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    4380 Forbes Blvd Lanham, MD 20706

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    For Sale
    Contact for pricing

    115,831 SF Mixed-Use Investment Opportunity

    Property size:
    115,831 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Lanham, Maryland property presents a compelling investment opportunity for owner-users or value-add investors. The 115,831 square foot campus, situated on 5.52 acres, comprises two buildings totaling 115,831 square feet. Building 4400 offers 53,350 square feet, while Building 4380 provides 62,481 square feet of flexible office space. Currently, the property boasts 30% occupancy, with two national credit tenants contributing to existing rental income. The property features 18-foot ceilings, eight dock-high doors, and one loading dock, enhancing its functionality and appeal. Built in 1984, this Class B property is zoned I-E, providing versatility for various uses. Its strategic location offers convenient access to major transportation arteries, including I-495/I-95, Route 50, MD-193 (Greenbelt Road), and the New Carrollton Metro Station, ensuring excellent connectivity. This prime location, combined with the substantial square footage and existing income stream, makes this a rare and attractive investment prospect. The two-story buildings are connected by a party wall. This property offers significant potential for redevelopment and increased profitability. The property's size and location make it ideal for a variety of uses, from creative office spaces to light industrial applications.

    Property Features for 4380 Forbes Blvd

    General Information

    Property type
    Office space
    Square Feet
    115,831 SF
    Class
    B
    Lot Size
    240,451 SF

    Building Details

    Year Built
    1984
    Buildings
    2
    Stories
    2

    HighLights

    • 115,831 SF multi‑tenant office campus on 5.52 acres in Lanham, MD.
    • Two buildings totaling 115,831 SF (Building 4400: 53,350 SF, Building 4380: 62,481 SF).
    • 30% occupancy with two national credit tenants.
    • Features 18' ceilings, eight dock‑high doors, and one loading dock.
    • Class B property, built in 1984, zoned I‑E, with excellent access to major transportation arteries including I‑495/I‑95, Route 50, MD‑193, and New Carrollton Metro.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -76.8330055
    Latitude
    38.9496408

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    FAQs

    What type of property is this?
    Office space - 115,831 SF Mixed-Use Investment Opportunity
    Where is this office space located?
    The property is located at 4380 Forbes Blvd Lanham, MD.
    What are key features of this property?
    This property features: 115,831 SF multi-tenant office campus on 5.52 acres in Lanham, MD.; Two buildings totaling 115,831 SF (Building 4400: 53,350 SF, Building 4380: 62,481 SF).; 30% occupancy with two national credit tenants.
    Request Owner's contact information
    4380 Forbes Blvd Lanham, MD 20706
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4380 Forbes Blvd Lanham, MD 20706
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