End-Unit Office
New
For Sale
Contact for pricing
5623 ALLENTOWN ROAD #203, Suitland, MD 20746
A second-floor layout includes two rooms, an open area, and a separate private office.
Property Size812 SF
Price / SF$2.71
Days on Market4
Property Features for 5623 ALLENTOWN ROAD #203
General Information
Standard status
Active
Size
812 SF
Property subtype
Commercial
Additional Details
Floor
2
Building Details
Year Built
1985
Listing Agency:
Buchanan Realty
(240) 922-1215
Listed By:
Andrew Buchanan · License #IBF40000100
(202) 558-8288
Source:
Cummingsrealtors
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:43PM
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 Buchanan Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor office unit is configured with two rooms, a large open area, and a smaller private office. As an end unit, it has windows facing the parking lot and Allenntown Road. Access is by a concrete staircase and covered walkway; the building dates to 1985.
Across from Andrews Air Force Base, the property is near shopping centers, dining options, and recreational facilities. A large dedicated parking lot serves the property.
Across from Andrews Air Force Base, the property is near shopping centers, dining options, and recreational facilities. A large dedicated parking lot serves the property.
Key Highlights
- Second‑floor end unit with two rooms, a large open area, and a smaller private office
- Access via a concrete staircase and covered walkway
- Office faces the parking lot and Allenntown Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,405
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,100
$248.1K
Cap Rate 7%
$177,214
$177.2K
Cap Rate 9%
$137,833
$137.8K
Market Conditions
NOI Build-Up for 812 SF
Gross rent
$20.0K $24.60/SF
− Vacancy
−$3.4K −$4.23/SF
EGI
$16.5K $20.37/SF
− OpEx
−$4.1K −$5.09/SF
NOI
$12.4K $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%
$248,100
Cap Rate 7%
$177,214
Cap Rate 9%
$137,833
Alternative Uses
Best Use
Office B
$177.2K
$155.1K – $206.8K
NOI $12,405 @ 7.0% cap · market cap 563.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$261.9K
$229.2K – $305.6K
NOI $18,336 @ 7.0% cap · market cap 833.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 20746, MD
31,635
Population
14,075
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
93%
High-School Grad
7.6 sq mi
ZIP Area
4,163
Density / Sq Mi
$78,391
Median Household Income
$54,930
Median Earnings
$1,735
Median Rent
$325,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A second-floor layout includes two rooms, an open area, and a separate private office.
Where is this office unit located?
The property is located at 5623 ALLENTOWN ROAD #203 Suitland, MD.
What are key features of this property?
This property features: Second‑floor end unit with two rooms, a large open area, and a smaller private office; Access via a concrete staircase and covered walkway; Office faces the parking lot and Allenntown Road
