Class A Office, Prime Location, 8 Suites Available
Lot size:
194,294 SF
Description
Added:
Dec 11, 2024
Days on Market:
402
This exceptional Class A office building, located at 8201 Corporate Drive in Landover, Maryland's Carrollton Corporate Center, offers 8 immediately available suites ranging from 982 to 14,248 square feet within a 194,294 square foot, 12-story building. Situated at the intersection of Route 50 and the Capital Beltway, with direct access to the New Carrollton Metro station, this property boasts unparalleled accessibility in the Baltimore-Washington corridor. The building features newly renovated amenities including a multi-purpose conference center, on-site café and Subway restaurant, a fitness center, and fully modernized elevators. On-site property management, maintenance, and security ensure a seamless tenant experience. Located in a qualified HUBZone, the building offers full-service leases (including utilities, nightly janitorial services, and maintenance) for smaller suites under 1,500 square feet. Large tenants can benefit from prominent penthouse signage visible to over 113,000 vehicles daily on Route 50 and 226,000 on the Capital Beltway. Ample free parking, easy highway access, and a shuttle to the New Carrollton Station (Amtrak and Metro Orange Line) provide convenient commuting options. Nearby amenities include New Carrollton Town Center, Starbucks, Dunkin', Walmart, and FedEx Field. The property enjoys convenient proximity to Downtown DC (10 miles), Reagan National Airport (15 miles), and Baltimore (36 miles).
Property Features for 8201 Corporate Dr
General Information
Property type
Office Properties & Spaces
Lease Type
Gross Lease
RSF (Rentable sq. ft)
194,294 SF
Class
A
Total Rate
356205.67
Building Details
Buildings
1
Stories
12
Unit(s) available at that property
Space
1st Floor
Size
4,767 SF
Rate per SF
$25
Space
2nd Floor
Size
14,248 SF
Rate per SF
$25
Space
3rd Floor
Size
8,299 SF
Rate per SF
$25
Space
5th Floor
Size
4,112 SF
Rate per SF
$25
Space
7th Floor
Size
1,636 SF
Rate per SF
$22
Space
6th Floor
Size
1,859 SF
Rate per SF
$25
Space
8th Floor
Size
6,396 SF
Rate per SF
$25
Space
12th Floor
Size
1,073 SF
Rate per SF
$25
We can help!
Listing Contact
Jose Flefil
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Property Insight Report
HighLights
Class A, 12‑story office building totaling 194,294 square feet.
Multiple tenancies available, ranging from 982 to 14,248 square feet.
Located in Landover, Prince George's County, MD, at the intersection of Route 50 and the Capital Beltway, adjacent to the New Carrollton Metro.
Building amenities include a renovated fitness center, updated elevators, on‑site café and Subway, conference facilities, and ample on‑site parking.
Convenient access to major highways, public transportation (including a shuttle to New Carrollton Station), and nearby amenities such as New Carrollton Town Center, and major retailers.
Office Property / Space - Class A Office, Prime Location, 8 Suites Available
Where is this office property / space located?
The property is located at 8201 Corporate Dr Greater Landover, MD.
What is the lease rate?
The lease rate is $22-$25 SF/Yr.
What are key features of this property?
This property features: Class A, 12-story office building totaling 194,294 square feet.; Multiple tenancies available, ranging from 982 to 14,248 square feet.; Located in Landover, Prince George's County, MD, at the intersection of Route 50 and the Capital Beltway, adjacent to the New Carrollton Metro.
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8201 Corporate Dr Greater Landover, MD 20785
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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.
More about this property
8201 Corporate Dr Greater Landover, MD 20785
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8201 Corporate Dr, Greater Landover, MD
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8201 Corporate Dr, Greater Landover, MD
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Listing Contact
Jose Flefil
Real Estate License ID: MD
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