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    17001 Science Dr Bowie, MD 20715
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    Property profile & analytics

    17001 Science Dr, Bowie, MD 20715

    View on Map
    • Office buildings
    • 30,450 SF
    • 3.73 lot acres
    For Lease
    $7,455,000
    View Listing →
    Office Space in Melford Town For Lease
    $7,455,000
    1,245 SF

    Office Space in Melford Town

    Office space for rent in a mixed-use development.

    17001 Science Dr, Bowie, MD
    View Listing
    Property ID
    US40-1415286
    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

    • Dr. My-Huong Nguyen, MD / Physician
    • Judy Hu / Physician
    • Dr. Maria Servinsky / Physician
    • Dr. Rebecca Elias-Bachrach / Pediatrician / Medical Clinic
    • Adejumoke Osuntogun, MD / Pediatrician / Physician

    Property Details for 17001 Science Dr

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.73 lot acres
    Zone code
    TACE
    Property type
    Office buildings
    APN
    07-3376837
    APU
    73376837

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,664,000
      Market price range: $4.32M - $9.36M
      AI Estimate
      $8,246,000
      Market price range: $4.89M - $11.9M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,795,000
      Current use
      MEDICAL BUILDING
      $9,235,000
      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
    -76.7101
    Latitude
    38.9633
    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
    $63,211
    $0.00
    $0.00
    $4,627,433
    -
    $1,685,800
    $3,614,500
    $5,300,300

    Comparable in this City

    • Value Estimation
      $9,400,000
      41,448 SF

      16900 Science Dr

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

      17000 Science Dr

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

      6911 Laurel Bowie Rd

      OFFICE BUILDING
      6911 Laurel Bowie Rd, Bowie, MD 20715-1712
      View Details
    • Value Estimation
      $18,715,000
      87,500 SF

      17100 Science Dr

      OFFICE BUILDING
      17100 Science Dr, Bowie, MD 20715-4300
      View Details
    • Value Estimation
      $31,800,000
      166,720 SF

      16901 Melford Blvd

      OFFICE BUILDING
      16901 Melford Blvd, Bowie, MD 20715-4443
      View Details
    • Value Estimation
      $5,215,000
      25,767 SF

      6915 Laurel Bowie Rd

      OFFICE BUILDING
      6915 Laurel Bowie Rd, Bowie, MD 20715-1703
      View Details

    Similar Nearby for Sale

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    • $90,000
      0.98 Acres

      Bowie Land Parcel For Sale

      Almost one acre corner lot in Bowie, Maryland.
      16301 Lea Dr, Bowie, MD 20715
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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
      6,500 SF

      Melford Town Center Retail Space

      Retail and office space available in Bowie's Melford Town Center.
      17501 Lk Melford Ave, Bowie, MD 20715
      View Details
    • Contact for pricing
      6,000 SF

      Bowie Flex Space Available

      Flex/R&D space in Melford Town Center, Bowie, MD.
      4961 Tesla Dr, Bowie, MD 20715
      View Details
    • Contact for pricing
      2,550 SF

      Medical Suite in Melford Town

      Medical suite available for lease in Bowie's Melford Town.
      16900 Science Dr, 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.
      4931 Telsa Dr, Bowie, MD 20715
      View Details
    • Contact for pricing
      2,490 SF

      Office Space in Melford Town

      Office space for rent in a mixed-use development.
      17001 Science Dr, Bowie, MD 20715
      View Details
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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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