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Financial
Distress signals
Property profile

4221 Forbes Blvd Lanham, MD 20706

FOR LEASE
Office buildings
Property ID
US40-0096230
50,800 SF 2.87 ac lot Built 1989
Last sale Jul 2025 · $7,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
4221 Forbes Blvd, Lanham, MD 20706 For Lease 1 / 63
$20 SF/Yr
4221 Forbes Blvd, Lanham, MD 20706
View Listing

Property summary

AI-generated overview

Forbes Center III is a 50,800-square-foot office building constructed in 1989 with a brick exterior. The building includes central air conditioning and forced-air heating, a modern lobby, multiple entrances, outdoor seating areas, and a dedicated parking lot. It fronts Forbes Boulevard and is situated near Vista Gardens Shopping Center and Bowie Town Center, as well as local amenities including Jacks Deli. Regional access is supported by nearby Route 50 and I-95/495, with proximity to New…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$41k
Tax billed · 2023
Assessed value$3.66M
Assessed land$1.06M
Assessed improvement$2.60M
Effective rate1.11%

Value estimate

· Oct 2026
$6.09M
$5.48M – $6.69M
Submarket $/SF estimate$7.87M
NOI build-up
Gross scheduled income$1.25M
Vacancy & credit loss−$215k
Operating expenses−$259k
NOI · 3,880,255.00% cap applied$776k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$255/SF
County average, outlier-cleaned · 439 recorded sales of this use type
Observed band · Q1–Q3$151 – $370
Qualifying comparables4

Cap rate analysis

How does the asset earn?
3,880,255.00%
$776k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IE
JurisdictionPRINCE GEORGE'S

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.3
Parking Facility11.3
Auto Repair Shop9.7

Location

4221 Forbes Blvd Lanham, MD 20706
County assessor Recorded deeds · 5 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4601 Forbes, Lanham, MD 20706-4807 $2,545,062 Mar 2024 47,260 SF
4276 Forbes, Lanham, MD 20706-4329 $8,887,020 Mar 2024 55,757 SF
9300 Martin Luther King Jr, Lanham, MD 20706 $192,550,000 Jul 2023 57,426 SF
5001 Forbes, Lanham, MD 20706-4415 $68,000,000 Dec 2022 39,910 SF
4640 Forbes, Lanham, MD 20706-4323 $68,000,000 Dec 2022 64,900 SF
7375 Executive, Lanham, MD 20706-2278 $7,675,000 May 2022 66,678 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $8,905,000
    55,757 SF
    4276 Forbes Blvd
    OFFICE BUILDING
    4276 Forbes Blvd, Lanham, MD 20706-4329
    View Details
  • Value Estimation
    $8,480,000
    76,260 SF
    4551 Forbes Blvd
    OFFICE BUILDING
    4551 Forbes Blvd, Lanham, MD 20706-4325
    View Details
  • Value Estimation
    $4,105,000
    27,538 SF
    9344 Lanham Severn Rd
    OFFICE BUILDING
    9344 Lanham Severn Rd, Lanham, MD 20706-2776
    View Details
  • Value Estimation
    $2,755,000
    23,177 SF
    9410 Annapolis Rd
    OFFICE BUILDING
    9410 Annapolis Rd, Lanham, MD 20706-3026
    View Details
  • Value Estimation
    $14,000,000
    122,094 SF
    7515 Msn Dr
    OFFICE BUILDING
    7515 Msn Dr, Lanham, MD 20706-2267
    View Details
  • Value Estimation
    $14,730,000
    132,312 SF
    4200 Parliament Pl
    OFFICE BUILDING
    4200 Parliament Pl, Lanham, MD 20706-1849
    View Details

Similar Nearby for Sale

  • New
    Contact for pricing
    80,000 SF
    Four-Story Office Building
    Four-story office building totaling 80,000 rentable square feet, currently 99.4% leased on 4.913 acres.
    4600 Forbes Blvd, Lanham, MD 20706
    View Details
  • New
    Contact for pricing
    115,831 SF
    Lanham Mixed-Use Investment Opportunity
    115,831 sqft mixed-use property on 5.52 acres for sale.
    4380 Forbes Blvd, Lanham, MD 20706
    View Details
  • New
    $2,950,000
    8,562 SF
    Renovated Office Building
    CGO-zoned office space features upgraded interiors, natural light, and generous surface parking.
    9410 Annapolis Rd, Lanham, MD 20706
    View Details

Similar Nearby for Lease

  • Contact for pricing
    13,200 sqft
    Office Building with Highway Connectivity
    Office building with convenient access to I-495, I-295, I-95, and the ICC via nearby Route 50
    4640 Forbes Blvd, Lanham, MD 20706
    View Details
  • New
    $1,750/Mo
    11,900 sqft
    Well-Maintained Office Building For Lease
    Office building in Chesapeake Office Park, near upcoming Purple Line.
    7100 Chesapeake Road, Landover Hills, MD 20706
    View Details
  • New
    Contact for pricing
    338,000 sqft
    Modern Office Space For Rent
    Fully furnished office with seamless transit access and HUBZone benefits.
    7900 Harkins Road, Lanham, MD 20706
    View Details
  • Contact for pricing
    3,344 sqft
    Office Building with Metro Access
    Office space with free on-site parking and a short walk to New Carrollton Metro Station.
    4550 Forbes Blvd, Lanham, MD 20706
    View Details
  • $700/Mo
    Lanham Office Space For Lease
    Four-story office building near NASA with on-site conference center.
    7375 Executive Place 204-222, Lanham, MD 20706
    View Details
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