Ground-Floor
For Sale
$239,999
8931 TOWN CENTER CIRCLE Unit 6-102, Upper Marlboro, MD 20774
A private balcony and lake outlook complement this home’s stair-free ground-floor access in a gated community.
Property Size955 SF
Price / SF$251.31
Days on Market37
Property Features for 8931 TOWN CENTER CIRCLE Unit 6-102
General Information
Standard status
Active
Size
955 SF
Elevators
No
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,308
Amenities
gated community
private balcony
Building Details
Building Size
955 SF
Year Built
1999
Listing Agency:
EXP Realty, LLC
Listed By:
John Kenneth William Turner · License #0225233344
(202) 297-3334
Source:
Districtpropertygroup
Added: Sep 23
Changed: Oct 27
Last Checked: Oct 26 at 4:14PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 955-square-foot condominium has two bedrooms and two bathrooms, with a ground-floor layout and private balcony facing the lake. Built in 1999, it is located within the gated Largo Town Center community. The interior is described as naturally lit and offers scope for customization.
The property is in Upper Marlboro, near Downtown Largo Metro Station, I-495, MD-202, grocery stores, restaurants, retail, and entertainment. The University of Maryland Capital Region Medical Center is also identified as part of the surrounding Largo context.
The property is in Upper Marlboro, near Downtown Largo Metro Station, I-495, MD-202, grocery stores, restaurants, retail, and entertainment. The University of Maryland Capital Region Medical Center is also identified as part of the surrounding Largo context.
Key Highlights
- Two bedrooms and two bathrooms in 955 square feet
- Ground‑floor unit with no stairs or elevator access required
- Private balcony with lake views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,857
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,140
$257.1K
Cap Rate 7%
$183,671
$183.7K
Cap Rate 9%
$142,856
$142.9K
Market Conditions
NOI Build-Up for 955 SF
Gross rent
$24.9K $26.04/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$23.4K $24.48/SF
− OpEx
−$10.5K −$11.01/SF
NOI
$12.9K $13.46/SF
Area
Prince George's County, MD
Vacancy
6.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,140
Cap Rate 7%
$183,671
Cap Rate 9%
$142,856
Alternative Uses
Best Use
Apartment 5plus
$183.7K
$160.7K – $214.3K
NOI $12,857 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$308.1K
$269.6K – $359.4K
NOI $21,566 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,060
Businesses Nearby
Explore this area
Business Placement
Demographics for 20774, MD
51,984
Population
21,747
Households
2.4
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
34.9 sq mi
ZIP Area
1,490
Density / Sq Mi
$128,392
Median Household Income
$67,098
Median Earnings
$2,213
Median Rent
$439,500
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A private balcony and lake outlook complement this home’s stair-free ground-floor access in a gated community.
Where is this residential income property located?
The property is located at 8931 TOWN CENTER CIRCLE Unit 6-102 Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $239,999.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 955 square feet; Ground‑floor unit with no stairs or elevator access required; Private balcony with lake views
