6404 Ivy LnGreenbelt, MD 20770

Property Details for 6404 Ivy Ln

Year built

1987

Construction

BRICK

Lot size

8.12 AC

Property size (Sq ft)

173,794 SF

Zone code

RTOLE

Property type

Office properties

Property subtype

Office buildings

APN

21-2397594

APU

212397594

Description

This exceptional Class A office building, totaling 176,828 square feet, is situated in Greenbelt, Maryland's Capital Office Park, a vibrant and amenity-rich complex. Built in 1984 and extensively renovated in 2019, the single building offers multiple tenancy options ranging from 1,213 to 21,383 square feet. Enjoy unparalleled convenience with a prime location on the Capital Beltway (I-95/I-495) at Kenilworth Avenue (Exit 23), providing effortless access to Washington, D.C., Baltimore, and Northern Virginia via major highways. The Greenbelt Metro station is within a mile, offering easy access to the Green and Yellow Lines, MARC trains, and future Purple Line Light Rail. Proximity to BWI, DCA, and IAD airports further enhances accessibility. The property boasts a wealth of amenities, including a state-of-the-art conference center, a private metro shuttle, a fully equipped fitness center with classes, on-site cafes, a restaurant, a food truck hub, executive garage parking, ample surface parking, electric car charging stations, and a car-sharing service. 24/7 access is ensured via a keycard system. The on-site Crowne Plaza hotel, recently renovated, offers additional conference and dining options. All leases include full-service utilities, nightly janitorial service, and maintenance. Nearby are the US District Courthouse, the University of Maryland, and NASA Goddard Space Flight Center. This is a truly exceptional opportunity for businesses seeking a premier office space in a dynamic and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $36,803,312

  6.5%

  $33,972,288

  7%

  $31,545,696

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,165,701

  Geo Method

  $29,025,336

• Alternative Use

  Use

  Valuation

  Residential

  $42,125,636

  Hospitality

  $38,586,856

  Educational

  $32,103,812

  Medical

  $33,207,912

  Retail

  $49,939,264

Location Insight

City

Greenbelt

County

Prince George's

State

Maryland

Latitude

39.0092

Longitude

-76.8963

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

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