6411 Ivy LnGreenbelt, MD 20770

Property Details for 6411 Ivy Ln

Year built

1984

Construction

BRICK

Lot size

5.08 AC

Property size (Sq ft)

145,274 SF

Zone code

RTOLE

Property type

Office buildings

APN

21-2397503

APU

212397503

Description

This exceptional Class A office building, totaling 146,644 square feet, offers multiple tenancy options ranging from 838 to 21,096 square feet. Located in Greenbelt, Maryland's desirable Capital Office Park, this 1984-built property underwent a significant renovation in 2019, boasting a modern lobby, updated elevators, restrooms, and common areas. The building features 441 parking spaces, including executive garage parking, surface parking, electric car charging stations, and a car-sharing service. Amenities are abundant and include a fitness center with showers and locker rooms, wellness programs, two cafes, a restaurant, a food truck hub, a conference center, and a private metro shuttle to the Greenbelt station. Enjoy 24/7 access with a keycard system and an on-site property management and engineering team. The building's convenient location offers easy access to major highways (I-495, I-95, Baltimore-Washington Parkway, I-270, and the ICC), the Greenbelt Metro station (Green and Yellow Lines, MARC train access), and three major airports (BWI, DCA, and IAD). Nearby attractions include the US District Courthouse, the University of Maryland, and NASA Goddard Space Flight Center. This property is ideal for businesses seeking a modern, amenity-rich workspace with unparalleled connectivity.

• CAP approach

  CAP return

  Valuation

  6%

  $34,865,600

  6.5%

  $32,183,700

  7%

  $29,884,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,005,200

  Geo Method

  $24,262,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $63,769,100

  Retail / Commercial

  $32,620,800

  Mixed-Use / Specialty

  $32,441,800

  Hospitality / Lodging

  $23,719,800

  Institutional / Educational

  $33,703,900

  Residential Income

  $39,433,600

  Multifamily

  $47,642,400

  Automotive / Energy

  $28,889,100

  Parking / Income-Based Land

  $10,031,300

  Restaurant / Food Service

  $16,739,300

  Healthcare / Senior Housing

  $33,332,800

Location Insight

City

Greenbelt

County

Prince George's

State

Maryland

Latitude

39.0078

Longitude

-76.8943

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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