Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Bowie Center Title is generated by Realmo AI

    15407-15485 Excelsior Dr, Bowie, MD

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space available in Bowie Town Center shopping destination.

    Type:RETAIL
    Property size:
    1,400 SF
    Lot size:
    10.22 Acres
    Added:
    Jun 27, 2024
    Days on Market:
    709
    Last Refresh:
    May 19 at 8:47 pm

    Property Features for 15407-15485 Excelsior Dr

    General Information

    Standard status
    Active
    Size
    1,400 SF
    Lot size
    10.22 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 15407-15485 Excelsior Dr Contact us

    We can help!

    Listing Contact
    Jonathan
    Jonathan "Jon" Garritt

    Listing agent Jonathan "Jon" Garritt

    Listing office Segall Group

    Listing date Jun 27, 2024

    Source Moodyscre

    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 Segall Group

    HighLights

    • Located near Route 301 and Route 50
    • Anchored by Macy’s, Barnes & Noble, Best Buy and Safeway
    • Offers a diverse shopping experience
    • More than 70 stores
    • Stores range from fashion to specialty uses
    • Variety of goods and services

    Overview

    Located near Route 301 and Route 50, Bowie Town Center provides a diverse shopping experience with over 70 stores, offering a variety of goods and services ranging from fashion to specialty uses. Anchors include Macy’s, Barnes & Noble, Best Buy, and Safeway. The available retail space is 1400 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Sunglass Hut at Macy's — 15300 Emerald Way, Bowie, MD 20716
    • Rayan Furniture — 15619 Emerald Way, Bowie, MD 20716
    • Shoppes At Bowie Town Center — 3811 Evergreen Pkwy, Bowie, MD 20716
    • Mascara — 15642 Emerald Way, Bowie, MD 20716
    • Bowie Town Center — 15606 Emerald Way, Bowie, MD 20716

    Location Insight

    • Map
    • Local Demand
    City
    Bowie
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.7371
    Latitude
    38.9454

    Nearby Similar for Lease

    • Sponsored
      $129-$7,404/Mo
      11-1,292 SF

      Melford Plaza I

      16701 Melford Blvd, Unit 400, Bowie, MD 20715
      View Details
    • Contact for pricing
      12,717 SF

      Retail Center in Hall Station

      Mixed-use development with retail and pad site for lease.
      15231 & 15261 Hall Rd, 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 20720-4220
      View Details
    • Contact for pricing
      6,212 SF

      Restaurant Pad Site For Rent

      6,212 SF restaurant pad site with excellent visibility.
      10601 Martin Luther King Jr Hwy, 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
      View Details
    • Contact for pricing
      1,245 SF

      Office Space in Melford Town

      Office space for rent in a mixed-use development.
      17001 Science Dr, Bowie, MD
      View Details
    • Contact for pricing
      675 SF

      Retail Space in Bowie, MD

      Retail space available in a renovated, anchored shopping center.
      6836 Race Track Rd, Bowie, MD
      View Details
    • Contact for pricing
      994 SF

      Retail Space in Bowie, MD

      Retail space available in a renovated, anchored shopping center.
      6774 Race Track Rd, Bowie, MD
      View Details
    • Contact for pricing
      7,200 SF

      Retail Space in Hilltop Plaza

      Retail space available in a renovated, highly visible shopping center.
      6702 Race Track Rd, Bowie, MD
      View Details
    • Contact for pricing
      600,000 SF

      Bowie Retail & Entertainment Center

      New destination retail and entertainment center in Bowie, Maryland.
      700 Fairmont Avenue, Bowie, MD 20716
      View Details
    • Contact for pricing
      2,520 SF

      Office Space in Melford Center

      Class A office space in a mixed-use development.
      17000 Science Dr, Bowie, MD
      View Details
    • Contact for pricing
      25,350 SF

      Class A Office Space Available

      Class A office space for rent in Melford Town Center.
      16901 Melford Blvd, Bowie, MD
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in Bowie Town Center shopping destination.
    Where is this shopping center located?
    The property is located at 15407-15485 Excelsior Dr Bowie, MD.
    What are key features of this property?
    This property features: Located near Route 301 and Route 50; Anchored by Macy’s, Barnes & Noble, Best Buy and Safeway; Offers a diverse shopping experience
    (443) 223-0662 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jonathan
    Jonathan "Jon" Garritt
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    15407-15485 Excelsior Dr, Bowie, MD
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!