Second-Floor Office Condominium
For Sale
$150,000
Pending
9520 MARLBORO PIKE #203, Upper Marlboro, MD 20772
Well-maintained second-floor office suite in a professional complex with ample parking and a flexible layout.
Property Size1,025 SF
Days on Market53
Property Features for 9520 MARLBORO PIKE #203
General Information
Standard status
Pending
Size
1,025 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1987
Listing Agency:
CENTURY 21 New Millennium
(240) 476-2860
Listed By:
DARNELL EATON
(240) 476-2860
Source:
Cummingsrealtors
Added: Jul 5
Changed: Aug 8
Last Checked: Jul 23 at 5:41AM
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 CENTURY 21 New Millennium
Investment Insights
Based on property information with market context.
This well-maintained second-floor commercial office condominium suite offers a flexible layout designed to support a range of professional and personal service uses. The space is positioned within a larger professional office complex, providing a convenient, professional setting for day-to-day operations.
The property is located at 9520 Marlboro Pike #203 in Upper Marlboro, Maryland, with access to MD-4 (Pennsylvania Avenue) and I-495, along with connectivity to major Prince George’s County destinations. The complex offers ample parking for clients and customers.
While prospective users are subject to association and local zoning requirements, the suite is described as suitable for a variety of professional services and medical or wellness-related practices.
The property is located at 9520 Marlboro Pike #203 in Upper Marlboro, Maryland, with access to MD-4 (Pennsylvania Avenue) and I-495, along with connectivity to major Prince George’s County destinations. The complex offers ample parking for clients and customers.
While prospective users are subject to association and local zoning requirements, the suite is described as suitable for a variety of professional services and medical or wellness-related practices.
Key Highlights
- Second‑floor commercial office condominium suite in a professional office complex
- Year built: 1987
- Well‑maintained, flexible layout suitable for a variety of professional and service businesses
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
$12,315
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
8.21%
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%
$246,300
$246.3K
Cap Rate 7%
$175,929
$175.9K
Cap Rate 9%
$136,833
$136.8K
Market Conditions
NOI Build-Up for 1,025 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
$25.2K $24.60/SF
− Vacancy
−$4.7K −$4.58/SF
EGI
$20.5K $20.02/SF
− OpEx
−$8.2K −$8.01/SF
NOI
$12.3K $12.01/SF
Area
Prince George's County, MD
Vacancy
18.60%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
40.00%
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%
$246,300
Cap Rate 7%
$175,929
Cap Rate 9%
$136,833
Alternative Uses
Best Use
Office B
$223.7K
$195.7K – $261.0K
NOI $15,659 @ 7.0% cap · market cap 10.44%
Second Best
Healthcare Medical
$175.9K
$153.9K – $205.3K
NOI $12,315 @ 7.0% cap · market cap 8.21%
Theoretical Best
Specialty Retail
$330.7K
$289.3K – $385.8K
NOI $23,146 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
Business Placement
Demographics for 20772, MD
51,395
Population
19,658
Households
2.6
Avg Household Size
41
Median Age
46%
College-Educated
94%
High-School Grad
72.5 sq mi
ZIP Area
709
Density / Sq Mi
$135,576
Median Household Income
$74,434
Median Earnings
$2,045
Median Rent
$443,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Well-maintained second-floor office suite in a professional complex with ample parking and a flexible layout.
Where is this office units located?
The property is located at 9520 MARLBORO PIKE #203 Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Second‑floor commercial office condominium suite in a professional office complex; Year built: 1987; Well‑maintained, flexible layout suitable for a variety of professional and service businesses
