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    16701 Melford Blvd Bowie, MD 20715
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    Property profile & analytics

    16701 Melford Blvd Bowie, MD 20715

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    • Office buildings
    • 166,720 SF
    • 10.88 lot acres
    For Lease
    $14 SF/Yr
    View Listing →
    Striking Building in Business Park For Lease
    $14 SF/Yr

    Striking Building in Business Park

    Purpose-built office building with ample business facilities and coffee bar.

    16701 Melford Blvd, Bowie, MD 20715
    View Listing
    Property ID
    US40-1253278
    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

    • Aksum Consulting, Inc. / Consultant
    • Mincy Industrial Trucking, LLC / Trucking Company
    • Uptown Cafe / Cafe & Coffee Shop
    • Amicus Nursing Services / Hospital
    • E Cyber 7 / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 16701 Melford Blvd

    Year built
    2006
    Lot size
    10.88 lot acres
    Property size
    166,720 SF
    Zone code
    TACE
    Property type
    Office buildings
    APN
    07-3876950
    APU
    73876950

    Description

    This impressive Class A office building, located at 16701 Melford Blvd. #400, Bowie, MD 20715, offers a variety of flexible workspace solutions. The 13,235 square foot building, renovated in 2019, features a striking blue-glass and brick exterior and a two-story lobby with a rotating metal sculpture. Amenities include ample business facilities and an on-site coffee bar. The property boasts 350 total suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are vacant. The building is situated in a business park, conveniently located near Bowie's town center, offering easy access to restaurants and shops. Office options range from fully furnished, private suites for individuals or large companies to custom spaces, disaster recovery solutions, and day offices. Tenancy is multiple, and the building includes elevators. This Prince George's County property provides a professional and modern work environment tailored to diverse business needs, including executive office, coworking, and creative office spaces. The building offers a benefits program with exclusive discounts and procurement support.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $29,580,000
      Market price range: $23.7M - $51.2M
      AI Estimate
      $36,601,000
      Market price range: $26.8M - $65.0M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $37,210,000
      Current use
      MEDICAL BUILDING
      $50,575,000
      Change: +36% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowie
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.7151
    Latitude
    38.9614
    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
    $280,559
    $0.00
    $0.00
    $20,538,733
    -
    $4,265,300
    $23,420,700
    $27,686,000

    Comparable in this City

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      $9,400,000
      41,448 SF

      16900 Science Dr

      OFFICE BUILDING • 41,448 SF
      16900 Science Dr, Bowie, MD 20715-4401
      View Details
    • Value Estimation
      $11,460,000
      41,448 SF

      17000 Science Dr

      OFFICE BUILDING • 41,448 SF
      17000 Science Dr, Bowie, MD 20715-4420
      View Details
    • Value Estimation
      $5,670,000
      30,925 SF

      6911 Laurel Bowie Rd

      OFFICE BUILDING • 30,925 SF
      6911 Laurel Bowie Rd, Bowie, MD 20715-1712
      View Details
    • Value Estimation
      $5,215,000
      25,767 SF

      6915 Laurel Bowie Rd

      OFFICE BUILDING • 25,767 SF
      6915 Laurel Bowie Rd, Bowie, MD 20715-1703
      View Details
    • Value Estimation
      $7,455,000
      30,450 SF

      17001 Science Dr

      OFFICE BUILDING • 30,450 SF
      17001 Science Dr, Bowie, MD 20715-4329
      View Details
    • Value Estimation by Request
      2,530 SF

      2835 Belair Dr

      OFFICE BUILDING • 2,530 SF
      2835 Belair Dr, Bowie, MD 20715
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Melford Town Center Mixed-Use Development

      Mixed-use development with office, retail, and residential spaces for lease.
      50 At Rte, 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.
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      Office Space in Melford Town

      Office space for rent in a mixed-use development.
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      Medical Suite in Melford Town

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    Bowie, MD 20715
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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.

    More about this property
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    16701 Melford Blvd, Bowie, MD, 20715
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