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    10210 Greenbelt Rd Lanham, MD 20706
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    Property profile & analytics

    10210 Greenbelt Rd Lanham, MD 20706

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    • Office buildings
    • 151,200 SF
    • 5.00 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Lanham Medical/Office/Retail Space Available For Lease
    $18 SF/Yr

    Lanham Medical/Office/Retail Space Available

    Class-B space with abundant parking and enhanced visibility.

    10210 Greenbelt Rd, Lanham, MD 20706
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    Property ID
    US40-1585030
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • UPS Authorized Shipping Outlet / Courier Service / Postal Service
    • ATM / Atm
    • The Real Estate Barbie / Real Estate Agency
    • Hyattsville I Field Office / Government Office / Gun Shop
    • Fairfax Realty / Real Estate Agency

    Property Details for 10210 Greenbelt Rd

    Year built
    1971
    Construction
    BRICK
    Lot size
    5.00 lot acres
    Property size
    151,200 SF
    Zone code
    IE
    Property type
    Office buildings
    APN
    14-5509278
    APU
    145509278

    Description

    The Aerospace Building, located at 10210 Greenbelt Rd, Lanham, MD 20706, offers 49,527 square feet of move-in ready Class B office space, currently fully vacant and available for lease. This multi-tenant building features a mix of medical and executive office suites, with a minimum divisible space of 1,268 square feet and a maximum contiguous space of 8,667 square feet. The property boasts abundant free surface parking with 522 spaces, ensuring convenient access for tenants and their clients. Building amenities include electronic keycard access, a full-time on-site building engineer, and a dedicated conference meeting area. Enjoy enhanced visibility from Route 193, complemented by building and monument signage opportunities. The building was renovated in 2000 and features large windows offering spectacular views. This prime location in Lanham, Maryland provides excellent access to major transportation routes and offers a professional environment for businesses of all sizes. The property is ideal for medical practices, executive offices, or a combination thereof. Contact us today to learn more about leasing opportunities at this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lanham
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8285
    Latitude
    38.9918
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $177,937
    $5,448,600
    $10,552,900
    $16,001,500
    -
    $5,448,600
    $10,552,900
    $16,001,500

    Comparable in this City

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      17,700 SF

      9320 Annapolis Rd

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      View Details
    • Value Estimation
      $3,230,000
      24,300 SF

      4473 Forbes Blvd

      OFFICE BUILDING • 24,300 SF
      4473 Forbes Blvd, Lanham, MD 20706-4354
      View Details
    • Value Estimation
      $4,990,000
      34,825 SF

      4401 Forbes Blvd, Unit 4411

      OFFICE BUILDING • 34,825 SF
      4401 Forbes Blvd, Lanham, MD 20706-4328
      View Details
    • Value Estimation
      $28,285,000
      108,864 SF

      7800 Harkins Rd

      OFFICE BUILDING • 108,864 SF
      7800 Harkins Rd, Lanham, MD 20706-1333
      View Details
    • Value Estimation by Request
      327,240 SF

      7900 Harkins Rd

      OFFICE BUILDING • 327,240 SF
      7900 Harkins Rd, Lanham, MD 20706-1359
      View Details
    • Value Estimation
      $2,850,000
      19,233 SF

      9301 Annapolis Rd

      OFFICE BUILDING • 19,233 SF
      9301 Annapolis Rd, Lanham, MD 20706-3115
      View Details

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      0.08 Acres

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    Similar Nearby for Lease

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      1,625 SF

      Lanham Office Space For Lease

      Four-story office building near NASA with on-site conference center.
      7375 Executive Pl, Lanham, MD 20706
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    • $1,675 /Mo

      Well-Maintained Office Building For Lease

      Office building in Chesapeake Office Park, near upcoming Purple Line.
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      2,752 SF

      Office Space in Goddard Corporate Park

      Class B office building with ample parking and convenient location.
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    • Contact for pricing
      338,000 SF

      Modern Office Space For Rent

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      7900 Harkins Rd, Lanham, MD 20706
      View Details
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    Lanham, MD 20706
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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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    10210 Greenbelt Rd, Lanham, MD, 20706
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