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    6411 Ivy Ln, Greenbelt, MD 20770

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    Modern office building with amenities and convenient transportation access.

    Type:Office
    Added:
    Sep 29, 2023
    Days on Market:
    981
    Last Refresh:
    May 12 at 10:49 pm

    Property Features for 6411 Ivy Ln

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Jose Flefil

    Listing agent Jose Flefil License #MD

    Listing office Morning Calm Advisors

    Listing date Sep 29, 2023

    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 Morning Calm Advisors

    HighLights

    • Multi‑million dollar renovation with modern lobby, elevators, restrooms, common areas, and exterior entrance.
    • Convenient location near Capital Beltway (I‑495) with quick access to DC, Baltimore, and Northern Virginia via major highways.
    • Private metro shuttle to Greenbelt station (Green and Yellow Lines, MARC, future Purple Line).
    • Comprehensive health programming including fitness center, classes, personal trainer, and wellness seminars.
    • On‑site amenities including conference center, multiple dining options, and outdoor community pavilion.
    • 24/7/365 access with Datawatch keycard systems and on‑site property management with engineers.

    Overview

    Located on Ivy Lane, 6411 is part of the Capital Office Park development, offering numerous amenities. The building has undergone a multi-million-dollar renovation, featuring a modern lobby, elevators, restrooms, common areas, and exterior entrance. Strategic amenities include a conference center and a private metro shuttle to the Greenbelt station. Health programming provides a fitness center with showers and locker rooms, weekly yoga and boot camp classes, an on-site personal trainer, and wellness seminars. Dining options include two newly renovated cafés, Tugwell’s Public House Restaurant, and a licensed Food Truck Hub with weekly local food truck service. Additional amenities feature executive garage parking and free surface parking, electric car charging stations, car-sharing service with Zipcar, an outdoor community pavilion, and 24/7/365 access with Datawatch keycard systems. The on-site Crowne Plaza has completed a $15M+ renovation with new conference facilities, banquet halls, dining, and guest rooms. An on-site property management team includes a team of engineers. The location provides access to DC, Baltimore, and Northern Virginia via I-495, I-95, Baltimore-Washington Parkway, I-270, and the Inter-County Connector (ICC). The Greenbelt Metro station is less than a mile away, offering access to the Metro Green and Yellow Lines, MARC Commuter Trains (Camden Line), and access to Montgomery County via the future Purple Line Light Rail. The buildings are also close to Baltimore/Washington International Airport (BWI), Ronald Reagan Washington Airport (DCA), and Washington Dulles International Airport (IAD). The property is adjacent to the US District Courthouse, the University of Maryland, and NASA Goddard Space Flight Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    R B Tax ... Accounting Firm Cipriani & Werner, P.C. Law Firm TRX Systems (Bike/Boat/Book/etc) Store International Code Design ... Corporate Office Robert C. Bonsib Law Firm

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Dental Office 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
    Greenbelt
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8941192
    Latitude
    39.0080518

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    FAQs

    What type of property is this?
    Office building - Modern office building with amenities and convenient transportation access.
    Where is this office building located?
    The property is located at 6411 Ivy Ln Greenbelt, MD.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Multi‑million dollar renovation with **modern lobby, elevators, restrooms, common areas, and exterior entrance.**; Convenient location near Capital Beltway (I‑495) with quick access to DC, Baltimore, and Northern Virginia via major highways.; Private metro shuttle to Greenbelt station (Green and Yellow Lines, MARC, future Purple Line).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jose Flefil
    Real Estate License ID: MD
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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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