First-Floor Office
New
For Sale
Contact for pricing
9811 Greenbelt Rd, Lanham, MD 20706
Accessible office unit with private restrooms, a kitchenette, storage, and separately metered utilities.
Property Size1,281 SF
Price / SF$202.96
Days on Market5
Property Features for 9811 Greenbelt Rd
General Information
Standard status
Active
Size
1,281 SF
Property subtype
OFFICE
Zoning
CGO
Additional Details
Floor
First Floor
Asking Price
$259,990
Utilities to Site
Yes
Amenities
separately metered utilities
private bathrooms
kitchenette/break area
storage closets
signage available
Listing Agency:
NAI Michael
(301) 646-9310
Listed By:
Stephen "Steve" Catalano · License #MD 17289
(301) 646-9310
Source:
Moodyscre
Added: Aug 7
Changed: Aug 9
Last Checked: Aug 10 at 10:49AM
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 1,281-square-foot first-floor office unit includes two private bathrooms, a kitchenette and break area, and multiple storage closets. Separately metered utilities support distinct operating control, while available signage provides an exterior identification option.
The property is zoned CGO, designated for Commercial & General Office use, and includes abundant parking. Its first-floor configuration offers convenient access for office occupants and visitors.
The property is zoned CGO, designated for Commercial & General Office use, and includes abundant parking. Its first-floor configuration offers convenient access for office occupants and visitors.
Key Highlights
- 1,281‑square‑foot first‑floor office unit
- Two private bathrooms and a kitchenette/break area
- Multiple storage closets included
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
$19,569
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
7.53%
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%
$391,380
$391.4K
Cap Rate 7%
$279,557
$279.6K
Cap Rate 9%
$217,433
$217.4K
Market Conditions
NOI Build-Up for 1,281 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
$31.5K $24.60/SF
− Vacancy
−$5.4K −$4.23/SF
EGI
$26.1K $20.37/SF
− OpEx
−$6.5K −$5.09/SF
NOI
$19.6K $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%
$391,380
Cap Rate 7%
$279,557
Cap Rate 9%
$217,433
Alternative Uses
Best Use
Office B
$279.6K
$244.6K – $326.2K
NOI $19,569 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$413.2K
$361.6K – $482.1K
NOI $28,927 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Accessible office unit with private restrooms, a kitchenette, storage, and separately metered utilities.
Where is this office units located?
The property is located at 9811 Greenbelt Rd Lanham, MD.
What is the asking price?
The asking price for this property is $259,990.
What are key features of this property?
This property features: 1,281‑square‑foot first‑floor office unit; Two private bathrooms and a kitchenette/break area; Multiple storage closets included
