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    Fort Pl Fort Washington, MD 20744
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    Property profile & analytics

    Fort Pl, Fort Washington, MD 20744

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    • Office buildings
    • 39,196 SF
    • 1.28 lot acres
    For Lease
    $6,730,000
    View Listing →
    Turnkey Office Suites in Fort Washington For Lease
    $6,730,000
    39,000 SF

    Turnkey Office Suites in Fort Washington

    Turnkey office suites available near major amenities and transportation routes.

    8507 Oxon Hill Road, Fort Washington, MD 20744
    View Listing
    Property ID
    US40-0343144
    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

    • 301 749 0096 / Hospital
    • Arbiter Consulting Group LLC / Business Service Center
    • Bella Butterfly Effect / Alternative Medicine Practice / Spa & Massage Center
    • Galaxy Consulting LLC / Association / Organization
    • Community Services Group, LLC / Property Management Company / Debt Collection Agency

    Property Details for Fort Pl

    Year built
    1990
    Construction
    BRICK
    Lot size
    1.28 lot acres
    Zone code
    CGO
    Property type
    Office buildings
    APN
    12-1262914
    APU
    121262914

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 10, 2019 — Jemals Ikon LLC — Grant Deed · related $1.9M · Miscellaneous Ins Co
    May 18, 2001 — Jemals Ikon LLC — Deed Of Trust · related $3.2M · Equitable Bank
    Feb 19, 1999 $1,600,000 Ikon L L C Jemals Mpi Business Grant Deed —
    — — Jemals Ikon LLC — Deed Of Trust · related $2.2M · First Virginia Community Bank
    — — Jemals Ikon LLC — Deed Of Trust · related $493k · Branch Banking & Trust Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,931,000
      Market price range: $5.93M - $14.5M
      AI Estimate
      $7,524,000
      Market price range: $7.52M - $14.1M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $9,980,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Washington
    County
    Prince George's
    State
    Maryland
    Longitude
    -77.0067
    Latitude
    38.7726
    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
    $29,998
    $0.00
    $0.00
    $2,697,700
    -
    $347,000
    $2,468,200
    $2,815,200

    Comparable in this City

    • Value Estimation by Request
      1,060 SF

      13600 King Charles Ter

      OFFICE BUILDING
      13600 King Charles Ter, Fort Washington, MD 20744-6503
      View Details
    • Value Estimation
      $2,985,000
      15,080 SF

      9300 Livingston Rd

      OFFICE BUILDING
      9300 Livingston Rd, Fort Washington, MD 20744-4908
      View Details
    • Value Estimation
      $2,965,000
      14,000 SF

      7127 Allentown Rd

      OFFICE BUILDING
      7127 Allentown Rd, Fort Washington, MD 20744-1000
      View Details
    • Value Estimation by Request
      2,760 SF

      609 Taylor Acres Ave

      OFFICE BUILDING
      609 Taylor Acres Ave, Fort Washington, MD 20744
      View Details
    • Value Estimation
      $1,220,000
      3,652 SF

      10905 Livingston Rd

      OFFICE BUILDING
      10905 Livingston Rd, Fort Washington, MD 20744-4947
      View Details
    • Value Estimation
      $1,690,000
      7,920 SF

      10901 Indian Head Hwy

      OFFICE BUILDING
      10901 Indian Head Hwy, Fort Washington, MD 20744-4001
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fort Washington User/Investor Opportunity

      Located in Fort Washington near Capital Beltway and National Harbor.
      10901 Indian Head Hwy, Fort Washington, MD 20744
      View Details
    • $1,450,000

      Land with Office and Residence

      2.92 acres approved for landscape/nursery with office and residence.
      1612 Ferguson Ln, Fort Washington, MD 20744
      View Details
    • Contact for pricing

      Commercial Pad Site Available

      Located on a busy intersection, perfect for various commercial uses.
      12000 Livingston Rd, Fort Washington, MD 20744
      View Details
    • $65,000
      1.18 Acres

      Residential Land in Fort Washington

      Ready-to-build land with utilities in a family-friendly neighborhood.
      500 Holly Rd, Fort Washington, MD 20744
      View Details
    • $800,000

      Industrial Land Near National Harbor

      5.25 acre industrial land, close to major transportation routes.
      Fort Pl, Fort Washington, MD 20744
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Oxon Hill Class B Office

      Three-story office building near Capital Beltway and local amenities.
      Oxon, Fort Washington, MD 20744
      View Details
    • $1,900 /Mo

      Office/Salon Space in Fort Washington

      Office space with open floor plan in Fort Washington.
      12821 Old Fort Rd, Fort Washington, MD 20744
      View Details
    • $1,900 /Mo

      Office Space for Rent

      Office unit available for rent in Fort Washington, MD.
      12821 Old Fort Rd, Fort Washington, MD 20744
      View Details
    • Contact for pricing

      Turnkey Office Suites in Fort Washington

      Turnkey office suites available near major amenities and transportation routes.
      Fort Pl, Fort Washington, MD 20744
      View Details
    • Contact for pricing

      Fort Washington Office Space Available

      Office space in well-managed building with ample parking.
      10901 Indian Head Hwy, Fort Washington, MD 20744
      View Details

    Property Visit Statistics

    • Visits by month
      14.7k
    • Visitors by month
      8.1k
    • Avg Time on site
      7 min
    View Listing
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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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