11-Unit Office Condominium
For Sale
Contact for pricing
9620 Marlboro Pike, Upper Marlboro, MD 20772
Fully leased office condominium portfolio with dedicated HVAC, water heaters, and restrooms in every unit.
Property Size12,559 SF
Price / SF$139.34
Days on Market115
Property Features for 9620 Marlboro Pike
General Information
Standard status
Active
Size
12,559 SF
Class
B
Property subtype
Office
Zoning
CGO
Occupancy
100%
Lease Type
Modified Gross
Additional Details
Office Units
11
Building Details
Units
11
Tenancy
Multi
Listing Agency:
Friend Commercial Real Estate
Listed By:
Eugenia Antonis · License #11055017491
Source:
Crexi
Added: Jun 25
Changed: Oct 7
Last Checked: Oct 16 at 6:50AM
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 Friend Commercial Real Estate
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Investment Insights
Based on property information with market context.
This office condominium portfolio includes 11 units totaling 12,559 square feet within the Melwood condominium complex. The units receive abundant natural light through numerous windows and skylights, and each has a dedicated HVAC closet, water heater, and restroom. The property is zoned CGO.
The portfolio is 100% leased to a mix of healthcare providers, general office users, and salon operators. The complex is located at 9620 Marlboro Pike in Upper Marlboro, within the economic corridor connecting Pennsylvania Avenue and Westphalia.
The portfolio is 100% leased to a mix of healthcare providers, general office users, and salon operators. The complex is located at 9620 Marlboro Pike in Upper Marlboro, within the economic corridor connecting Pennsylvania Avenue and Westphalia.
Key Highlights
- 11‑unit office condominium portfolio totaling 12,559 square feet
- 100% leased to healthcare, general office, and salon users
- Each unit includes an HVAC closet, water heater, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,892
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,017,840
$3.0M
Cap Rate 7%
$2,155,600
$2.2M
Cap Rate 9%
$1,676,578
$1.7M
Market Conditions
NOI Build-Up for 12,559 SF
Gross rent
$309.0K $24.60/SF
− Vacancy
−$57.5K −$4.58/SF
EGI
$251.5K $20.02/SF
− OpEx
−$100.6K −$8.01/SF
NOI
$150.9K $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 Rate 5%
$3,017,840
Cap Rate 7%
$2,155,600
Cap Rate 9%
$1,676,578
Alternative Uses
Best Use
Office B
$2.74M
$2.40M – $3.20M
NOI $191,859 @ 7.0% cap · market cap 10.96%
Second Best
Healthcare Medical
$2.16M
$1.89M – $2.51M
NOI $150,892 @ 7.0% cap · market cap 8.62%
Theoretical Best
Specialty Retail
$4.05M
$3.55M – $4.73M
NOI $283,604 @ 7.0% cap · market cap 16.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
11
Office units
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
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
Frequently Asked Questions
What type of property is this?
Office units - Fully leased office condominium portfolio with dedicated HVAC, water heaters, and restrooms in every unit.
Where is this office units located?
The property is located at 9620 Marlboro Pike Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 11‑unit office condominium portfolio totaling 12,559 square feet; 100% leased to healthcare, general office, and salon users; Each unit includes an HVAC closet, water heater, and restroom
