3231 Superior LnBowie, MD 20715

Property Details for 3231 Superior Ln

Year built

1966

Lot size

0.07 AC

Property size (Sq ft)

1,099 SF

Zone code

CSC

Property type

Office properties

APN

07-3732336

APU

73732336

Description

This exceptional 1,099 square foot Class C medical/executive office condo is ideally situated in Bowie, Maryland, at 3231 Superior Lane, Suite A1, zip code 20715. Built in 1966, this first-floor unit boasts a highly desirable corner location, ensuring ample natural light throughout the space. The layout includes five individual offices, providing ample room for staff and clients. A well-appointed kitchen and a convenient bathroom add to the functionality of the space. A dedicated reception area creates a professional and welcoming atmosphere for visitors. Easy access parking is available for added convenience. The asking price for this turnkey opportunity is $225,000. This property presents a fantastic investment opportunity in a thriving Prince George's County location. The combination of its prime location, functional layout, and competitive price makes this an attractive option for medical professionals or businesses seeking a well-established office space.

• CAP approach

  CAP return

  Valuation

  6%

  $201,308

  6.5%

  $185,823

  7%

  $172,550

• Comparable approach

  Method

  Valuation

  Relative Method

  $64,199.30

  Geo Method

  $69,138.10

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $370,088

  Retail / Commercial

  $188,948

  Mixed-Use / Specialty

  $187,620

  Hospitality / Lodging

  $136,798

  Institutional / Educational

  $194,815

  Residential Income

  $227,933

  Multifamily

  $277,002

  Automotive / Energy

  $166,984

  Parking / Income-Based Land

  $58,271.30

  Restaurant / Food Service

  $96,184.70

  Healthcare / Senior Housing

  $193,072

Location Insight

City

Bowie

County

Prince George's

State

Maryland

Latitude

38.9775

Longitude

-76.7321

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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