Office Unit with Drive-Through
For Sale
Contact for pricing
12100 Annapolis Rd, Bowie, MD 20720
CGO zoning supports medical, dental, veterinary, and professional office uses.
Property Size2,836 SF
Lot Size0.16 Acres
Price / SF$387.87
Days on Market151
Property Features for 12100 Annapolis Rd
General Information
Standard status
Active
Size
2,836 SF
Net Rentable
2,836 SF
Lot size
0.16 Acres
Property subtype
Office
Zoning
CGO
Additional Details
Drive-Thru
Yes
Building Details
Year Built
2009
Buildings
1
Stories
1
Units
1
Listing Agency:
Tranzon Key
(703) 539-8111
Listed By:
Jeffrey Stein · License #MD 5422
Source:
Crexi
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 6:52AM
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 Tranzon Key
Investment Insights
Based on property information with market context.
This 2,836-square-foot office unit occupies Suite 1 within a retail condominium structure on a 0.16-acre site. The 2009 building was formerly operated as a bank branch and includes two drive-through banking lanes. Suite 1 shares the structure with a pharmacy in Suite 2.
The property is positioned along Annapolis Road and is zoned CGO, or Commercial General and Office. The stated zoning allows several commercial and professional applications, including medical or dental office, veterinary hospital or clinic, professional office, and cannabis dispensary uses. The unit provides a defined condominium ownership format with existing drive-through improvements.
The property is positioned along Annapolis Road and is zoned CGO, or Commercial General and Office. The stated zoning allows several commercial and professional applications, including medical or dental office, veterinary hospital or clinic, professional office, and cannabis dispensary uses. The unit provides a defined condominium ownership format with existing drive-through improvements.
Key Highlights
- 2,836 SF net rentable area in Suite 1
- Two drive‑through banking lanes
- 0.16‑acre site with a 2009 building
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
$64,042
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
5.82%
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%
$1,280,840
$1.3M
Cap Rate 7%
$914,886
$914.9K
Cap Rate 9%
$711,578
$711.6K
Market Conditions
NOI Build-Up for 2,836 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
$96.3K $33.96/SF
− Vacancy
−$10.9K −$3.85/SF
EGI
$85.4K $30.11/SF
− OpEx
−$21.3K −$7.53/SF
NOI
$64.0K $22.58/SF
Area
Prince George's County, MD
Vacancy
11.34%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,280,840
Cap Rate 7%
$914,886
Cap Rate 9%
$711,578
Alternative Uses
Best Use
Specialty Retail
$914.9K
$800.5K – $1.07M
NOI $64,042 @ 7.0% cap · market cap 5.82%
Second Best
Retail
$910.1K
$796.4K – $1.06M
NOI $63,709 @ 7.0% cap · market cap 5.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 20720, MD
25,702
Population
8,658
Households
3
Avg Household Size
41
Median Age
59%
College-Educated
95%
High-School Grad
14.7 sq mi
ZIP Area
1,748
Density / Sq Mi
$162,976
Median Household Income
$72,998
Median Earnings
$3,162
Median Rent
$545,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - CGO zoning supports medical, dental, veterinary, and professional office uses.
Where is this office units located?
The property is located at 12100 Annapolis Rd Bowie, MD.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,836 SF net rentable area in Suite 1; Two drive‑through banking lanes; 0.16‑acre site with a 2009 building
