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    7833 Walker Dr Greenbelt, MD 20770
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    Property profile & analytics

    7833 Walker Dr Greenbelt, MD 20770

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    • Office buildings
    • 111,579 SF
    • 5.26 lot acres
    For Lease
    $22 SF/Yr
    View Listing →
    Move-in Ready Office Suites For Lease
    $22 SF/Yr

    Move-in Ready Office Suites

    Recently renovated office suites with high-end finishes and abundant parking.

    7833 Walker Dr, Greenbelt, MD 20770
    View Listing
    Property ID
    US40-0884418
    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

    • Smacna Mid Atlantic Chap / Association / Organization
    • University Centre Dental: Haynes Elizabeth J DDS / Dental Office
    • Law Offices of Johnine Clark, P.A. / Law Firm / Child Welfare Organization
    • Prince George's County Boys & Girls Club / Charitable Organization / Social Service Agency
    • Greenbelt Boys and Girls Club / Charitable Organization / Social Service Agency

    Property Details for 7833 Walker Dr

    Year built
    1982
    Construction
    BRICK
    Lot size
    5.26 lot acres
    Property size
    111,579 SF
    Zone code
    CGO
    Property type
    Office buildings
    APN
    21-2394609
    APU
    212394609

    Description

    This exceptional six-story Class A office building, located at 7833 Walker Drive in Greenbelt, Maryland, offers a diverse range of office spaces to suit various business needs. The property is ideally suited for traditional office setups, coworking spaces, medical offices, creative agencies, or executive suites. Multiple tenancy options are available within this recently renovated building, boasting high-end finishes including a stunning marble lobby and upgraded lighting throughout. Enjoy the convenience of electronic key card access for enhanced security. Tenants will appreciate the on-site amenities, including WalkerFit and WalkerRevive, as well as spectacular views and large windows in each suite. The building offers excellent signage opportunities, both on the building itself and as a monument sign. Ample parking is provided with a generous parking ratio of 3.7 spaces per 1,000 square feet, encompassing both garage and front/rear parking lots. A full-time building engineer ensures seamless operations. The property's strategic location is just three miles from the Goddard Space Center and offers easy access to shopping and other amenities. Build-to-suit options may be available. This move-in ready space presents a fantastic opportunity for businesses seeking a prestigious and well-equipped office environment in a thriving location. The property is situated in Prince George's County, Maryland, zip code 20770.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $31,518,000
      Market price range: $21.3M - $52.3M
      AI Estimate
      $24,685,000
      Market price range: $21.3M - $38.3M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $36,730,000
      Current use
      RETAIL STORES
      $46,540,000
      Change: +27% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $46,255,000
      Change: +26% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $36,755,000
      Change: +0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenbelt
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8933
    Latitude
    38.9988
    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
    $267,828
    $0.00
    $0.00
    $14,916,633
    -
    $3,433,500
    $13,985,600
    $17,419,100

    Comparable in this City

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      $3,330,000
      11,117 SF

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      OFFICE BUILDING • 11,117 SF
      5510 Cherrywood Ln, Greenbelt, MD 20770-1003
      View Details
    • Value Estimation
      $29,410,000
      133,000 SF

      7701 Greenbelt Rd

      OFFICE BUILDING • 133,000 SF
      7701 Greenbelt Rd, Greenbelt, MD 20770-2037
      View Details
    • Value Estimation
      $23,070,000
      111,590 SF

      7855 Walker Dr

      OFFICE BUILDING • 111,590 SF
      7855 Walker Dr, Greenbelt, MD 20770-3212
      View Details
    • Value Estimation
      $16,445,000
      77,940 SF

      7601 Ora Gln Dr

      OFFICE BUILDING • 77,940 SF
      7601 Ora Gln Dr, Greenbelt, MD 20770-3641
      View Details
    • Value Estimation by Request
      7,214 SF

      115 Centerway

      OFFICE BUILDING • 7,214 SF
      115 Centerway, Greenbelt, MD 20770-1836
      View Details
    • Value Estimation
      $13,645,000
      79,800 SF

      6401 Golden Triangle Dr

      OFFICE BUILDING • 79,800 SF
      6401 Golden Triangle Dr, Greenbelt, MD 20770-3202
      View Details

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      Renovated Office Space Available

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    Greenbelt, MD 20770
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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.

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