Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Professional Office Space Near Base Title is generated by Realmo AI

    5885 Allentown Rd #23, Suitland, MD 20746

    View on Map
    Claim this Listing
    For Lease
    $2,000 /Mo

    Renovated office space with private restroom and ample parking.

    Type:Commercial
    Added:
    Mar 31, 2026
    Days on Market:
    62
    Last Refresh:
    Apr 2 at 8:56 pm

    Property Features for 5885 Allentown Rd #23

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    MATENE M OKOYE

    Listing agent MATENE M OKOYE

    Listing office SOLD 100 REAL ESTATE, INC.

    Listing date Mar 31, 2026

    Source Corcoran

    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 SOLD 100 REAL ESTATE, INC.

    HighLights

    • Conveniently located across from Joint Base Andrews.
    • Renovated in 2018 with updated interiors.
    • Functional layout with private offices, reception area, and private restroom.
    • Ample parking available.
    • Easy access to major transportation routes.
    • Quiet setting for a professional and productive work environment.

    Overview

    Available for lease is an upper-level office space located in Park Place Professional Center, situated across from Joint Base Andrews. The second-floor suite includes private offices, a reception area, and a private restroom. The lower level is occupied by an attorney. The property was renovated in 2018 with updated interiors. Ample parking is available for tenants and clients. The tenant is responsible for 50% of the utilities. The location provides easy access to major transportation routes and offers a quiet setting suitable for a professional and productive work environment. This suite is designed to accommodate a variety of professional uses.
    Location Intelligence

    Current Use by Public Records

    Nadine Hungerford Accounting Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Suitland
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.9193
    Latitude
    38.8377

    Nearby Similar for Lease

    • $1,990/Mo

      Move-in Ready Commercial Space

      Updated salon/spa space near 495 and Andrews Air Force Base.
      6725 SUITLAND Road, SUITLAND, MD 20746
      View Details
    • $5,300/Mo
      3,550 SF

      Versatile Commercial Space Available

      Adaptable 3550 SF space suitable for diverse commercial uses.
      6715 SUITLAND Rd, Suitland, MD 20746
      View Details
    • $5,300/Mo
      3,550 SF

      Versatile Commercial Space Available

      Adaptable 3550 SF space suitable for diverse commercial uses.
      6715 Suitland Rd, SUITLAND, MD 20746
      View Details
    • $2,000/Mo

      Professional Office Space Near Andrews

      Second-floor office suite with private restroom and ample parking.
      5885 ALLENTOWN Rd 23, Suitland, MD 20746
      View Details
    • $3,000/Mo

      Turnkey Medical Suite For Rent

      Fully furnished medical office suite ready for immediate occupancy.
      5873 Allentown Rd #36, SUITLAND, MD 20746
      View Details
    • $1,990/Mo

      Move-in Ready Retail/Office Space

      Updated salon/spa space near 495 and Andrews Air Force Base.
      6725 Suitland Rd #203, SUITLAND, MD 20746
      View Details
    • $30 SF/Yr
      3,000 SF

      Prime Retail Space Available

      Retail space with high foot traffic in Suitland, MD.
      3405-3514 Bonita St, Suitland, MD
      View Details
    • Contact for pricing
      77,700 SF

      Spacious Warehouse with Secured Outdoor Storage

      77,700 SF warehouse with ample parking and outdoor storage.
      4501 Auth Pl, Suitland, MD
      View Details
    • Contact for pricing
      2,991 SF

      Retail Building with Drive-Thru Lanes

      2,991 SF retail building with two drive-thru lanes.
      3601 Saint Barnabas Rd, Suitland, MD
      View Details

    FAQs

    What type of property is this?
    Office units - Renovated office space with private restroom and ample parking.
    Where is this office units located?
    The property is located at 5885 Allentown Rd #23 Suitland, MD.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Conveniently located across from Joint Base Andrews.; Renovated in 2018 with updated interiors.; Functional layout with private offices, reception area, and private restroom.
    (301) 262-3060
    We can help!
    Listing Contact
    MATENE M OKOYE
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5885 Allentown Rd #23, SUITLAND, MD 20746
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!