Turnkey Commercial
New
For Sale
$560,000
13629 Annapolis Road, Bowie, MD 20720
CGO-zoned workspace with production, reception, office, restroom, and storage areas for culinary operations.
Property Size1,006 SF
Days on Market3
Property Features for 13629 Annapolis Road
General Information
Standard status
Active
Size
1,006 SF
Property subtype
Retail
Building Details
Building Size
1,006 SF
Listing Agency:
NAI Michael
Listed By:
Monica Byrd
(301) 646-0013
Source:
Naimichael
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 18 at 5:01AM
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.
This 1,006 SF commercial kitchen condo in Bowie, Maryland, is configured for food-production and related business operations. The interior includes an operational kitchen, private office, foyer and reception area, restroom, and storage closet. Front-facing windows bring natural light into the space while providing visibility from the building exterior. The property is presented as fully equipped and ready for occupancy.
CGO zoning—Commercial, General and Office—supports the property’s stated suitability for catering, meal preparation, commissary kitchen operations, restaurant concepts, ghost kitchens, and other culinary ventures. The layout separates production, administrative, reception, and support areas within a compact commercial setting. Its Bowie location provides access to regional markets throughout the Washington metropolitan area.
CGO zoning—Commercial, General and Office—supports the property’s stated suitability for catering, meal preparation, commissary kitchen operations, restaurant concepts, ghost kitchens, and other culinary ventures. The layout separates production, administrative, reception, and support areas within a compact commercial setting. Its Bowie location provides access to regional markets throughout the Washington metropolitan area.
Key Highlights
- 1,006± SF commercial kitchen condo in Bowie, Maryland
- Operational commercial kitchen with equipment in place
- CGO (Commercial, General and Office) zoning
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
$22,717
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
4.06%
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%
$454,340
$454.3K
Cap Rate 7%
$324,529
$324.5K
Cap Rate 9%
$252,411
$252.4K
Market Conditions
NOI Build-Up for 1,006 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
$34.2K $33.96/SF
− Vacancy
−$3.9K −$3.85/SF
EGI
$30.3K $30.11/SF
− OpEx
−$7.6K −$7.53/SF
NOI
$22.7K $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%
$454,340
Cap Rate 7%
$324,529
Cap Rate 9%
$252,411
Alternative Uses
Best Use
Specialty Retail
$324.5K
$284.0K – $378.6K
NOI $22,717 @ 7.0% cap · market cap 4.06%
Second Best
Industrial
$227.9K
$199.4K – $265.9K
NOI $15,952 @ 7.0% cap · market cap 2.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 20720, MD
25,702
Population
8,658
Households
3
Avg Household Size
41
Median Age
59%
College-Educated
95%
High-School Grad
14.7 sq mi
ZIP Area
1,748
Density / Sq Mi
$162,976
Median Household Income
$72,998
Median Earnings
$3,162
Median Rent
$545,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - CGO-zoned workspace with production, reception, office, restroom, and storage areas for culinary operations.
Where is this commercial kitchen located?
The property is located at 13629 Annapolis Road Bowie, MD.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 1,006± SF commercial kitchen condo in Bowie, Maryland; Operational commercial kitchen with equipment in place; CGO (Commercial, General and Office) zoning
