Class A Office
New
For Sale
Contact for pricing
1300 Caraway Ct, Upper Marlboro, MD 20774
Elevator-served space within a two-story professional office building with 9-foot finished ceilings.
Property Size25,000 SF
Price / SF$278.18
Days on Market3
Property Features for 1300 Caraway Ct
General Information
Standard status
Active
Size
25,000 SF
Class
Class A
Elevators
Yes
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Asking Price
$575,000
Building Details
Buildings
1
Stories
2
Building Size
25,000 SF
Listing Agency:
NAI Michael
(240) 417-1787
Listed By:
Joseph "Joe" Palermo · License #531740
(240) 417-1787
Source:
Moodyscre
Added: Aug 7
Changed: Aug 9
Last Checked: Aug 9 at 2:55AM
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 NAI Michael
Investment Insights
Based on property information with market context.
Unit 102 offers approximately 2,067 square feet within a 25,000 SF, two-story Class A office building. The property provides elevator service to the second floor, 9-foot finished ceilings, and parking at twice the county code.
The office is positioned off the Capital Beltway, with access at Exits 17A for Rt. 202 and 16 for Arena Drive. Downtown Largo and its Blue Line station are nearby, along with a new hospital and multiple Prince George’s County Government buildings.
The office is positioned off the Capital Beltway, with access at Exits 17A for Rt. 202 and 16 for Arena Drive. Downtown Largo and its Blue Line station are nearby, along with a new hospital and multiple Prince George’s County Government buildings.
Key Highlights
- Unit 102 contains approximately 2,067 sf
- Part of a 25,000 SF, two‑story Class A office building
- 9‑foot finished ceilings
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
$31,577
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
5.49%
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%
$631,540
$631.5K
Cap Rate 7%
$451,100
$451.1K
Cap Rate 9%
$350,856
$350.9K
Market Conditions
NOI Build-Up for 2,067 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
$50.8K $24.60/SF
− Vacancy
−$8.7K −$4.23/SF
EGI
$42.1K $20.37/SF
− OpEx
−$10.5K −$5.09/SF
NOI
$31.6K $15.28/SF
Area
Prince George's County, MD
Vacancy
17.20%
Lease Rate
$24.60 /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%
$631,540
Cap Rate 7%
$451,100
Cap Rate 9%
$350,856
Alternative Uses
Best Use
Office B
$451.1K
$394.7K – $526.3K
NOI $31,577 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$666.8K
$583.5K – $777.9K
NOI $46,676 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,595
Businesses Nearby
Explore this area
Business Placement
Demographics for 20774, MD
51,984
Population
21,747
Households
2.4
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
34.9 sq mi
ZIP Area
1,490
Density / Sq Mi
$128,392
Median Household Income
$67,098
Median Earnings
$2,213
Median Rent
$439,500
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 - Elevator-served space within a two-story professional office building with 9-foot finished ceilings.
Where is this office units located?
The property is located at 1300 Caraway Ct Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Unit 102 contains approximately 2,067 sf; Part of a 25,000 SF, two‑story Class A office building; 9‑foot finished ceilings
