Medical Office Condominium
7300 HANOVER DRIVE Unit 103 Greenbelt, MD 20770
New
7300 HANOVER DRIVE Unit 103, Greenbelt, MD, 20770
$650,900
For Sale
$650,900
Business condominium unit with six examination rooms, a doctor’s office with full bath, and separate electrical and WSSC service.
Property Size2,309 SF
Price / SF$281.90
Days on Market2
Property Features for 7300 HANOVER DRIVE Unit 103
General Information
- Standard status
- Active
- Size
- 2,309 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2009
Listing Agency
Great American Real Estate Inc
(240) 645-7907
Listed by
Emmanuel Nwude · License #100120
(240) 645-7907
Source
Xome
Added: Jul 17 Checked: Jul 18 at 2:20 am
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 Great American Real Estate Inc
Investment Insights
Based on property information with market context.
This business condominium unit is set up for medical use and includes six examination rooms, a doctor’s room or office with a full bath, and two additional kitchens or sink areas. The interior also features a waiting room for clients, a secretary room, and a hallway that leads to the examination rooms, along with two half baths.
Additional functional space includes a larger room for file documents, plus a designated lunch corner. The unit has its own high-voltage utility/electricity circuit breaker box and WSSC, which the seller notes may also support alternative use such as a religious facility.
Additional functional space includes a larger room for file documents, plus a designated lunch corner. The unit has its own high-voltage utility/electricity circuit breaker box and WSSC, which the seller notes may also support alternative use such as a religious facility.
Key Highlights
- Business condominium unit built in 2009 with setup for 6 examination rooms
- Includes a doctor’s room/office with a full bath plus separate waiting area and secretary room
- Flooring includes hardwood and laminate; central air cooling and heating included
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.8k | $24.60 |
| − Vacancy | −$9.8k | −$4.23 |
| EGI | $47.0k | $20.37 |
| − OpEx | −$11.8k | −$5.09 |
| NOI | $35.3k | $15.28 |
2,309 SF · lease $24.60/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$503.9K
$440.9K – $587.9K
NOI $35,274 @ 7.0% cap · market cap 5.42%
Second Best
Healthcare Medical
$396.3K
$346.8K – $462.4K
NOI $27,742 @ 7.0% cap · market cap 4.26%
Theoretical Best
Specialty Retail
$744.9K
$651.8K – $869.0K
NOI $52,141 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
greenbeltambulatory care centre
Medical Clinic
Neuro-Orthopedic Physical
Physician
Dr. Carlos Torres, ...
Physician
Washington Harris Group ...
Business Management Consultant
Center for Vascular Medicine ...
Medical Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Banfield Pet Hospital — 7475 Greenbelt Rd, Greenbelt, MD 20770
FAQs
What type of property is this?
Medical Office Space - Business condominium unit with six examination rooms, a doctor’s office with full bath, and separate electrical and WSSC service.
Where is this medical office space located?
The property is located at 7300 HANOVER DRIVE Unit 103 Greenbelt, MD.
What is the asking price?
The asking price for this property is $650,900.
What are key features of this property?
This property features: Business condominium unit built in 2009 with setup for 6 examination rooms; Includes a doctor’s room/office with a full bath plus separate waiting area and secretary room; Flooring includes hardwood and laminate; central air cooling and heating included
