Retail Condominium with Drive-Thru
For Sale
$1,100,000
A-1-12100 Annapolis Rd, Glenn Dale, MD 20769
Former bank branch offering retail condominium space with two drive-thru banking lanes and flexible CGO zoning uses.
Property Size2,836 SF
Lot Size0.16 Acres
Price / SF$387.87
Days on Market52
Property Features for A-1-12100 Annapolis Rd
General Information
Standard status
Active
Size
2,836 SF
Lot size
0.16 Acres
Zoning
CGO
Taxes and HOA fees
Annual Taxes
$25,285
Building Details
Year Built
2009
Listing Agency:
Tranzon Key
(888) 621-2110
Listed By:
Jeffrey E Stein · License #5422
(888) 621-2110
Source:
Exprealty
Added: Jul 2
Changed: Aug 21
Last Checked: Aug 21 at 11:59AM
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 Tranzon Key
Investment Insights
Based on property information with market context.
12100 Annapolis Road is a former bank branch building constructed in 2009 and currently in good overall condition. The property includes 2,836 SF of net rentable area on a 0.16-acre site and is configured as two condominiums within the shared structure: Suite 1 and Suite 2. Suite 1 is a retail condominium unit featuring two drive-thru banking lanes, while Suite 2 is shared with a pharmacy.
The building is located at 12100 Annapolis Road in Glenn Dale, Maryland. The subject unit specifically includes two drive-thru banking lanes, supporting operational designs that benefit from vehicle service.
Zoned CGO (Commercial General and Office), the property supports a variety of uses that can include medical or dental office, veterinary hospital or clinic, professional office, and cannabis dispensary, among others. The two-lane drive-thru configuration may be well suited to tenants seeking a service-access layout within a retail condominium setting co-located with an existing pharmacy suite.
The building is located at 12100 Annapolis Road in Glenn Dale, Maryland. The subject unit specifically includes two drive-thru banking lanes, supporting operational designs that benefit from vehicle service.
Zoned CGO (Commercial General and Office), the property supports a variety of uses that can include medical or dental office, veterinary hospital or clinic, professional office, and cannabis dispensary, among others. The two-lane drive-thru configuration may be well suited to tenants seeking a service-access layout within a retail condominium setting co-located with an existing pharmacy suite.
Key Highlights
- Former bank branch with 2,836 SF of net rentable area on a 0.16‑acre site
- Constructed in 2009 and described as in good overall condition
- Suite 1 is a retail condominium unit with 2 drive‑thru banking lanes
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
$64,042
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
5.82%
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%
$1,280,840
$1.3M
Cap Rate 7%
$914,886
$914.9K
Cap Rate 9%
$711,578
$711.6K
Market Conditions
NOI Build-Up for 2,836 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
$96.3K $33.96/SF
− Vacancy
−$10.9K −$3.85/SF
EGI
$85.4K $30.11/SF
− OpEx
−$21.3K −$7.53/SF
NOI
$64.0K $22.58/SF
Area
Prince George's County, MD
Vacancy
11.34%
Lease Rate
$33.96 /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%
$1,280,840
Cap Rate 7%
$914,886
Cap Rate 9%
$711,578
Alternative Uses
Best Use
Specialty Retail
$914.9K
$800.5K – $1.07M
NOI $64,042 @ 7.0% cap · market cap 5.82%
Second Best
Retail
$910.1K
$796.4K – $1.06M
NOI $63,709 @ 7.0% cap · market cap 5.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Explore this area
Business Placement
Demographics for 20769, MD
7,009
Population
2,398
Households
2.9
Avg Household Size
43
Median Age
53%
College-Educated
92%
High-School Grad
6.5 sq mi
ZIP Area
1,078
Density / Sq Mi
$170,117
Median Household Income
$75,552
Median Earnings
$2,788
Median Rent
$571,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Former bank branch offering retail condominium space with two drive-thru banking lanes and flexible CGO zoning uses.
Where is this bank located?
The property is located at A-1-12100 Annapolis Rd Glenn Dale, MD.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Former bank branch with 2,836 SF of net rentable area on a 0.16‑acre site; Constructed in 2009 and described as in good overall condition; Suite 1 is a retail condominium unit with 2 drive‑thru banking lanes
