Medical Office Condos
For Sale
$1,119,000
9692-9696 Marlboro Pike, Upper Marlboro, MD 20772
Portfolio of three fully leased medical office condos for sale.
Property Size3,300 SF
Price / SF$339.09
Days on Market318
Property Features for 9692-9696 Marlboro Pike
General Information
Standard status
Active
Size
3,300 SF
Class
B
Property subtype
Office
Building Details
Building Size
3,300 SF
Year Built
1998
Listing Agency:
NAI Michael
Listed By:
Marcus N. Daniels · License #660771
(301) 597-9504
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Sep 9
Last Checked: Oct 4 at 8:46AM
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 NAI Michael
Investment Insights
Based on property information with market context.
This portfolio features three medical office condos totaling 3,300 square feet. Constructed in 1998, the condos are zoned C-G-O (Commercial, General, and Office) and are situated in the growing economic corridor of Pennsylvania Avenue and Westphalia. The location provides convenient access to I-95/495 and Pennsylvania Avenue (Route 4). The property is near shopping, dining, and the Largo Town Center Metro. The condos are fully leased, presenting an opportunity for investors or users seeking to own a medical building.
Key Highlights
- Portfolio of 3 Medical Office Condos
- 100% Leased
- Convenient location near I‑95/495 and Pennsylvania Avenue (Route 4)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,413
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,260
$1.0M
Cap Rate 7%
$720,186
$720.2K
Cap Rate 9%
$560,144
$560.1K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$81.2K $24.60/SF
− Vacancy
−$14.0K −$4.23/SF
EGI
$67.2K $20.37/SF
− OpEx
−$16.8K −$5.09/SF
NOI
$50.4K $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%
$1,008,260
Cap Rate 7%
$720,186
Cap Rate 9%
$560,144
Alternative Uses
Best Use
Office B
$720.2K
$630.2K – $840.2K
NOI $50,413 @ 7.0% cap · market cap 4.51%
Second Best
Healthcare Medical
$566.4K
$495.6K – $660.8K
NOI $39,648 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$1.06M
$931.5K – $1.24M
NOI $74,520 @ 7.0% cap · market cap 6.66%
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
346
Businesses Nearby
Balanced
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Portfolio of three fully leased medical office condos for sale.
Where is this medical office space located?
The property is located at 9692-9696 Marlboro Pike Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $1,119,000.
What are key features of this property?
This property features: Portfolio of 3 Medical Office Condos; 100% Leased; Convenient location near I‑95/495 and Pennsylvania Avenue (Route 4)
