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

    7515 Mission Dr Lanham, MD 20706

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

    Class B office building with ample parking and convenient location.

    Property size:
    41,480 SF
    Lot size:
    13.34 Acres

    Property Features for 7515 Mission Dr

    General Information

    Size
    41,480 SF
    Lot size
    13.34 Acres

    We can help!

    Listing Contact
    Paul Kern
    Paul Kern
    Source: Moodyscre

    Listing Agent: Paul Kern

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

    Learn more

    Property Insight Report

    Overview

    Office Space in Goddard Corporate Park

    Located in Goddard Corporate Park in Greenbelt, Maryland, this Class B office building offers full and partial floor availability. The building has a total area of 114,700 square feet. The property is situated in a beautifully landscaped area that includes a pond, running and biking trails, and picnic areas. It features abundant, free surface parking. The location provides convenient access to the Capital Beltway, I-95, and BWI Airport. It is also in close proximity to NASA, restaurants, and shopping.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Goddard Corporate Park Corporate Office SESDA-2 Corporate Office Honeywell Technology Solutions, ... Aerospace Company NASA Manufacturing Technology ... Training Centre ASRC PAAC-V Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lanham
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8217876
    Latitude
    38.992505

    Nearby Similar for Lease

    • $20 SF/Yr
      50,800 SF

      Office-Industrial Flex Building For Rent

      Two-story office-industrial flex building in Washington Business Park.
      4221 Forbes Blvd, Lanham, MD 20706
      View Details
    • Contact for pricing
      91,000 SF

      Lanham Industrial Facility For Lease

      91,000 SF industrial facility with modern amenities in Lanham, MD.
      4400 Hargrove Dr, Lanham, MD 20706
      View Details
    • Contact for pricing
      43,000 SF

      Lanham Industrial Space Available

      Industrial suite with office space and convenient highway access.
      9700 Martin Luther King Jr Hwy, Lanham, MD 20706
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Eastgate Center

      Retail space available in well-located, anchored shopping center.
      10501-10631 Greenbelt Rd, Lanham, MD 20706
      View Details
    • $16 SF/Yr
      1,200 SF

      Retail Space in Eastgate Center

      Retail space available in busy, highly visible shopping center.
      10621 Greenbelt Rd, Lanham, MD 20706
      View Details
    • $17 SF/Yr
      23,177 SF

      Lanham Office Building For Lease

      Office building with upgraded space and convenient location for lease.
      9410 Annapolis Rd, Lanham, MD 20706
      View Details
    • $18 SF/Yr
      49,527 SF

      Lanham, MD Office Space for Lease

      Class B Medical/Executive Office Suites Available
      10210 Greenbelt Rd, Lanham, MD 20706
      View Details
    • Contact for pricing
      2,471 SF

      Lanham Retail Space For Lease

      Prime 2,471 SF Retail Space in Lanham, MD
      7731 Annapolis Rd, Lanham, MD 20706
      View Details
    • $15 SF/Yr
      64,842 SF

      Lanham Office Building For Rent

      Four-story office building with renovated lobby and backup generator.
      4500 Forbes Blvd, Lanham, MD 20706
      View Details
    • Contact for pricing
      7,487 SF

      Lanham Retail Space For Rent

      Retail space and pad site with drive-thru available for lease.
      8807-8845 Annapolis Rd, Lanham, MD 20706
      View Details
    • $18 SF/Yr
      8,099 SF

      Lanham Office Building For Rent

      Four-story office building near NASA with on-site conference center.
      7404 Executive Pl, Lanham, MD 20706
      View Details
    • $15 SF/Yr
      53,037 SF

      Lanham Office Suites For Rent

      Office suites available in Lanham, Prince George's County, MD.
      7501 Forbes Blvd, Lanham, MD 20706
      View Details

    FAQs

    What type of property is this?
    Office building - Class B office building with ample parking and convenient location.
    Where is this office building located?
    The property is located at 7515 Mission Dr Lanham, MD.
    What are key features of this property?
    This property features: - Convenient access to Capital Beltway, I-95, and BWI Airport; - Close proximity to NASA, restaurants, and shopping; - Abundant, free surface parking
    (301) 304-8300
    Request Owner's contact information
    7515 Mission Dr Lanham, MD 20706
    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.
    7515 Mission Dr
    Lanham, MD 20706
    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
    7515 Mission Dr Lanham, MD 20706
    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
    Paul Kern
    Paul Kern
    (301) 304-8300
    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.