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    Well-Maintained Office Building For Rent Title is generated by Realmo AI

    7050 Chesapeake Road, Landover Hills, MD 20706

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    For Lease
    $1,650/Mo $1.89 SF/Yr (calc)

    Office space in Chesapeake Office Park, near upcoming Purple Line.

    Type:Office
    Property size:
    10,500 SF
    Added:
    Nov 21, 2025
    Days on Market:
    183
    Last Refresh:
    Apr 5 at 10:29 pm

    Property Features for 7050 Chesapeake Road

    General Information

    Standard status
    Active
    Size
    10,500 SF
    Property subtype
    Office

    Spaces For Lease

    at 7050 Chesapeake Road Contact us

    We can help!

    Listing Contact
    Michael Isen

    Listing agent Michael Isen

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Michael Isen

    HighLights

    • Convenient location: 1/4 mile to upcoming Purple Line station and quick access to Capital Beltway and Route 50.
    • Located in a HUB Zone.
    • Part of a well‑maintained office park with on‑site management.
    • Close proximity to numerous dining, retail, and service options.
    • Easy access to New Carrollton train station (Metro, Amtrak, MARC).
    • Served by Metro Bus and Prince George's County's TheBus transit options.

    Overview

    7050 Chesapeake Road is a well-maintained office building featuring all-brick construction, situated within the extensively landscaped Chesapeake Office Park, which includes on-site management. The property is part of Chesapeake Office Park, conveniently located in a densely populated area along Annapolis Road. Located in a HUB zone, the property is close to numerous dining, retail and service options, and is situated approximately 1/4 mile away from the upcoming Purple Line station (Glenridge/Annapolis Road). 7050 Chesapeake Road offers convenient access to the Capital Beltway (I-495/I-95), the Baltimore-Washington Parkway (Route 295), and Route 50, as well as the New Carrollton train station, which provides Metro, Amtrak, and MARC service. The park is also accessible via Metro Bus and Prince George's County's TheBus transit options. The available office space is suitable for office use.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Landover Hills
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8472
    Latitude
    38.9695

    Nearby Similar for Lease

    • $1,675/Mo
      11,900 SF

      Well-Maintained Office Building For Lease

      Office building in Chesapeake Office Park, near upcoming Purple Line.
      7100 Chesapeake Road, Landover Hills, MD 20706
      View Details
    • Contact for pricing
      5,605 SF

      Retail Space in Landover Hills

      Retail spaces for lease in a busy daily needs center.
      7023-7041 Annapolis Rd, Landover Hills, MD
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    FAQs

    What type of property is this?
    Office units - Office space in Chesapeake Office Park, near upcoming Purple Line.
    Where is this office units located?
    The property is located at 7050 Chesapeake Road Landover Hills, MD.
    What is the lease rate?
    The lease rate is $1,650 /Mo.
    What are key features of this property?
    This property features: Convenient location: **1/4 mile to upcoming Purple Line station** and quick access to Capital Beltway and Route 50.; Located in a HUB Zone.; Part of a well‑maintained office park with on‑site management.
    (301) 918-2908
    We can help!
    Listing Contact
    Michael Isen
    Learn More
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    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.

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