First-Floor Corner Office
For Sale
Contact for pricing
3028 Mitchellville Road #104, Bowie, MD 20716
Bright corner suite with three-sided windows and dedicated on-site parking in a professional park setting.
Property Size875 SF
Price / SF$220
Days on Market58
Property Features for 3028 Mitchellville Road #104
General Information
Standard status
Active
Size
875 SF
Property subtype
Office
Building Details
Year Built
1988
Listing Agency:
Hyatt Commercial
(410) 266-8800
Listed By:
John Kauffman · License #MD5022075
Source:
Crexi
Added: Jun 9
Changed: Jul 10
Last Checked: Aug 5 at 9:54AM
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 Hyatt Commercial
Investment Insights
Based on property information with market context.
First-floor corner office condo in an established office condominium community, featuring windows on three sides for strong natural light. The corner positioning provides an open feel with a degree of privacy, making it practical for client-facing use. The interior layout is functional and adaptable, suitable for a range of professional configurations for a small business or professional practice.
The suite is located within North Oak Professional Park, Suite 104, providing convenient connectivity to Route 50 and Route 301. A large on-site parking lot supports easy access for both employees and visiting clients. The property is also positioned near Bowie Town Center and a variety of dining, retail, banking, and service amenities.
As an owner-occupied option, this suite offers a dedicated professional address in a business park environment with convenient roadway access and on-site parking. The three-sided window presence can be particularly valuable for day-to-day comfort for staff and for welcoming clients, while the adaptable layout supports different office uses without requiring major redesign. This property is well-aligned for buyers seeking a private, professional workspace within a maintained office condominium setting.
The suite is located within North Oak Professional Park, Suite 104, providing convenient connectivity to Route 50 and Route 301. A large on-site parking lot supports easy access for both employees and visiting clients. The property is also positioned near Bowie Town Center and a variety of dining, retail, banking, and service amenities.
As an owner-occupied option, this suite offers a dedicated professional address in a business park environment with convenient roadway access and on-site parking. The three-sided window presence can be particularly valuable for day-to-day comfort for staff and for welcoming clients, while the adaptable layout supports different office uses without requiring major redesign. This property is well-aligned for buyers seeking a private, professional workspace within a maintained office condominium setting.
Key Highlights
- First‑floor corner office condo (Suite 104) with windows on three sides for abundant natural light
- Corner positioning provides openness and privacy for staff and client‑facing workspaces
- Located in North Oak Professional Park for a dedicated office condo setting
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.5k | $24.60 |
| − Vacancy | −$3.7k | −$4.23 |
| EGI | $17.8k | $20.37 |
| − OpEx | −$4.5k | −$5.09 |
| NOI | $13.4k | $15.28 |
875 SF · lease $24.60/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$191.0K
$167.1K – $222.8K
NOI $13,367 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$282.3K
$247.0K – $329.3K
NOI $19,759 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 20716, MD
22,874
Population
9,492
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
94%
High-School Grad
11.5 sq mi
ZIP Area
1,989
Density / Sq Mi
$122,683
Median Household Income
$66,987
Median Earnings
$2,140
Median Rent
$405,900
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 - Bright corner suite with three-sided windows and dedicated on-site parking in a professional park setting.
Where is this office units located?
The property is located at 3028 Mitchellville Road #104 Bowie, MD.
What is the asking price?
The asking price for this property is $192,500.
What are key features of this property?
This property features: First‑floor corner office condo (Suite 104) with windows on three sides for abundant natural light; Corner positioning provides openness and privacy for staff and client‑facing workspaces; Located in North Oak Professional Park for a dedicated office condo setting
