Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12203 Lanham Severn Rd Bowie, MD 20720

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $90,000

    3.33 acre lot near Bowie State University and Greenbelt Metro.

    Added:
    May 27, 2025
    Days on Market:
    337
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 12203 Lanham Severn Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    ADAM M SHPRITZ
    ADAM M SHPRITZ

    Listing agent ADAM M SHPRITZ License #RMR004765

    Listing office ASHLAND AUCTION GROUP LLC

    Listing date May 27, 2025

    Source Corcoran

    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 ASHLAND AUCTION GROUP LLC

    Overview

    Land in Bowie near University

    This is a 3.33 acre (approximately 145,054 square feet) vacant lot of land located in the Bowie area of Prince George's County, Maryland. The property is situated just minutes from Bowie State University and the Greenbelt Metro Station, with easy access to the major traffic artery Greenbelt Road. The property is available for offers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowie
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.7941
    Latitude
    39.0005

    Nearby Similar for Sale

    • $600,000

      Large Level Lot in Bowie

      3.84 acre lot near Freeway Airport.
      3704 CHURCH Road, BOWIE, MD 20721
      View Details
    • $515,000
      2,176 SF

      Spacious Bowie Single-Family Home

      Four-bedroom, 2.5-bath home near shopping, dining, and commuter routes.
      1111 KINGS HEATHER Drive, BOWIE, MD 20721
      View Details
    • $50,000

      Bowie Vacant Land Opportunity

      1.72-acre vacant land parcel in high-demand Bowie location.
      0 Pine Avenue, Bowie, MD 20715
      View Details
    • $99,000

      Residential Lot in Bowie, MD

      Prime lot in Bowie's desirable location, ideal for custom home.
      5620 PARK Drive, BOWIE, MD 20715
      View Details
    • $300,000

      Land in Heart of Bowie

      Prime real estate in Bowie, MD, ready for new construction.
      CHURCH Road, BOWIE, MD 20720
      View Details
    • $195,000

      Permit Approved Land in Bowie

      Shovel-ready lot with approved permits for multi-generational new construction.
      16307 AYRWOOD Lane, BOWIE, MD 20716
      View Details
    • $385,000

      Commercial Unit on Annapolis Road

      Commercial unit on Annapolis Road in Bowie, Maryland for sale.
      13623 ANNAPOLIS Road, BOWIE, MD 20720
      View Details
    • $185,000

      Residential Lot in Bowie, MD

      2.08-acre residential lot in a picturesque Bowie neighborhood.
      13314 FOREST Drive, BOWIE, MD 20715
      View Details
    • $299,995

      Bowie Business District Office Space

      Centrally located office with four offices and reception area.
      3060 MITCHELLVILLE Rd 6-A, Bowie, MD 20716
      View Details
    • $3,750,000
      8,533 SF

      Bowie Retail Investment Opportunity

      Freestanding retail property in Bowie, MD with established tenants.
      15704 Mount Oak Road, Bowie, MD 20716
      View Details
    • $1,099,998

      Development-Ready Land in Bowie, MD

      6-acre parcel in Bowie, MD, ideal for residential development.
      8401 SPRINGFIELD Road, BOWIE, MD 20720
      View Details
    • $599,999

      Residential Land in Bowie, Maryland

      6.99 acres of residential land for sale in Bowie.
      CHURCH Road, BOWIE, MD 20721
      View Details

    FAQs

    What type of property is this?
    Land - 3.33 acre lot near Bowie State University and Greenbelt Metro.
    Where is this land located?
    The property is located at 12203 Lanham Severn Rd Bowie, MD.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: Large 3.33‑acre lot of land.; Prime location near Bowie State University and Greenbelt Metro Station.; Easy access to Greenbelt Rd, a major traffic artery.
    (410) 488-3124
    We can help!
    Listing Contact
    ADAM M SHPRITZ
    ADAM M SHPRITZ
    Real Estate License ID: RMR004765
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!