9510 LANHAM SEVERN RD, Lanham, MD 20706

Building Details

Year Renovated 2020 More

Buildings 1 More

Building Size 3,060 SF More

Listing Agency: The Home Team Realty Group

Listed By: Charleese Hasan · License #5010380 Show Phone

Source: Crexi

Added: Sep 14 Changed: Nov 6 Last Checked: Nov 6 at 7:54AM

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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 The Home Team Realty Group

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Investment Insights

Based on property information with market context.

This 3,060-square-foot medical office building was previously configured for dental use and includes six operational operatories. Medical-grade plumbing and electrical systems are in place, supporting the property’s existing clinical layout. The upper level provides space for four additional operatories, creating room to expand the practice configuration. The roof and HVAC systems were replaced in 2020.

The property is located across from a Metro station along a high-traffic corridor, providing direct access to public transportation and prominent corridor exposure. Its existing dental infrastructure, multiple operator areas, and upper-level expansion space support continued medical office use, subject to verification of permitted uses and expansion requirements.

Key Highlights

• 3,060‑square‑foot medical office building
• Six operational operatories with medical‑grade plumbing and electrical infrastructure
• Upper level has space for four additional operatories

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,746

Cap Rate

6.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$934,920 $934.9K

Cap Rate 7%

$667,800 $667.8K

Cap Rate 9%

$519,400 $519.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,060 SF

Gross rent

$75.3K $24.60/SF

− Vacancy

−$12.9K −$4.23/SF

EGI

$62.3K $20.37/SF

− OpEx

−$15.6K −$5.09/SF

NOI

$46.7K $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%

$934,920

Cap Rate 7%

$667,800

Cap Rate 9%

$519,400

Alternative Uses

Best Use

Office B

$667.8K

$584.3K – $779.1K (±1% cap)

NOI $46,746 @ 7.0% cap · market cap 6.87%

Second Best

Healthcare Medical

$525.2K

$459.6K – $612.8K (±1% cap)

NOI $36,765 @ 7.0% cap · market cap 5.41%

Theoretical Best

Specialty Retail

$987.1K

$863.8K – $1.15M (±1% cap)

NOI $69,100 @ 7.0% cap · market cap 10.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Dentures-4-Less Dental Office Dr. Keith Theodore Dental Office Seabrook Family Dental Dental Office

Suggested Use

Top Pick Skin Care Clinic Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

488

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 20706, MD

43,623

Population

13,799

Households

3.2

Avg Household Size

36

Median Age

34%

College-Educated

83%

High-School Grad

10.0 sq mi

ZIP Area

4,362

Density / Sq Mi

$100,061

Median Household Income

$44,032

Median Earnings

$1,797

Median Rent

$408,600

Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Prince George's County, MD

$682 Jul

$574 Aug

$608 Sep

$593 Oct

Properties on Market for Medical Office Space in Prince George's County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Former dental practice with medical-grade infrastructure and additional space for expansion.

Where is this medical office space located?

The property is located at 9510 LANHAM SEVERN RD Lanham, MD.

What is the asking price?

The asking price for this property is $680,000.

What are key features of this property?

This property features: 3,060‑square‑foot medical office building; Six operational operatories with medical‑grade plumbing and electrical infrastructure; Upper level has space for four additional operatories