Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1801 Mccormick Dr Upper Marlboro, MD 20774-5326

    • Office buildings
    • 117,040 SF
    • 7.80 lot acres
    OFF-MARKET
    Value Estimations
    $12,765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0023784
    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.

    Current Use by Public Records

    • Prince George's County Economic Development Corporation / County Government Office
    • Insight Engineering, Inc. / Engineering Consultant / Civil Engineer
    • Dasinfomedia INC / Software Company / Accounting Software Company
    • PFF, LLC / Business Management Consultant
    • Law Office of Rowena N. Nelson, LLC / Family Law Attorney / General Practice Attorney

    Property Details for 1801 Mccormick Dr

    Year built
    1985
    Construction
    BRICK
    Lot size
    7.80 lot acres
    Property size
    117,040 SF
    Zone code
    RTOHE
    Property type
    Office buildings
    APN
    13-1425578
    APU
    131425578

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,883,000
      Market price range: $13.9M - $29.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Upper Marlboro
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8449
    Latitude
    38.9147
    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
    $132,014
    $3,398,600
    $8,473,200
    $11,871,800
    -
    $3,398,600
    $8,473,200
    $11,871,800

    Comparable in this City

    • Value Estimation
      $4,770,000
      29,736 SF

      10251 Central Ave

      OFFICE BUILDING • 29,736 SF
      10251 Central Ave, Upper Marlboro, MD 20774-1303
      View Details
    • Value Estimation
      $7,320,000
      52,070 SF

      1400 Mercantile Ln

      OFFICE BUILDING • 52,070 SF
      1400 Mercantile Ln, Upper Marlboro, MD 20774-5341
      View Details
    • Value Estimation
      $13,320,000
      114,430 SF

      9200 Basil Ct

      OFFICE BUILDING • 114,430 SF
      9200 Basil Ct, Upper Marlboro, MD 20774-5309
      View Details
    • Value Estimation
      $25,270,000
      182,000 SF

      1301 Mccormick Dr

      OFFICE BUILDING • 182,000 SF
      1301 Mccormick Dr, Upper Marlboro, MD 20774-5416
      View Details
    • Value Estimation
      $8,595,000
      77,280 SF

      1220 Caraway Ct

      OFFICE BUILDING • 77,280 SF
      1220 Caraway Ct, Upper Marlboro, MD 20774-5338
      View Details
    • Value Estimation
      $830,000
      3,953 SF

      301 Watkins Park Dr

      OFFICE BUILDING • 3,953 SF
      301 Watkins Park Dr, Upper Marlboro, MD 20774-1950
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,012 SF

      Keystone Business Center Condo Units

      Six condo units in Upper Marlboro, MD, for sale.
      1001 And 4-7, Upper Marlboro, MD 20774
      View Details
    • $267,000
      982 SF

      Spacious Condo Near Largo Metro

      Light-filled 2-bedroom condo in gated community near Largo Metro.
      8961 Town Center Cir, Upper Marlboro, MD 20774
      View Details
    • $4,000,000
      2,800 SF

      Industrial Property with Outside Storage

      2.5 acres with warehouse and outside storage near DC.
      9208 Westphalia Rd, Upper Marlboro, MD 20774
      View Details
    • $455,000

      Upper Marlboro Specialty Property

      Specialty property available for sale in Upper Marlboro, MD.
      13712 New Acadia Ln, Upper Marlboro, MD 20774
      View Details
    • $505,000

      Santa Fe Blvd Land Parcel

      Land parcel available on Santa Fe Blvd, Upper Marlboro.
      9614 Santa Fe Blvd, Upper Marlboro, MD 20774
      View Details
    • $549,900

      Land For Sale

      Land available for sale.
      293 Lewis And Clark Ave, Upper Marlboro, MD 20774
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      2,850 SF

      Office Space in Upper Marlboro

      Office space available for lease in Upper Marlboro, MD.
      9301 Largo Dr W, Upper Marlboro, MD 20774
      View Details
    • Contact for pricing
      3,400 SF

      Upper Marlboro Office Space Available

      Office park with multiple suites available for lease.
      551-579 Commerce Dr, Upper Marlboro, MD 20774
      View Details
    • Contact for pricing
      111,403 SF

      Watkins Park Plaza Executive Suite

      Prime Executive Office Space Available
      50 Watkins Park Dr, Upper Marlboro, MD 20774
      View Details
    • $1,000 /Mo
      194,713 SF

      Professional Office Suites For Lease

      Upscale office suites in modern building, ideal for professionals.
      1401 Mercantile Ln, Upper Marlboro, MD 20774
      View Details
    • $16 SF/Yr
      20,000 SF

      Office Space Near Metro

      Office space available near Metro and proposed hospital campus.
      9315 Largo Dr W, Upper Marlboro, MD 20774
      View Details
    • Contact for pricing
      40,000 SF

      Upper Marlboro Warehouse/Flex Space

      Multiple suites available in a four-building park.
      651-687 Commerce Dr, Upper Marlboro, MD 20774
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1801 Mccormick Dr
    Upper Marlboro, MD 20774-5326
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.