Building Details

Building Size 9,183 SF

Listed By: Steve Catalano Show Phone

Source: Naimichael

Added: Jul 18 Changed: Oct 14 Last Checked: Oct 16 at 7:07AM

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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 Steve Catalano

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Investment Insights

Based on property information with market context.

This medical office condo suite features a traditional multi-office layout with a waiting area and reception room, four private offices, and a private bathroom. The space also includes separately metered utilities and offers 24-hour access.

The condo is available for sale or lease. A condo fee of approximately $200 per month is noted.

The suite totals approximately 942 square feet and is presented as an office condo configured for professional use.

Key Highlights

• Medical/office condo with a traditional multi‑office layout, approx. 942 SF
• Reception/waiting area plus four private offices
• Private bathroom included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,391

Cap Rate

5.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$287,820 $287.8K

Cap Rate 7%

$205,586 $205.6K

Cap Rate 9%

$159,900 $159.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 942 SF

Gross rent

$23.2K $24.60/SF

− Vacancy

−$4.0K −$4.23/SF

EGI

$19.2K $20.37/SF

− OpEx

−$4.8K −$5.09/SF

NOI

$14.4K $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%

$287,820

Cap Rate 7%

$205,586

Cap Rate 9%

$159,900

Alternative Uses

Best Use

Office B

$205.6K

$179.9K – $239.9K (±1% cap)

NOI $14,391 @ 7.0% cap · market cap 5.76%

Second Best

Healthcare Medical

$161.7K

$141.5K – $188.6K (±1% cap)

NOI $11,318 @ 7.0% cap · market cap 4.53%

Theoretical Best

Specialty Retail

$303.9K

$265.9K – $354.5K (±1% cap)

NOI $21,272 @ 7.0% cap · market cap 8.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Parking Lot & Garage Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

928

Businesses Nearby

Explore this area Business Placement

Demographics for 20785, MD

41,636

Population

16,202

Households

2.6

Avg Household Size

35

Median Age

30%

College-Educated

88%

High-School Grad

10.1 sq mi

ZIP Area

4,122

Density / Sq Mi

$83,690

Median Household Income

$45,595

Median Earnings

$1,764

Median Rent

$346,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Office units - Traditional multi-office layout with a reception area, four private offices, and a private bathroom.

Where is this office units located?

The property is located at 6132 Landover Road Cheverly, MD.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Medical/office condo with a traditional multi‑office layout, approx. 942 SF; Reception/waiting area plus four private offices; Private bathroom included