Property profile

10003 Derekwood Ln Lanham, MD 20706

FOR LEASE
Office buildings
Property ID
US40-0361157
56,184 SF 2.85 ac lot Built 1986
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

10003 Derekwood Lane presents a unique opportunity to lease 6,919 square feet of executive office space within a larger, well-maintained Class B office building. Located in the desirable Washington Business Park in Lanham, Maryland, this two-story building offers a total of 53,700 square feet. The property underwent renovations in 2018, ensuring modern amenities and a comfortable work environment. The available space is part of a multi-tenant building, providing a collaborative and professional atmosphere. Situated in Prince George's County, Maryland, with a 20706 zip code, this location offers convenient access to major transportation routes and is ideal for businesses seeking a prominent presence in the Washington, D.C. metropolitan area. The building's address is 10003 Derekwood Lane. This exceptional opportunity allows businesses to establish a sophisticated and functional workspace in a thriving business community. The available space is immediately ready for occupancy. Interested parties are encouraged to inquire for further details and scheduling a viewing.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Construction BRICK
Total area 56,184 SF
Lot 2.85 ac (124,138 SF)
Zoning code IE
APN 13-1442169
UPID US40-0361157

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist
  • Medical Clinic
  • Social Service Agency Charitable Organization
  • Physician
  • Law Firm

Location

10003 Derekwood Ln Lanham, MD 20706
Lanham metro Census 803516 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.45M
Blend (final) Blend
$5.47M

Owner & transaction history

since 2022
Last sale
$4.7M
3 recorded transactions
2023
Price N/A
2022
$4.7M
1969
Price N/A

Zoning & alternative use

IE · Lanham, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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