Two-Story Flex
8208 GREY EAGLE DRIVE, Upper Marlboro, MD 20772
For Sale
Contact for pricing
Industrial-zoned property combines office areas with shop space, storage capacity, and a front lot under shared-site access requirements.
Property Size3,000 SF
Lot Size0.25 Acres
Price / SF$1.76
Days on Market54
Property Features for 8208 GREY EAGLE DRIVE
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Building Details
Year Built
Stories
Listing Agency:
Maryland Waterfront Properties LLC
(703) 628-1386
Listed By:
Steven M Songer Jr. · License #533396
(410) 279-7527
Source:
Cummingsrealtors
Added: Sep 17
Changed: Nov 8
Last Checked: Nov 8 at 6:46AM
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 Maryland Waterfront Properties LLC
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Investment Insights
Based on property information with market context.
This two-story flex property combines office and shop functionality within an industrial-zoned setting. The building includes multiple offices, a kitchen, two bathrooms, and a substantial lower level that can accommodate material storage, staging, or manufacturing activities. The property also includes the front lot, while rear occupants retain required ingress and egress across the shared site.
The overall property area is described as roughly 11,500 square feet on 0.25 acre, with 3,000 square feet also identified in the property data. Located at 8208 Grey Eagle Drive in Upper Marlboro, Maryland, the building was constructed in 1952. Industrial zoning is identified as IE.
The overall property area is described as roughly 11,500 square feet on 0.25 acre, with 3,000 square feet also identified in the property data. Located at 8208 Grey Eagle Drive in Upper Marlboro, Maryland, the building was constructed in 1952. Industrial zoning is identified as IE.
Key Highlights
- IE industrial zoning
- Two‑story building with multiple offices, kitchen, and 2 bathrooms
- Large lower level for material storage, staging, or manufacturing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,380
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,600
$667.6K
Cap Rate 7%
$476,857
$476.9K
Cap Rate 9%
$370,889
$370.9K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$54.0K $18.00/SF
− Vacancy
−$2.6K −$0.88/SF
EGI
$51.4K $17.12/SF
− OpEx
−$18.0K −$5.99/SF
NOI
$33.4K $11.13/SF
Area
Prince George's County, MD
Vacancy
4.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,600
Cap Rate 7%
$476,857
Cap Rate 9%
$370,889
Alternative Uses
Best Use
Warehouse
$825.2K
$722.1K – $962.7K
NOI $57,764 @ 7.0% cap · market cap 1,096.09%
Second Best
Industrial
$679.6K
$594.6K – $792.8K
NOI $47,570 @ 7.0% cap · market cap 902.66%
Theoretical Best
Specialty Retail
$967.8K
$846.8K – $1.13M
NOI $67,745 @ 7.0% cap · market cap 1,285.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Well-served
Demand for This Use
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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
$443,500
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Prince George's County, MD
Properties on Market for Flex space in Prince George's County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned property combines office areas with shop space, storage capacity, and a front lot under shared-site access requirements.
Where is this flex space located?
The property is located at 8208 GREY EAGLE DRIVE Upper Marlboro, MD.
What are key features of this property?
This property features: IE industrial zoning; Two‑story building with multiple offices, kitchen, and 2 bathrooms; Large lower level for material storage, staging, or manufacturing
