7755 Belle Point DrGreenbelt, MD 20770

Property Details for 7755 Belle Point Dr

Year built

1990

Construction

BRICK

Lot size

0.07 AC

Property size (Sq ft)

860 SF

Zone code

CO

Property type

Office properties

APN

21-2295863

APU

212295863

Description

This bankruptcy sale presents a unique opportunity to acquire two adjacent office condo units totaling 1,740 square feet in Greenbelt, Maryland. Located at 7755 & 7757 Belle Point Drive, this property offers a versatile layout suitable for various commercial or medical office uses. Each unit is situated within a two-story Class B building constructed in 1990, with a combined lot size of 0.065 acres. Unit 7755 Belle Point Drive comprises 860 square feet, while 7757 Belle Point Drive offers 880 square feet. The property is currently vacant, providing immediate occupancy for the new owner. The asking price is $278,400, translating to $160 per square foot. This prime location in Greenbelt offers easy access to major roadways, including I-495, placing it within a thriving technology corridor near major tech companies, research institutions, and innovation hubs. The property's convenient location provides quick access to Washington, D.C., and other parts of Maryland and Virginia. The property consists of two buildings, each two stories high, and is identified by APN numbers 21-2295863 and 21-2295871. This is an owner/user investment opportunity in Prince George's County, Maryland, zip code 20770. Don't miss this chance to own a well-situated office space in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $206,399

  6.5%

  $190,522

  7%

  $176,914

• Comparable approach

  Method

  Valuation

  Relative Method

  $65,149

  Geo Method

  $143,629

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $377,503

  Retail / Commercial

  $193,110

  Mixed-Use / Specialty

  $192,050

  Hospitality / Lodging

  $140,418

  Institutional / Educational

  $199,522

  Residential Income

  $233,441

  Multifamily

  $282,036

  Automotive / Energy

  $171,019

  Parking / Income-Based Land

  $59,383.60

  Restaurant / Food Service

  $99,094

  Healthcare / Senior Housing

  $197,325

Location Insight

City

Greenbelt

County

Prince George's

State

Maryland

Latitude

38.9972

Longitude

-76.8897

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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