Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4420 Mitchellville Rd Bowie, MD 20716-3112

    • Outlet malls
    • 24,344 SF
    • 2.24 lot acres
    OFF-MARKET
    Last Sale
    Jan 24, 2022
    $5,570,158
    Value Estimations
    $6,955,000
    Show details
    Cap Rate Potential
    8.4%
    Outlet malls
    Location Intelligence
    Property ID
    US40-1522021
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Big Lots / Discount Store / Furniture Store

    Property Details for 4420 Mitchellville Rd

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.24 lot acres
    Property size
    24,344 SF
    Zone code
    TACE
    Property type
    Outlet malls
    APN
    07-2976801
    APU
    72976801

    Description

    This 25,277 square foot former Big Lots retail space is ideally situated within the Bowie Gateway Center in Bowie, Maryland, zip code 20716. The property boasts a prime location off Route 50, conveniently positioned between Washington, D.C., and Annapolis, MD, offering exceptional accessibility and visibility. This big box space benefits from strong co-tenancy with established retailers such as Staples, Burlington, and Target, ensuring high foot traffic and a vibrant retail environment. Located in Prince George's County, the largest municipality in the county, this property provides access to a substantial consumer base. The site enjoys easy access from both Route 301 and Crain Highway, further enhancing its appeal to potential tenants. The address is 4420 Mitchellville Rd, Bowie, MD 20716. This property presents a unique opportunity for businesses seeking a prominent retail presence in a thriving market. The property type is retail, specifically a big box store. The building is located at 38.9502327 latitude and -76.7214769 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,545,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,115,000
      6.5%
      $8,415,000
      7%
      $7,815,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,038,000
      Market price range: $4.62M - $20.4M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bowie
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.7212
    Latitude
    38.9503
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $59,104
    $0.00
    $0.00
    $4,326,767
    -
    $1,707,500
    $3,782,200
    $5,489,700

    Comparable in this City

    • Value Estimation
      $1,035,000
      24,585 SF

      4511 Mitchellville Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 24,585 SF
      4511 Mitchellville Rd, Bowie, MD 20716-3108
      View Details
    • Value Estimation by Request
      124,984 SF

      4600 Mitchellville Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 124,984 SF
      4600 Mitchellville Rd, Bowie, MD 20716-3110
      View Details
    • Value Estimation by Request
      109,221 SF

      16520 Ballpark Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 109,221 SF
      16520 Ballpark Rd, Bowie, MD 20716-3684
      View Details
    • Value Estimation by Request
      42,728 SF

      4520 Mitchellville Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 42,728 SF
      4520 Mitchellville Rd, Bowie, MD 20716-3111
      View Details
    • Value Estimation
      $4,480,000
      11,024 SF

      4410 Mitchellville Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 11,024 SF
      4410 Mitchellville Rd, Bowie, MD 20716-3112
      View Details
    • Value Estimation by Request
      117,622 SF

      16500 Ballpark Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 117,622 SF
      16500 Ballpark Rd, Bowie, MD 20716-3684
      View Details

    Similar Nearby for Sale

    • $3,750,000
      8,533 SF

      Bowie Retail Investment Opportunity

      Freestanding retail property in Bowie, MD with established tenants.
      15704 Mount Oak Rd, Bowie, MD 20716
      View Details
    • $3,750,000
      8,533 SF

      Retail Investment Property For Sale

      Freestanding retail property with established tenants and immediate income.
      15700-15710 Mount Oak Rd, Bowie, MD 20716
      View Details
    • $700,000

      Workshop with Parking in Bowie

      Workshop with parking and growth potential in Bowie, Maryland.
      3502 Mitchellville Rd, Bowie, MD 20716
      View Details
    • $641,995

      Spacious End-Unit Home with Park View

      Move-in ready, end-unit home backing to future regional park.
      3453 Saint Robin Ln, Bowie, MD 20716
      View Details
    • $998,000

      Bowie Specialty Property for Sale

      Specialty property available in Bowie, Maryland.
      407 Mdw Crk Dr, Bowie, MD 20716
      View Details
    • $599,000

      Spacious End-Unit Home Near Park

      2823 sq ft end-unit home backing to future park.
      3439 Saint Robin Ln, Bowie, MD 20716
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      64,885 SF

      Retail Space Near Giant Food

      Retail property anchored by Giant Food and shadow-anchored by Walmart.
      3410-3570 NW Crain Hwy, Bowie, MD 20716
      View Details
    • Contact for pricing
      12,717 SF

      Retail Center in Hall Station

      Mixed-use development with retail and pad site for lease.
      15231 Hall Rd, Bowie, MD 20716
      View Details
    • Contact for pricing
      25,038 SF

      Retail Space in Bowie Town Center

      Retail space available in Bowie Town Center shopping mall.
      15402-15452 Emerald Way, Bowie, MD 20716
      View Details
    • Contact for pricing
      27,538 SF

      Bowie Town Center Retail Space

      Prime Bowie retail center, 27,538 SF available.
      15606 Emerald Way, Bowie, MD 20716
      View Details
    • Contact for pricing
      600,000 SF

      Bowie Retail & Entertainment Center

      New destination retail and entertainment center in Bowie, Maryland.
      700 Fairmont Ave, Bowie, MD 20716
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Bowie Center

      Retail space available in Bowie Town Center shopping destination.
      15407-15485 Excelsior Dr, Bowie, MD 20716
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4420 Mitchellville Rd
    Bowie, MD 20716-3112
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.