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 Market92
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:
Premierehomegroup
Added: Jul 21
Changed: Oct 2
Last Checked: Oct 7 at 1:44PM
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
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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 / Yr
$21,234
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
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
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 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.
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Open Analytics
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Newly renovated office condo includes a large conference room, two offices, open cubicle space, kitchen, and half bath.
Where is this office unit 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
