2045 University BlvdHyattsville, MD 20783

Property Details for 2045 University Blvd

Year built

1963

Construction

BRICK

Lot size

1.26 AC

Property size (Sq ft)

37,398 SF

Zone code

LTOC

Property type

Office properties

Property subtype

Office buildings

APN

17-1973106

APU

171973106

Description

This exceptional medical office building, located at 2045 University Blvd East in Hyattsville, Maryland, offers a variety of flexible spaces ideal for medical practices of all sizes. The building totals 42,626 square feet and features multiple tenancies, providing options for expansion or consolidation. Three spaces are currently available, ranging from a minimum of 1,478 square feet to a maximum contiguous space of 10,925 square feet. This allows for significant adaptability to suit diverse practice needs, from smaller individual practices to larger multi-specialty clinics. The building's location in Prince George's County, Maryland, offers convenient access to major transportation routes and a thriving community. The address is 2045 University Blvd East, Hyattsville, MD 20783. This full-service building presents a unique opportunity to establish or expand a medical practice in a highly desirable location. The property is categorized as a medical office building, offering a professional and efficient environment for healthcare providers. The building's size and layout provide ample space for patient care, administrative functions, and support staff. Interested parties are encouraged to inquire about available space and lease terms. The building is situated in a convenient location within Prince George's County, offering easy access for both patients and staff.

• CAP approach

  CAP return

  Valuation

  6%

  $7,919,550

  6.5%

  $7,310,354

  7%

  $6,788,186

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,833,072

  Geo Method

  $6,245,840

• Alternative Use

  Use

  Valuation

  Residential

  $9,064,839

  Hospitality

  $8,303,344

  Educational

  $6,908,284

  Medical

  $7,145,871

  Retail

  $10,746,220

Location Insight

City

Hyattsville

County

Prince George's

State

Maryland

Latitude

38.9824

Longitude

-76.9776

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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