Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Development Land Opportunity Title is generated by Realmo AI

    9306 Marlboro Pike, Upper Marlboro, MD 20772

    View on Map
    Claim this Listing
    For Sale
    $1,500,000

    4.8 acres zoned for diverse commercial uses.

    Type:Land or Vacant Lot
    Lot size:
    4.79 Acres
    Added:
    Jan 26, 2023
    Days on Market:
    1226
    Last Refresh:
    May 10 at 10:52 pm

    Property Features for 9306 Marlboro Pike

    General Information

    Standard status
    Active
    Lot size
    4.79 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    CARRIE J SHEARER
    CARRIE J SHEARER

    Listing agent CARRIE J SHEARER License #630339

    Listing office LAND & COMMERCIAL, INC

    Listing date Jan 26, 2023

    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 LAND & COMMERCIAL, INC

    HighLights

    • High‑traffic location on Pennsylvania Ave (MD Rt 4) and Marlboro Pike offers excellent visibility.
    • Zoned CSC, changing to CGO on 4‑1‑2022, permitting diverse uses like car wash, self‑storage, retail, office, and multi‑family.
    • Approximately 4.8 acres of land suitable for development.
    • Located adjacent to a hotel, restaurant, grocery store, bank, and church.
    • Close proximity to professional offices.
    • Situated in an expanding neighborhood with plans to accommodate a growing residential population.

    Overview

    Approximately 4.8 acres of land are available, situated between Pennsylvania Ave (MD Rt 4) and Marlboro Pike. The location is adjacent to a hotel, restaurant, small grocery store, bank, church, and various professional offices, including pediatricians, optometrists, accountants, and dentists. The property benefits from high visibility and traffic. Currently zoned CSC, the zoning is scheduled to change to CGO on 4-1-2022, which will permit car washes, self-storage facilities, retail businesses, office use, multi-family housing, and more. The surrounding neighborhood is expanding, with future plans in place to accommodate an increasing residential population.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Upper Marlboro
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8448
    Latitude
    38.8183

    Nearby Similar for Sale

    • $800,000

      Residential Land in Upper Marlboro

      Residential land with subdivision potential in growing Westphalia area.
      9410 WESTPHALIA Road, UPPER MARLBORO, MD 20774
      View Details
    • $90,000

      Residential Land in Sierra Meadows

      0.82-acre residential lot in Upper Marlboro's Sierra Meadows community.
      13600 OAK GROVE Road, UPPER MARLBORO, MD 20774
      View Details
    • $139,900

      6.97 Acres in Upper Marlboro

      6.97 acre lot ready for your dream home.
      12223 MOLLY BERRY RD., UPPER MARLBORO, MD 20772
      View Details
    • $195,000

      Wooded Lot in Upper Marlboro

      10.7 acre wooded lot near Route 301.
      Parcel 85 OLD INDIAN HEAD Road, UPPER MARLBORO, MD 20772
      View Details
    • $479,000

      9-Acre Wooded Lot

      9-acre wooded lot in Upper Marlboro, MD.
      17905 QUEEN ANNE Road, UPPER MARLBORO, MD 20774
      View Details
    • $1,500,000
      1,728 SF

      Land with Existing Residence

      Two parcels totaling 1.76 acres with development potential.
      15109 MARLBORO Pike, UPPER MARLBORO, MD 20772
      View Details
    • $80,000

      Residential Land in Upper Marlboro

      Wooded residential land near Washington, DC, and Andrews Air Force Base.
      317 NAIRN Court, UPPER MARLBORO, MD 20774
      View Details
    • $300,000

      Residential Land in Upper Marlboro

      2.29 acre residential land for sale in Upper Marlboro.
      7507 S OSBORNE Road, UPPER MARLBORO, MD 20772
      View Details
    • $300,000

      13.85 Acres in Upper Marlboro

      Scenic land perfect for building a custom dream home.
      4411 LARGO RD, UPPER MARLBORO, MD 20772
      View Details
    • $249,900

      Wooded Homesite in Upper Marlboro

      2.52-acre wooded homesite with completed planning work.
      17306 CLAGGETT LANDING RD, UPPER MARLBORO, MD 20774
      View Details
    • $189,900

      Residential Land in Upper Marlboro

      Permitted land ready for a dream home near shops.
      Parcel 159 CANDY HILL Road, UPPER MARLBORO, MD 20772
      View Details
    • $250,000

      Land For Sale in Maryland

      4 acre lot available in Upper Marlboro, Maryland.
      9608 CROOM RD, UPPER MARLBORO, MD 20772
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.8 acres zoned for diverse commercial uses.
    Where is this commercial land located?
    The property is located at 9306 Marlboro Pike Upper Marlboro, MD.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: High‑traffic location on Pennsylvania Ave (MD Rt 4) and Marlboro Pike offers excellent visibility.; Zoned CSC, changing to CGO on 4‑1‑2022, permitting diverse uses like car wash, self‑storage, retail, office, and multi‑family.; Approximately 4.8 acres of land suitable for development.
    (301) 952-9700
    We can help!
    Listing Contact
    CARRIE J SHEARER
    CARRIE J SHEARER
    Real Estate License ID: 630339
    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

    Thank You for Inquiry
    9306 Marlboro Pike, UPPER MARLBORO, MD 20772
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!