Details
    • Contact for pricing
      350,000 SF

      Premier Retail Space in Bowie

      Prime commercial leasing opportunity in Bowie, MD's Vista Gardens Marketplace.
      10201-10621 Martin Luther King Jr Hwy, Bowie, MD 20720
      View Details
    • Contact for pricing
      600,000 SF

      New Mixed-Use Development in Bowie

      600,000 SF of commercial space in Bowie, Maryland.
      700 Fairmont Dr, Bowie, MD
      View Details
    • Contact for pricing
      57,828 SF

      Retail Leasing Opportunity in Largo

      Retail spaces available in a well-located Largo shopping center.
      10200 Lake Arbor Way, Bowie, MD 20721
      View Details
    • Contact for pricing
      3,000 SF

      Bowie Flex Space Available

      Flex/R&D space in Melford Town Center, Bowie, MD.
      4931 Telsa Dr, Bowie, MD 20715
      View Details
    • Contact for pricing
      2,084 SF

      Flex Space in Melford Town

      Flex space available for lease in Bowie, Maryland.
      17341 Melford Blvd, Bowie, MD 20715
      View Details
    • Contact for pricing
      6,000 SF

      Bowie Flex Space Available

      Flex/R&D space in Melford Town Center, Bowie, MD.
      4961 Tesla Dr, Bowie, MD
      View Details
    • Contact for pricing
      5,040 SF

      Bowie Flex/Medical Space Available

      Flex/medical space for rent in Melford Town Center.
      4901 Telsa Dr, Bowie, MD 20715
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in High-Traffic Plaza

      Retail space available in a busy, anchored shopping center.
      12100 Central Ave, Bowie, MD 20721
      View Details
    • Contact for pricing
      3,042 SF

      Melford Town Center Flex Space

      Flex, R&D, and office space in mixed-use development.
      17301 Melford Blvd, Bowie, MD 20715
      View Details

    FAQs

    What type of property is this?
    Flex space - New warehouse space with dock door in Melford Town Center.
    Where is this flex space located?
    The property is located at 5061 Howerton Way Bowie, MD.
    What are key features of this property?
    This property features: - Brand new warehouse space with 18' clear height, restroom, and 8'x10' dock door.; - Located in Melford Town Center, a 466-acre mixed-use development.; - Positioned midway between Annapolis and Washington, D.C. on US Route 50 and MD Route 3/301.
    (410) 788-0100
    Request Owner's contact information
    5061 Howerton Way Bowie, MD 20715
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5061 Howerton Way
    Bowie, MD 20715
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5061 Howerton Way Bowie, MD 20715
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mike White
    (410) 788-0100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.