Two-Story Medical Office
4700 Erie Street College Park, MD 20740
4700 Erie Street, College Park, MD, 20740
$3,000,000
For Sale
$3,000,000
Two-story, fully sprinklered building with existing exam rooms, private offices, and a large indoor atrium on Route 1 frontage.
Property Size6,810 SF
Lot Size1.25 Acres
Price / SF$440.53
Days on Market67
Property Features for 4700 Erie Street
General Information
- Standard status
- Active
- Size
- 6,810 SF
- Lot size
- 1.25 Acres
- Property subtype
- Office
Listing agency
(301) 605-3846
Listed by
James F. Miers
(301) 605-3846
Source
Naiglobal
Added: May 17 Updated: Jul 22 at 2:07PM Checked: Jul 22 at 2:07PM
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 James F. Miers
Investment Insights
Based on property information with market context.
4700 Erie Street is a two-story medical office building totaling 6,810± square feet on a 1.25-acre parcel. The property has a long-term history as a health clinic, with an existing layout that includes exam rooms and private offices, plus a large indoor atrium. The building is fully sprinklered.
The site offers prominent Route 1 frontage at the intersection with Erie Street and includes an on-site parking lot of 0.3± acres. The property is zoned NAC (Neighborhood Activity Center), with suitability noted for continued medical use or conversion to other professional or institutional uses permitted under NAC zoning.
As presented, the configuration supports healthcare operations and also provides a usable base for professional or institutional redevelopment consistent with the zoning guidance.
The site offers prominent Route 1 frontage at the intersection with Erie Street and includes an on-site parking lot of 0.3± acres. The property is zoned NAC (Neighborhood Activity Center), with suitability noted for continued medical use or conversion to other professional or institutional uses permitted under NAC zoning.
As presented, the configuration supports healthcare operations and also provides a usable base for professional or institutional redevelopment consistent with the zoning guidance.
Key Highlights
- 6,810± SF two‑story building on a 1.25‑acre parcel in College Park, MD
- NAC zoning (Neighborhood Activity Center) with suitability for continued medical use or other permitted professional/institutional uses
- Existing exam rooms and private offices, previously used as a health clinic for ~15 years
Local 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 | $167.5k | $24.60 |
| − Vacancy | −$28.8k | −$4.23 |
| EGI | $138.7k | $20.37 |
| − OpEx | −$34.7k | −$5.09 |
| NOI | $104.0k | $15.28 |
6,810 SF · lease $24.60/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.49M
$1.30M – $1.73M
NOI $104,034 @ 7.0% cap · market cap 3.47%
Second Best
Healthcare Medical
$1.17M
$1.02M – $1.36M
NOI $81,820 @ 7.0% cap · market cap 2.73%
Theoretical Best
Specialty Retail
$2.20M
$1.92M – $2.56M
NOI $153,781 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pregnancy Aid Center
Physician
Similar For Sale Nearby
Similar Off Market Nearby
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FAQs
What type of property is this?
Medical Office Space - Two-story, fully sprinklered building with existing exam rooms, private offices, and a large indoor atrium on Route 1 frontage.
Where is this medical office space located?
The property is located at 4700 Erie Street College Park, MD.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 6,810± SF two‑story building on a 1.25‑acre parcel in College Park, MD; NAC zoning (Neighborhood Activity Center) with suitability for continued medical use or other permitted professional/institutional uses; Existing exam rooms and private offices, previously used as a health clinic for ~15 years
