6303 Ivy LnGreenbelt, MD 20770

Property Details for 6303 Ivy Ln

Year built

1981

Construction

BRICK

Lot size

4.89 AC

Property size (Sq ft)

119,936 SF

Zone code

RTOLE

Property type

Office buildings

APN

21-3226859

APU

213226859

Description

This exceptional Class A office building, totaling 115,390 square feet, is situated in Greenbelt, Maryland's Capital Office Park, offering unparalleled convenience and amenities. Built in 1981 and extensively renovated in 2004, the eight-story building boasts 8 suites, with a minimum divisible space of 12,518 square feet. The property sits on 4.89 acres and includes 404 parking spaces, elevators, and 24/7 access via Datawatch keycard systems. Enjoy a prime location on the Capital Beltway at Kenilworth Avenue (Exit 23), providing easy access to Washington, D.C., Baltimore, and Northern Virginia via major highways. A short distance from the Greenbelt Metro station, this location offers convenient access to public transportation, including the Green and Yellow Metro Lines, MARC Commuter Trains, and the future Purple Line Light Rail. The property's strategic location also places it near the US District Courthouse, the University of Maryland, and NASA Goddard Space Flight Center. Numerous amenities enhance the workspace, including a conference center, private metro shuttle, fitness center with showers and locker rooms, on-site cafes, a restaurant, a food truck hub, executive garage parking, electric car charging stations, a car-sharing service, and an outdoor community pavilion. The adjacent Crowne Plaza hotel, recently renovated, offers additional conference and dining options. On-site property management and engineering teams ensure seamless operations. The building also offers premier building and monument signage with excellent visibility from the Capital Beltway. This is an ideal location for a corporate headquarters or large office tenant seeking a modern, amenity-rich environment with exceptional accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $25,398,128

  6.5%

  $23,444,426

  7%

  $21,769,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,085,708

  Geo Method

  $20,030,512

• Alternative Use

  Use

  Valuation

  Residential

  $29,071,088

  Hospitality

  $26,628,960

  Educational

  $22,154,982

  Medical

  $22,916,926

  Retail

  $34,463,304

Location Insight

City

Greenbelt

County

Prince George's

State

Maryland

Latitude

39.0085

Longitude

-76.898

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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