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    8321 Annapolis Rd New Carrollton, MD 20784
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    Property profile & analytics

    8321 Annapolis Rd New Carrollton, MD 20784

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    • Lifestyle centers
    • 6,032 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 8321 Annapolis Rd

    Property size
    6,032 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Plaza 30 Shopping Center, located at 8321 Annapolis Road in New Carrollton, Maryland, presents a unique opportunity for retail businesses seeking a prominent location in Prince George's County. This single-story shopping center offers a total of 6,032 square feet of retail space, currently entirely vacant and available for lease. The property is ideally suited for multiple tenants, with flexible space options ranging from a minimum of 2,487 square feet to a maximum contiguous space of 3,545 square feet. This allows for adaptability to various business needs and sizes. The center's strategic location in New Carrollton, Maryland, 20784, provides excellent visibility and accessibility for customers. The property's address is easily identifiable and benefits from high traffic volume on Annapolis Road. The entire 6,032 square feet is available, offering a blank canvas for a new retail development or the opportunity for a single large tenant to occupy the entire space. This presents a rare chance to establish a significant presence in a thriving commercial area. Interested parties are encouraged to inquire about lease terms and conditions. The property is classified as a retail shopping center and offers a single-story layout for convenient access and operation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Carrollton
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8699
    Latitude
    38.9556

    Comparable in this City

    • Value Estimation
      $5,195,000
      35,852 SF

      8301 Annapolis Rd

      MINI-MALL • 35,852 SF
      8301 Annapolis Rd, New Carrollton, MD 20784-3001
      View Details
    • Value Estimation
      $30,435,000
      102,941 SF

      8308 Annapolis Rd

      MINI-MALL • 102,941 SF
      8308 Annapolis Rd, New Carrollton, MD 20784-3012
      View Details
    • Value Estimation
      $22,530,000
      66,000 SF

      6601 Annapolis Rd

      MINI-MALL • 66,000 SF
      6601 Annapolis Rd, Hyattsville, MD 20784
      View Details
    • Value Estimation
      $1,370,000
      8,932 SF

      7441 Annapolis Rd

      SHOPPING CENTER, STRIP CENTER • 8,932 SF
      7441 Annapolis Rd, Hyattsville, MD 20784-2313
      View Details
    • Value Estimation
      $2,740,000
      19,400 SF

      8454 Annapolis Rd

      SHOPPING CENTER, STRIP CENTER • 19,400 SF
      8454 Annapolis Rd, New Carrollton, MD 20784-3013
      View Details
    • Value Estimation
      $9,750,000
      38,547 SF

      6505 Annapolis Rd

      SHOPPING CENTER, STRIP CENTER • 38,547 SF
      6505 Annapolis Rd, Hyattsville, MD 20784-1311
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,624 SF

      Hyattsville Retail Space For Rent

      Retail space in Giant-anchored shopping center, high-traffic location.
      7520 Annapolis Rd, Hyattsville, MD 20784
      View Details
    • Contact for pricing
      1,426 SF

      Capital Plaza Retail Space Available

      Retail spaces for lease in redeveloped Capital Plaza Mall.
      6200 Annapolis Rd, Hyattsville, MD 20784
      View Details
    • $12 SF/Yr

      Prime Commercial Space on Route 202

      Commercial spaces ranging from 65 to 780 sqft available.
      5615 Landover Rd, Hyattsville, MD 20784
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in New Carrollton, MD.
      8321 Annapolis Rd, New Carrollton, MD 20784
      View Details
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    New Carrollton, MD 20784
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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.

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    8321 Annapolis Rd, New Carrollton, MD, 20784
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