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    8701 Crandall Rd Lanham, MD 20706

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    For Sale
    $450,000

    Licensed assisted living facility or single family home opportunity.

    Lot size:
    0.22 Acres

    Property Features for 8701 Crandall Rd

    General Information

    Lot size
    0.22 Acres

    Building Details

    Year built
    1973

    Source: Paragon Realty, LLC Agent Akinbode A Akinola

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

    Overview

    Lanham Assisted Living Facility/Home

    The property is currently used as a licensed assisted living facility, presenting the option for continued use as such or conversion into a single-family home. Situated on a corner lot in Lanham, the split foyer layout includes a living room, dining area, and kitchen. The upper level features three bedrooms, while the basement offers two additional large rooms and a full bathroom. A sprinkler system is installed.
    Location Intelligence

    Current Use by Public Records

    Able Hands Health ... Home Health Care Service YourSecondFamily: Home Association / Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Heart of Hope, Project Worthy Homes, Inc

    Location Insight

    • Map
    • Local Demand
    City
    Lanham
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8567215
    Latitude
    38.9535165

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    FAQs

    What type of property is this?
    Assisted living facility - Licensed assisted living facility or single family home opportunity.
    Where is this assisted living facility located?
    The property is located at 8701 Crandall Rd Lanham, MD.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Licensed for Assisted Living: Immediate income potential as a turnkey assisted living facility.; - Flexible Usage: Option to continue as assisted living or convert back to a single-family home.; - Corner Lot Location: Situated on a corner lot in the heart of Lanham, providing increased visibility.
    (301) 559-2212
    Request Owner's contact information
    8701 Crandall Rd Lanham, MD 20706
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    Lanham, MD 20706
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    Realmo Value Estimation

    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.

    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.

    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
    8701 Crandall Rd Lanham, MD 20706
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