16481 Excalibur RdBowie, MD 20716

  • Retail properties
  • 4,077 SF
For Sale
$3,850,000 View listing

Property Details for 16481 Excalibur Rd

Year built
2008
Lot size
1.02 AC
Property size (Sq ft)
4,077 SF
Zone code
CGO
Property type
Retail properties
Property subtype
Banks
APN
07-2871408
APU
72871408

Description

This exceptional investment opportunity presents a 3,468 square foot, single-tenant, absolute NNN ground lease property located at 16481 Excalibur Rd, Bowie, MD 20716. The property is currently 100% occupied by PNC Bank, a highly credit-rated tenant with a corporate guarantee, offering significant financial stability. The lease features four 5-year renewal options with a 15% rent increase at each option, extending the potential lease term to approximately 23 years. The property boasts a strong NOI of $258,548 and a 6.72% cap rate. Situated on a 1.02-acre lot with 25 parking spaces, the property benefits from a prime retail corridor location in the Washington D.C. MSA, next to Collington Plaza and surrounded by major retailers. The property enjoys high visibility on Crain Hwy, with over 65,000 vehicles passing daily, and is situated on a hard signalized corner. The surrounding community is affluent, with an average household income exceeding $148,000 within a 5-mile radius. A major development directly across the street is underway, further enhancing the property's value and future potential. Built in 2007, this property offers a secure, high-performing investment with substantial long-term growth potential. The asking price is $3,850,000. The property is part of a ground lease with an expiration date of January 31, 2027, leaving approximately 2.2 years remaining on the initial lease term. The property's location within the Washington D.C. MSA and its strong tenant make this a compelling investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $968,644
    6.5%
    $894,133
    7%
    $830,267
  • Comparable approach

    Method
    Valuation
    Relative Method
    $600,169
    Geo Method
    $646,340
  • Alternative Use

    Use
    Valuation
    Residential
    $754,235
    Hospitality
    $690,875
    Educational
    $574,800
    Medical
    $594,568
    Retail
    $894,133
16481 Excalibur Rd, Bowie, Maryland

Location Insight

City
Bowie
County
Prince George's
State
Maryland
Latitude
38.9349
Longitude
-76.7186
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
$82,719
-
-
$6,055,533
-
$1,558,900
$4,584,500
$6,143,400

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