16481 Excalibur Rd Bowie, MD 20716-3925
Property profile & analytics
16481 Excalibur Rd, Bowie, MD 20716-3925
- Banks
- 4,077 SF
- 1.02 lot acres
Property ID
US40-0093894
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.
Location Intelligence
Current Use by Public Records
- PNC Bank / Bank / Loan Service
- PNC Mortgage / Loan Service / Bank
Property Details for 16481 Excalibur Rd
- Year built
- 2008
- Lot size
- 1.02 lot acres
- Zone code
- CGO
- Property type
- Banks
- APN
- 07-2871408
- APU
- 72871408
Description
This exceptional investment opportunity presents a 3,468 square foot, single-tenant, absolute NNN ground lease property located at 16481 Excalibur Rd, Bowie, MD 20716. The property is currently 100% occupied by PNC Bank, a highly credit-rated tenant with a corporate guarantee, offering significant financial stability. The lease features four 5-year renewal options with a 15% rent increase at each option, extending the potential lease term to approximately 23 years. The property boasts a strong NOI of $258,548 and a 6.72% cap rate. Situated on a 1.02-acre lot with 25 parking spaces, the property benefits from a prime retail corridor location in the Washington D.C. MSA, next to Collington Plaza and surrounded by major retailers. The property enjoys high visibility on Crain Hwy, with over 65,000 vehicles passing daily, and is situated on a hard signalized corner. The surrounding community is affluent, with an average household income exceeding $148,000 within a 5-mile radius. A major development directly across the street is underway, further enhancing the property's value and future potential. Built in 2007, this property offers a secure, high-performing investment with substantial long-term growth potential. The asking price is $3,850,000. The property is part of a ground lease with an expiration date of January 31, 2027, leaving approximately 2.2 years remaining on the initial lease term. The property's location within the Washington D.C. MSA and its strong tenant make this a compelling investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,634,000
- AI Estimate
- $2,894,000
Market price range: $1.89M - $5.63MMarket price range: $414k - $2.89M -
Alternative Use
- Use
- Estimation
- FINANCIAL BUILDING
- $3,300,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $3,175,000 Change: -4% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bowie
- County
- Prince George's
- State
- Maryland
- Longitude
- -76.7186
- Latitude
- 38.9349
- 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
$82,719
$0.00
$0.00
$6,055,533
-
$1,558,900
$4,584,500
$6,143,400
