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    Property profile & analytics

    Good Luck Rd Lanham, MD 20706

    • Medical offices
    • 71,904 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US40-1852889
    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

    • Medical offices

    Property Details for Good Luck Rd

    Year built
    2011
    Lot size
    0.48 lot acres
    Property size
    71,904 SF
    Zone code
    RSF95
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    21-5545163
    APU
    215545163

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lanham
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8655
    Latitude
    38.9821
    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
    $225,436
    $0.00
    $0.00
    $20,273,000
    -
    $178,400
    $20,149,000
    $20,327,400

    Comparable in this City

    • Value Estimation
      $425,000
      3,000 SF

      7940 Johnson Ave

      MEDICAL BUILDING • 3,000 SF
      7940 Johnson Ave, Glenarden, MD 20706-1772
      View Details
    • Value Estimation by Request
      8,000 SF

      8005 Martin Luther King Jr Hwy

      MEDICAL BUILDING • 8,000 SF
      8005 Martin Luther King Jr Hwy, Lanham, MD 20706-1509
      View Details
    • Value Estimation by Request
      57,288 SF

      2900 Campus N Way

      MEDICAL BUILDING • 57,288 SF
      2900 Campus N Way, Lanham, MD 20706-2892
      View Details
    • Value Estimation by Request
      4,416 SF

      4850 Forbes Blvd

      MEDICAL BUILDING • 4,416 SF
      4850 Forbes Blvd, Lanham, MD 20706-4318
      View Details
    • Value Estimation by Request
      79,648 SF

      9885 Greenbelt Rd, Unit 2

      HOMES (RETIRED, NURSING) • 79,648 SF
      9885 Greenbelt Rd, Lanham, MD 20706-2302
      View Details
    • Value Estimation by Request
      85,477 SF

      6710 Mallery Dr

      HOSPITAL - PRIVATE • 85,477 SF
      6710 Mallery Dr, Lanham, MD 20706-3964
      View Details

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    Similar Nearby for Lease

    • $18 SF/Yr
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      Lanham, MD Office Space for Lease

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      View Details
    • Contact for pricing
      41,480 SF

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      Class B office building with ample parking and convenient location.
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      View Details
    • $17 SF/Yr
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      Office building with upgraded space and convenient location for lease.
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    • $600 /Mo

      Lanham Class A Office Building

      Class A office building in Lanham, near NASA.
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    • $15 SF/Yr
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      Four-story office building with renovated lobby and backup generator.
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    • $18 SF/Yr
      8,099 SF

      Lanham Office Building For Rent

      Four-story office building near NASA with on-site conference center.
      7404 Executive Pl, Lanham, MD 20706
      View Details
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    Good Luck Rd
    Lanham, MD 20706
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    Realmo Value Estimation

    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.

    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.

    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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