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    Property profile & analytics

    3106 Mitchellville Rd Bowie, MD 20716-1407

    • Office buildings
    • 8,244 SF
    • 26.51 lot acres
    OFF-MARKET
    Value Estimations
    $2,585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0683638
    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

    • Patrick Murtagh Soccer Fields / Sports Field & Court / Sports School

    Property Details for 3106 Mitchellville Rd

    Year built
    2008
    Lot size
    26.51 lot acres
    Property size
    8,244 SF
    Zone code
    AG
    Property type
    Office buildings
    APN
    07-3833449
    APU
    73833449

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,533,000
      Market price range: $1.16M - $2.53M
      AI Estimate
      $2,638,000
      Market price range: $1.63M - $2.64M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,820,000
      Current use
      RETAIL STORES
      $3,440,000
      Change: +89% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,415,000
      Change: +88% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,710,000
      Change: +49% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowie
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.7341
    Latitude
    38.9346
    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
    $25,903
    $0.00
    $0.00
    $1,896,267
    -
    $765,100
    $1,790,100
    $2,555,200

    Comparable in this City

    • Value Estimation
      $21,960,000
      129,800 SF

      4321 Collington Rd

      OFFICE BUILDING • 129,800 SF
      4321 Collington Rd, Bowie, MD 20716-2259
      View Details
    • Value Estimation
      $3,035,000
      11,248 SF

      16300 Heritage Blvd

      OFFICE BUILDING • 11,248 SF
      16300 Heritage Blvd, Bowie, MD 20716-3106
      View Details
    • Value Estimation
      $670,000
      2,294 SF

      2501 Crain Hwy

      OFFICE BUILDING • 2,294 SF
      2501 Crain Hwy, Bowie, MD 20716-3426
      View Details
    • Value Estimation
      $9,030,000
      55,754 SF

      4201 Mitchellville Rd

      OFFICE BUILDING • 55,754 SF
      4201 Mitchellville Rd, Bowie, MD 20716-3163
      View Details
    • Value Estimation
      $5,860,000
      27,000 SF

      16410 Heritage Blvd

      OFFICE BUILDING • 27,000 SF
      16410 Heritage Blvd, Bowie, MD 20716-3172
      View Details
    • Value Estimation
      $20,305,000
      120,000 SF

      4201 Northview Dr

      OFFICE BUILDING • 120,000 SF
      4201 Northview Dr, Bowie, MD 20716-2604
      View Details

    Similar Nearby for Sale

    • $395,000
      1,611 SF

      Bowie Office Space: Prime Location

      Renovated Office, Great Amenities, Ready to Occupy
      3060 Mitchellville Rd, Bowie, MD 20716
      View Details
    • $998,000

      Bowie Specialty Property for Sale

      Specialty property available in Bowie, Maryland.
      407 Mdw Crk Dr, Bowie, MD 20716
      View Details
    • $641,995

      Spacious End-Unit Home with Park View

      Move-in ready, end-unit home backing to future regional park.
      3453 Saint Robin Ln, Bowie, MD 20716
      View Details
    • $599,000

      Spacious End-Unit Home Near Park

      2823 sq ft end-unit home backing to future park.
      3439 Saint Robin Ln, Bowie, MD 20716
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    • $295,000

      Updated Condo Near Bowie Center

      Move-in ready 2-bed condo with modern updates and convenient location.
      15602 Everglade Ln, Bowie, MD 20716
      View Details
    • $325,000

      Specialty Property Available For Sale

      Specialty property for sale, priced at $325,000.
      3710 Excalibur Ct, Bowie, MD 20716
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      55,754 SF

      Bowie Office Suites for Lease

      Class A office suites with high visibility and accessibility.
      4201 Mitchellville Rd, Bowie, MD 20716
      View Details
    • Contact for pricing
      4,300 SF

      Class A Office Space Available

      Class A office space for rent in Bowie, Maryland.
      4201 Northview Dr, Bowie, MD 20716
      View Details
    • Contact for pricing
      45,644 SF

      Medical Offices in Bowie Health Campus

      Medical offices available within University of Maryland Bowie Health Campus.
      14999 Health Center Dr, Bowie, MD 20716
      View Details
    • $25 SF/Yr
      36,260 SF

      Bowie Medical Office Space For Lease

      1,294 SF Medical Office Suite Available
      4175 Hanson Ct, Bowie, MD 20716
      View Details
    • $2,500 /Mo
      3,920 SF

      Attractive Office Space in Bowie

      Rare office space with treetop views and excellent access.
      4335 Northview Dr, Bowie, MD 20716
      View Details
    • Contact for pricing
      43,560 SF

      Bowie Commercial Land - 1 Acre

      Prime Bowie location, 43,560 sqft lot. Single tenant.
      4200 Mitchellville Rd, Bowie, MD 20716
      View Details
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    3106 Mitchellville Rd
    Bowie, MD 20716-1407
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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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