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    Lanham Mixed-Use Investment Opportunity Title is generated by Realmo AI

    4380 Forbes Blvd, Lanham, MD 20706

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    115,831 sqft mixed-use property on 5.52 acres for sale.

    Type:Mixed Use, Office, Special Purpose
    Property size:
    115,831 SF
    Lot size:
    5.52 Acres
    Added:
    Sep 11, 2024
    Days on Market:
    633
    Last Refresh:
    May 13 at 8:22 pm

    Property Features for 4380 Forbes Blvd

    General Information

    Standard status
    Active
    Size
    115,831 SF
    Lot size
    5.52 Acres
    Property subtype
    Mixed Use, Office, Special Purpose

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Ken Griffin
    Ken Griffin

    Listing agent Ken Griffin License #510886

    Listing office Friend Commercial Real Estate

    Listing date Sep 11, 2024

    Source Crexi

    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 Friend Commercial Real Estate

    HighLights

    • Expansive 115,831 sqft property on 5.52 acres, suitable for owner‑users or investors.
    • Excellent location with easy access to the Beltway and major transportation routes (I‑495/I‑95 & Rt. 50).
    • Two buildings (53,350 sqft and 62,481 sqft) connected by a party wall offering office and flex space.
    • Zoned I‑E, allowing for a variety of uses.
    • Additional rental income from two National Credit tenants representing approximately 30% of the RBA.
    • Close proximity to MD‑193 (Greenbelt Rd) & New Carrolton Metro Station.

    Overview

    Located at 4380 & 4400 FORBES BLVD, LANHAM, MD 20706, this property offers 115,831 sqft of space on a 5.52-acre campus. The site includes two buildings connected by a party wall: 4400 with 53,350 sqft and 4380 with 62,481 sqft, offering office and flex space respectively. The property is zoned I-E and is located less than half a mile from I-495/I-95 & Rt. 50, and is close to MD-193 (Greenbelt Rd) & New Carrolton Metro Station. The property is suitable for owner-users or investors. The location provides convenient access to the Beltway and major transportation routes. Approximately 30% of the RBA is represented by two National Credit tenants, providing additional rental income.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lanham
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8327777
    Latitude
    38.9496292

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    FAQs

    What type of property is this?
    Mixed-use property - 115,831 sqft mixed-use property on 5.52 acres for sale.
    Where is this mixed-use property located?
    The property is located at 4380 Forbes Blvd Lanham, MD.
    What are key features of this property?
    This property features: Expansive 115,831 sqft property on 5.52 acres, suitable for owner‑users or investors.; Excellent location with easy access to the Beltway and major transportation routes (I‑495/I‑95 & Rt. 50).; Two buildings (53,350 sqft and 62,481 sqft) connected by a party wall offering office and flex space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ken Griffin
    Ken Griffin
    Real Estate License ID: 510886
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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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