Renovated Office Condo
For Sale
$275,000
8900 Edgeworth Drive U, Capitol Heights, MD 20743
Newly renovated office condo includes a large conference room, two offices, open cubicle space, kitchen, and half bath.
Property Size1,390 SF
Price / SF$197.84
Days on Market47
Property Features for 8900 Edgeworth Drive U
General Information
Standard status
Active
Size
1,390 SF
Building Details
Year Built
1982
Listing Agency:
Taylor Properties
Listed By:
Antonette Price Umaru
(585) 957-0819
Source:
Kandorre
Added: Jul 21
Changed: Aug 17
Last Checked: Sep 4 at 10:48AM
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 Taylor Properties
Investment Insights
Based on property information with market context.
This newly renovated commercial office condo suite offers a practical layout for everyday work. The space features a large conference room, two private offices, an open area with two cubicle stations, plus a kitchen and a half bath.
Located at 8900 Edgeworth Drive U in Capitol Heights, Maryland, the property is presented for sale as a condo unit within the 8900 Edgeworth Dr. Condos.
The interior configuration supports both meetings and day-to-day office operations, combining dedicated private rooms with an open workstation area.
Located at 8900 Edgeworth Drive U in Capitol Heights, Maryland, the property is presented for sale as a condo unit within the 8900 Edgeworth Dr. Condos.
The interior configuration supports both meetings and day-to-day office operations, combining dedicated private rooms with an open workstation area.
Key Highlights
- Newly renovated commercial office condo
- Year built: 1982
- Large conference room plus two offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,234
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,680
$424.7K
Cap Rate 7%
$303,343
$303.3K
Cap Rate 9%
$235,933
$235.9K
Market Conditions
NOI Build-Up for 1,390 SF
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.
Gross rent
$34.2K $24.60/SF
− Vacancy
−$5.9K −$4.23/SF
EGI
$28.3K $20.37/SF
− OpEx
−$7.1K −$5.09/SF
NOI
$21.2K $15.28/SF
Area
Prince George's County, MD
Vacancy
17.20%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,680
Cap Rate 7%
$303,343
Cap Rate 9%
$235,933
Alternative Uses
Best Use
Office B
$303.3K
$265.4K – $353.9K
NOI $21,234 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$448.4K
$392.4K – $523.2K
NOI $31,389 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
Explore this area
Business Placement
Demographics for 20743, MD
40,709
Population
16,521
Households
2.5
Avg Household Size
38
Median Age
23%
College-Educated
86%
High-School Grad
9.6 sq mi
ZIP Area
4,241
Density / Sq Mi
$76,332
Median Household Income
$47,762
Median Earnings
$1,614
Median Rent
$317,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Newly renovated office condo includes a large conference room, two offices, open cubicle space, kitchen, and half bath.
Where is this office units located?
The property is located at 8900 Edgeworth Drive U Capitol Heights, MD.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Newly renovated commercial office condo; Year built: 1982; Large conference room plus two offices
