Medical Office with Six
For Sale
Contact for pricing
9510 LANHAM SEVERN RD, Lanham, MD 20706
Former dental practice with medical-grade infrastructure and additional space for expansion.
Property Size3,060 SF
Price / SF$222.22
Days on Market10
Property Features for 9510 LANHAM SEVERN RD
General Information
Standard status
Active
Size
3,060 SF
Property subtype
Office
Additional Details
Public Transit
Yes
Building Details
Year Renovated
2020
Buildings
1
Building Size
3,060 SF
Listing Agency:
The Home Team Realty Group
Listed By:
Charleese Hasan · License #5010380
(314) 239-9099
Source:
Crexi
Added: Sep 14
Changed: Sep 19
Last Checked: Sep 22 at 3:46PM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,746
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$934,920
$934.9K
Cap Rate 7%
$667,800
$667.8K
Cap Rate 9%
$519,400
$519.4K
Market Conditions
NOI Build-Up for 3,060 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $46,746 @ 7.0% cap · market cap 6.87%
Second Best
Healthcare Medical
$525.2K
$459.6K – $612.8K
NOI $36,765 @ 7.0% cap · market cap 5.41%
Theoretical Best
Specialty Retail
$987.1K
$863.8K – $1.15M
NOI $69,100 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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
