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    Lanham Industrial Facility For Lease Title is generated by Realmo AI

    4400 Hargrove Drive, Lanham, MD 20706

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    91,000 SF industrial facility with modern amenities in Lanham, MD.

    Type:Industrial
    Property size:
    91,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    177
    Last Refresh:
    Apr 5 at 10:29 pm

    Property Features for 4400 Hargrove Drive

    General Information

    Standard status
    Active
    Size
    91,000 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 4400 Hargrove Drive Contact us

    We can help!

    Listing Contact
    Peter Burleigh

    Listing agent Peter Burleigh

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Peter Burleigh

    HighLights

    • ±91,000 SF fully entitled industrial facility
    • 20 dock doors (10 with pit levelers) and 2 drive‑in doors
    • Benefit from 36' clear height
    • Strategic location with direct access to Route 50, close proximity to I‑495 and I‑95, and midpoint from two major airports
    • LEED® Silver Certification
    • 56' x 50' column spacing

    Overview

    Located at 4400 Hargrove Drive in Lanham, Maryland, this industrial facility offers approximately 91,000 square feet of space. The building includes 3,782 square feet of functional office space. The warehouse area features a 36' clear height and 56' x 50' column spacing. Loading and unloading are facilitated by 20 dock doors, including 10 equipped with pit levelers, and 2 drive-in doors. The facility is equipped with an ESFR system with K-25 sprinkler heads and a 7" thick, steel fiber-reinforced slab. Electrical capacity is 4,000 amps, and LED lighting is installed throughout. There are 72 car parking spaces, including 6 EV parking spaces. The property is targeting LEED® Silver Certification. The property is located in Prince George’s County, 6.8 miles from the Washington, D.C. line, with direct access to Route 50, one turn to I-495, and 10 miles to I-95. It is also located at the midpoint from BWI Thurgood Marshall Airport and Ronald Reagan Washington National Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • 9950 Business Parkway — 9950 Business Pkwy, Lanham, MD 20706
    • Self-Storage at U-Haul — 9800 Martin Luther King Jr Hwy, Lanham, MD 20706
    • Self Storage Plus — 4210 Parliament Pl, Lanham, MD 20706
    • Public Storage — 5201 Forbes Blvd, Lanham, MD 20706
    • Extra Space Storage — 10101 Martin Luther King Jr Hwy, Lanham, MD 20706

    Location Insight

    • Map
    • Local Demand
    City
    Lanham
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8406
    Latitude
    38.9495

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    FAQs

    What type of property is this?
    Warehouse - 91,000 SF industrial facility with modern amenities in Lanham, MD.
    Where is this warehouse located?
    The property is located at 4400 Hargrove Drive Lanham, MD.
    What are key features of this property?
    This property features: ±91,000 SF fully entitled industrial facility; 20 dock doors (10 with pit levelers) and 2 drive‑in doors; Benefit from **36' clear height**
    (301) 918-2913
    We can help!
    Listing Contact
    Peter Burleigh
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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