Renovated Office
For Sale
$2,950,000
9410 Annapolis Rd, Lanham, MD 20706
CGO-zoned office space features upgraded interiors, natural light, and generous surface parking.
Property Size23,177 SF
Price / SF$344.55
Days on Market38
Property Features for 9410 Annapolis Rd
General Information
Standard status
Active
Size
23,177 SF
Class
B
Total Parking Spaces
41
Property subtype
Office
Zoning
CGO
Additional Details
Asking Price
$2,950,000
Building Details
Building Size
23,177 SF
Year Built
1986
Year Renovated
2019
Buildings
1
Listing Agency:
Realty Transaction Services, LLC
Listed By:
Terry Rogers · License #5330
(301) 526-2584
Source:
Naimichael
Added: Aug 30
Changed: Oct 4
Last Checked: Oct 5 at 5:32PM
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 Realty Transaction Services, LLC
Investment Insights
Based on property information with market context.
This office building provides approximately 8,562 SF of available space with upgraded interiors and strong window lines that bring substantial natural light into the workplace. The property was constructed in 1986 and renovated in 2019, offering an updated office environment within an established commercial building. Furnishings can be negotiated, and the space is immediately available.
The property is zoned CGO (Commercial, General & Office), supporting its office-oriented configuration. On-site parking includes 41 free surface spaces, providing convenient access for occupants and visitors. The building is located at 9410 Annapolis Rd in Lanham, Maryland.
The property is zoned CGO (Commercial, General & Office), supporting its office-oriented configuration. On-site parking includes 41 free surface spaces, providing convenient access for occupants and visitors. The building is located at 9410 Annapolis Rd in Lanham, Maryland.
Key Highlights
- Approximately 8,562 SF of office space available
- Renovated in 2019 after original construction in 1986
- CGO zoning: Commercial, General & Office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,798
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,615,960
$2.6M
Cap Rate 7%
$1,868,543
$1.9M
Cap Rate 9%
$1,453,311
$1.5M
Market Conditions
NOI Build-Up for 8,562 SF
Gross rent
$210.6K $24.60/SF
− Vacancy
−$36.2K −$4.23/SF
EGI
$174.4K $20.37/SF
− OpEx
−$43.6K −$5.09/SF
NOI
$130.8K $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 Rate 5%
$2,615,960
Cap Rate 7%
$1,868,543
Cap Rate 9%
$1,453,311
Alternative Uses
Best Use
Office B
$1.87M
$1.63M – $2.18M
NOI $130,798 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.76M
$2.42M – $3.22M
NOI $193,345 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
Explore this area
Business Placement
Demographics for 20706, MD
43,623
Population
13,799
Households
3.2
Avg Household Size
36
Median Age
34%
College-Educated
83%
High-School Grad
10.0 sq mi
ZIP Area
4,362
Density / Sq Mi
$100,061
Median Household Income
$44,032
Median Earnings
$1,797
Median Rent
$408,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 building - CGO-zoned office space features upgraded interiors, natural light, and generous surface parking.
Where is this office building located?
The property is located at 9410 Annapolis Rd Lanham, MD.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Approximately 8,562 SF of office space available; Renovated in 2019 after original construction in 1986; CGO zoning: Commercial, General & Office
