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    8401 Corporate Dr Greater Landover, MD 20785

    Sponsored
    For Lease
    $18 SF/Yr

    Prime Landover Office, Multiple Suites

    Lot size:
    111,437 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This Class B office building, located at 8401 Corporate Drive in Greater Landover, Maryland, offers 111,437 square feet of space across one six-story building. The property features multiple tenancy options, with available suites ranging from 1,114 to 6,481 square feet. Amenities include renovated elevators, a fitness center, on-site café and Subway restaurant, and new conference facilities. Full-service leases are available for smaller suites (under 1,500 sq ft), encompassing utilities, nightly janitorial services, and maintenance. The building boasts prominent penthouse signage opportunities and ample free parking. Its strategic location at the intersection of Route 50 and the Capital Beltway, adjacent to the New Carrollton Metro station, provides exceptional accessibility. A shuttle service to the New Carrollton Station (Amtrak and Metro Orange Line) further enhances commuting convenience. The surrounding area offers a variety of dining, retail, and lodging options, including New Carrollton Town Center, Starbucks, Dunkin', Walmart, and FedEx Field. The property enjoys excellent proximity to Downtown DC (10 miles), Reagan National Airport (15 miles), and Baltimore (36 miles). Located in a qualified HUBZone, this property presents a compelling opportunity for businesses seeking a well-amenitized and conveniently located office space in the Baltimore-Washington corridor. On-site property management, maintenance, and security staff ensure a seamless tenant experience.

    Property Features for 8401 Corporate Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    111,437 SF
    Class
    B
    Total Rate
    167155.5

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    5,148 SF
    Rate per SF
    $22
    Space
    1st Floor
    Size
    6,481 SF
    Rate per SF
    $22
    Space
    3rd Floor
    Size
    2,807 SF
    Rate per SF
    $22

    HighLights

    • Class B, six‑story office building totaling 111,437 square feet in Greater Landover, MD, offering suites from 1,114 to 6,481 square feet.
    • Building amenities include renovated elevators, fitness center, on‑site café and Subway, and new conference facilities; full‑service leases available for suites under 1,500 square feet.
    • Excellent location at Route 50 and Capital Beltway, near New Carrollton Metro station with shuttle service; ample free parking and prominent penthouse signage.
    • Prime location near New Carrollton Town Center, offering easy access to DC, Reagan National Airport, Baltimore, and major roadways; situated in a HUBZone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greater Landover
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8623185
    Latitude
    38.9463538

    Nearby Comparable

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    Nearby Similar for Lease

    • $22 SF/Yr
      194,294 SF

      Landover Office Space Available

      Class A Office, Prime Location, 8 Suites Available
      8201 Corporate Dr, Greater Landover, MD 20785
      View Details
    • Contact for pricing
      48,404 SF

      Hyattsville Warehouse: 48,404 SF

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      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Landover Office, Multiple Suites
    Where is this office property / space located?
    The property is located at 8401 Corporate Dr Greater Landover, MD.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Class B, six-story office building totaling 111,437 square feet in Greater Landover, MD, offering suites from 1,114 to 6,481 square feet.; Building amenities include renovated elevators, fitness center, on-site café and Subway, and new conference facilities; full-service leases available for suites under 1,500 square feet.; Excellent location at Route 50 and Capital Beltway, near New Carrollton Metro station with shuttle service; ample free parking and prominent penthouse signage.
    Request Owner's contact information
    8401 Corporate Dr Greater Landover, MD 20785
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    Greater Landover, MD 20785
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    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
    8401 Corporate Dr Greater Landover, MD 20785
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