Multi-Suite Office
4315-4317 NORTHVIEW DRIVE, Bowie, MD 20716
For Sale
Contact for pricing
Two connected spaces provide private offices, meeting areas, reception, and kitchenettes.
Property Size2,113 SF
Price / SF$2.37
Days on Market52
Property Features for 4315-4317 NORTHVIEW DRIVE
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
W F Chesley Real Estate, LLC.
(301) 261-6700
Listed By:
Andrew J MacPherson · License MD IB42552
(301) 509-5169
Source:
Cummingsrealtors
Added: Sep 24
Changed: Nov 12
Last Checked: Nov 12 at 8:14AM
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 W F Chesley Real Estate, LLC.
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Investment Insights
Based on property information with market context.
The office property combines two spaces at 4315 and 4317 Northview Drive, totaling 2,113 square feet. The layout includes several private offices, conference areas, a reception area, two bathrooms, and two kitchenettes. The building was constructed in 1988.
Parking is available on site for visitors and staff. The property is located in Bowie, Maryland.
Parking is available on site for visitors and staff. The property is located in Bowie, Maryland.
Key Highlights
- Two spaces totaling 2,113 SF
- Several private offices and conference areas
- Reception area, 2 bathrooms, and 2 kitchenettes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,279
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,580
$645.6K
Cap Rate 7%
$461,129
$461.1K
Cap Rate 9%
$358,656
$358.7K
Market Conditions
NOI Build-Up for 2,113 SF
Gross rent
$52.0K $24.60/SF
− Vacancy
−$8.9K −$4.23/SF
EGI
$43.0K $20.37/SF
− OpEx
−$10.8K −$5.09/SF
NOI
$32.3K $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%
$645,580
Cap Rate 7%
$461,129
Cap Rate 9%
$358,656
Alternative Uses
Best Use
Office B
$461.1K
$403.5K – $538.0K
NOI $32,279 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$681.6K
$596.4K – $795.3K
NOI $47,715 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
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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
$405,900
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Prince George's County, MD
Properties on Market for Office Units in Prince George's County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two connected spaces provide private offices, meeting areas, reception, and kitchenettes.
Where is this office unit located?
The property is located at 4315-4317 NORTHVIEW DRIVE Bowie, MD.
What are key features of this property?
This property features: Two spaces totaling 2,113 SF; Several private offices and conference areas; Reception area, 2 bathrooms, and 2 kitchenettes
