Bank Condominium with
For Sale
$1,100,000
12100 Annapolis Road Unit A-1, Glenn Dale, MD 20769
CGO zoning supports medical, professional office, veterinary, and dispensary uses.
Property Size2,836 SF
Lot Size0.16 Acres
Price / SF$387.87
Days on Market75
Property Features for 12100 Annapolis Road Unit A-1
General Information
Standard status
Active
Size
2,836 SF
Net Rentable
2,836 SF
Lot size
0.16 Acres
Property subtype
Commercial
Zoning
CGO
Lease Term
[]
Additional Details
Drive-Thru
Yes
Office Units
1
Building Details
Year Built
2009
Tenancy
Single
Listing Agency:
Tranzon Key
(703) 539-8111
Listed By:
Jeffrey E Stein · License #5422
Source:
Deepcreeklake
Added: May 27
Changed: Aug 8
Last Checked: Aug 8 at 4:53PM
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 retail condominium unit occupies Suite 1 of a 2009-built commercial property at 12100 Annapolis Road in Glenn Dale. The improvements provide 2,836 SF of net rentable area on a 0.16-acre site, with two drive-thru banking lanes. The building is reported to be in good overall condition.
The unit shares the structure with Suite 2, a pharmacy. CGO (Commercial General and Office) zoning permits a range of uses, including medical or dental office, veterinary hospital or clinic, professional office, and cannabis dispensary. The property is identified as a former bank branch and is located in Glenn Dale, MD 20769.
The unit shares the structure with Suite 2, a pharmacy. CGO (Commercial General and Office) zoning permits a range of uses, including medical or dental office, veterinary hospital or clinic, professional office, and cannabis dispensary. The property is identified as a former bank branch and is located in Glenn Dale, MD 20769.
Key Highlights
- 2,836 SF of net rentable area on a 0.16‑acre site
- Suite 1 retail condominium unit in a shared commercial structure
- Two drive‑thru banking lanes
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
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
Demographics for 20769, MD
7,009
Population
2,398
Households
2.9
Avg Household Size
43
Median Age
53%
College-Educated
92%
High-School Grad
6.5 sq mi
ZIP Area
1,078
Density / Sq Mi
$170,117
Median Household Income
$75,552
Median Earnings
$2,788
Median Rent
$571,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - CGO zoning supports medical, professional office, veterinary, and dispensary uses.
Where is this bank located?
The property is located at 12100 Annapolis Road Unit A-1 Glenn Dale, 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 of net rentable area on a 0.16‑acre site; Suite 1 retail condominium unit in a shared commercial structure; Two drive‑thru banking lanes
