Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6311 Crain Hwy Bowie, MD 20715
    Back to Search
    Property profile & analytics

    6311 Crain Hwy, Bowie, MD 20715

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 6311 Crain Hwy

    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional investment opportunity encompasses three properties totaling 2.22 acres in Bowie, Maryland, located at 6301 and 6311 Robert S. Crain Hwy (Tax IDs 17070699454, 17070824854, 17073199718). Currently zoned for residential use, this land presents significant potential for redevelopment into commercial or multi-family properties. The strategic location offers unparalleled access to major thoroughfares, including Route 3, Route 50, and Route 97, placing the property within easy reach of numerous thriving shopping centers and restaurants. The site boasts convenient entrances from both the north and south directions of Route 3, enhancing its visibility and accessibility. An added advantage is the possibility of assembling an adjacent property currently on the market, expanding the overall development potential. This offering is exclusively for commercial or multi-family development

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bowie
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.7145
    Latitude
    38.9769

    Comparable in this City

    • Value Estimation by Request
      870,000 SF

      50 At Rte

      Office Spaces
      50 At Rte, Crofton, MD 20715
      View Details
    • Value Estimation by Request
      0.00 Acres

      5001 Howerton Way

      INDUSTRIAL (GENERAL)
      5001 Howerton Way, Bowie, MD 20715-4459
      View Details
    • Value Estimation
      $34,915,000
      38,616 SF

      5001 Howerton Way

      INDUSTRIAL PARK
      5001 Howerton Way, Bowie, MD 20715-4459
      View Details
    • Value Estimation
      $1,200,000
      1.07 Acres

      8419 Zug Rd

      INDUSTRIAL (GENERAL)
      8419 Zug Rd, Bowie, MD 20715-4508
      View Details
    • Value Estimation by Request
      1.22 Acres

      17588 Lk Melford Ave

      INDUSTRIAL (GENERAL)
      17588 Lk Melford Ave, Bowie, MD 20715-4478
      View Details
    • Value Estimation by Request
      1.70 Acres

      16951 Melford Blvd

      INDUSTRIAL (GENERAL)
      16951 Melford Blvd, Bowie, MD 20715-4442
      View Details

    Similar Nearby for Sale

    • $4,000,000

      2.22 Acres Commercial/Multifamily Land

      2.22 acres suitable for commercial or multifamily development.
      6311 Robert Crain Hwy, Bowie, MD 20715
      View Details
    • $90,000

      Corner Lot in Bowie Neighborhood

      Almost one acre corner lot in secluded Bowie neighborhood.
      16301 Lea Dr, Bowie, MD 20715
      View Details
    • $4,000,000
      2,470 SF

      Bowie, MD Commercial Development Opportunity

      2.22 Acres, High-Traffic Location, Huge Potential
      6311 Robert Crain Hwy, Bowie, MD 20715
      View Details
    • $90,000
      0.98 Acres

      Bowie Land Parcel For Sale

      Almost one acre corner lot in Bowie, Maryland.
      16301 Lea Dr, Bowie, MD 20715
      View Details
    • $185,000
      2.08 Acres

      Residential Lot in Bowie, MD

      2.08-acre residential lot in a picturesque Bowie neighborhood.
      13314 Forest Dr, Bowie, MD 20715
      View Details
    • $450,000
      7.84 Acres

      Residential Land Near Bowie University

      Rare 8-acre residential parcel near Bowie State University.
      Thompkins Ln, Bowie, MD 20715
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Bowie Flex Space Available

      Flex/R&D space in Melford Town Center, Bowie, MD.
      4961 Tesla Dr, Bowie, MD 20715
      View Details
    • Contact for pricing
      3,044 SF

      New Warehouse Space in Bowie

      New warehouse space with dock door in Melford Town Center.
      5061 Howerton Way, Bowie, MD 20715
      View Details
    • Contact for pricing
      3,000 SF

      Bowie Flex Space Available

      Flex/R&D space in Melford Town Center, Bowie, MD.
      4931 Telsa Dr, Bowie, MD 20715
      View Details
    • Sponsored
      Contact for pricing

      Melford Plaza I

      Discover many ways to work your way in Melford Plaza I
      16701 Melford Blvd, Bowie, MD 20715
      View Details
    • Contact for pricing
      10,080 SF

      Flex/R&D Space in Bowie

      Flex/R&D space for lease in Melford Town Center.
      5001 Howerton Way, Bowie, MD 20715
      View Details
    • Contact for pricing
      6,500 SF

      Melford Town Center Retail Space

      Retail and office space available in Bowie's Melford Town Center.
      17501 Lk Melford Ave, Bowie, MD 20715
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6311 Crain Hwy
    Bowie, MD 20715
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6311 Crain Hwy, Bowie, MD, 20715
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!