Medical Office Condo
For Sale
$250,000
6132 Landover Road, Cheverly, MD 20785
Traditional multi-office layout with a reception area, four private offices, and a private bathroom.
Property Size9,183 SF
Price / SF$265.39
Days on Market46
Property Features for 6132 Landover Road
General Information
Standard status
Active
Size
9,183 SF
Property subtype
Office
Building Details
Building Size
9,183 SF
Listing Agency:
(301) 646-9310
Listed By:
Steve Catalano
(301) 646-9310
Source:
Naimichael
Added: Jul 18
Changed: Aug 28
Last Checked: Sep 1 at 3:49PM
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
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.
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 = 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
$14,391
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
5.76%
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%
$287,820
$287.8K
Cap Rate 7%
$205,586
$205.6K
Cap Rate 9%
$159,900
$159.9K
Market Conditions
NOI Build-Up for 942 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
$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 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%
$287,820
Cap Rate 7%
$205,586
Cap Rate 9%
$159,900
Alternative Uses
Best Use
Office B
$205.6K
$179.9K – $239.9K
NOI $14,391 @ 7.0% cap · market cap 5.76%
Second Best
Healthcare Medical
$161.7K
$141.5K – $188.6K
NOI $11,318 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$303.9K
$265.9K – $354.5K
NOI $21,272 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
