5879 Allentown RdCamp Springs, MD 20746

Property Details for 5879 Allentown Rd

Year built

1987

Lot size

0.13 AC

Property size (Sq ft)

1,929 SF

Zone code

CO

Property type

Office properties

APN

06-0446922

APU

60446922

Description

This 1,929 square foot, two-level office condo is situated in the Park Place Professional Center in Camp Springs, Maryland. The property, built in 1987, is a Class B building and features a convenient single-story design. The zoning is CO. The first floor offers a reception area, private office space, a conference/breakroom, and a restroom. The second floor provides six additional private offices and another restroom. This versatile space is ideal for a variety of professional uses, including executive, medical, or traditional office settings. The 0.132-acre lot provides ample parking for staff and clients. Its strategic location offers easy access to major transportation arteries, including I-495 North and South, placing it just 12 miles from Washington, D.C., and approximately 25 minutes from Reagan National Airport. The proximity to Andrews Air Force Base further enhances its appeal. The asking price for this well-maintained property is $298,995. This presents a compelling opportunity for business owners seeking a functional and conveniently located office space.

• CAP approach

  CAP return

  Valuation

  6%

  $498,512

  6.5%

  $460,165

  7%

  $427,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $322,162

  Geo Method

  $322,162

• Alternative Use

  Use

  Valuation

  Residential

  $570,604

  Hospitality

  $522,670

  Educational

  $434,856

  Medical

  $449,811

  Retail

  $676,442

Location Insight

City

Suitland

County

Prince George's

State

Maryland

Latitude

38.8082

Longitude

-76.9005

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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