New Industrial Building Near
For Sale
$9,400,000
6051 Fallard Dr, Upper Marlboro, MD 20772
Newly constructed 40,000 SF industrial building near Washington DC.
Property Size40,000 SF
Price / SF$235
Days on Market273
Property Features for 6051 Fallard Dr
General Information
Standard status
Active
Size
40,000 SF
Property subtype
Industrial
Building Details
Building Size
40,000 SF
Year Built
2025
Listing Agency:
NAI Michael
(301) 918-2924
Listed By:
Jeffrey D.K. Ludwig · License #26349
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 21 at 5:09AM
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 NAI Michael
Investment Insights
Based on property information with market context.
The property at 6051 Fallard Drive is a newly constructed industrial building totaling approximately 40,000 square feet on approximately 3.47 acres. The building features nine drive-in doors and abundant power. It also includes excess yard area suitable for outdoor storage or parking. The property is zoned IE (Industrial Employment). Located less than 20 minutes from Washington DC and near Joint Base Andrews, the site offers convenient access to the Capital Beltway (I-495), as well as Route 301, Route 4, and Route 5. This location is suitable for industrial and logistics users seeking to serve Maryland, DC, and northern Virginia.
Key Highlights
- Newly constructed 40,000± SF industrial building.
- Convenient access to major transportation routes: Capital Beltway (I‑495), Route 301, Route 4, and Route 5.
- Located less than 20 minutes from Washington DC and near Joint Base Andrews.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$770,182
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$15,403,640
$15.4M
Cap Rate 7%
$11,002,600
$11.0M
Cap Rate 9%
$8,557,578
$8.6M
Market Conditions
NOI Build-Up for 40,000 SF
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.
Gross rent
$1.03M $25.80/SF
− Vacancy
−$125.9K −$3.15/SF
EGI
$906.1K $22.65/SF
− OpEx
−$135.9K −$3.40/SF
NOI
$770.2K $19.25/SF
Area
Prince George's County, MD
Vacancy
12.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$15,403,640
Cap Rate 7%
$11,002,600
Cap Rate 9%
$8,557,578
Alternative Uses
Best Use
Warehouse
$11.00M
$9.63M – $12.84M
NOI $770,182 @ 7.0% cap · market cap 8.19%
Second Best
Industrial
$9.06M
$7.93M – $10.57M
NOI $634,267 @ 7.0% cap · market cap 6.75%
Theoretical Best
Specialty Retail
$12.90M
$11.29M – $15.05M
NOI $903,268 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 20772, MD
51,395
Population
19,658
Households
2.6
Avg Household Size
41
Median Age
46%
College-Educated
94%
High-School Grad
72.5 sq mi
ZIP Area
709
Density / Sq Mi
$135,576
Median Household Income
$74,434
Median Earnings
$2,045
Median Rent
$443,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Western Express Forwarding, LLC — 9900 Fallard Ct, Upper Marlboro, MD 20772
- North American Van Lines — 9900 Fallard Ct Suite 100, Upper Marlboro, MD 20772
Frequently Asked Questions
What type of property is this?
Warehouse - Newly constructed 40,000 SF industrial building near Washington DC.
Where is this warehouse located?
The property is located at 6051 Fallard Dr Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $9,400,000.
What are key features of this property?
This property features: Newly constructed 40,000± SF industrial building.; Convenient access to major transportation routes: Capital Beltway (I‑495), Route 301, Route 4, and Route 5.; Located less than 20 minutes from Washington DC and near Joint Base Andrews.
