8181 Professional PlLandover, MD 20785

Property Details for 8181 Professional Pl

Year built

1981

Construction

BRICK

Lot size

3.21 AC

Property size (Sq ft)

65,093 SF

Zone code

RTOHE

Property type

Office buildings

APN

20-2223832

APU

202223832

Description

This exceptional office property, located at 8181 Professional Pl, Landover, MD 20785, offers a diverse range of flexible spaces ideal for businesses of all sizes. The building, a Class B property constructed in 1986 and extensively renovated in 2022, boasts a total of 55,000 square feet across two stories. Currently, 5,000 square feet of vacant space is available, divisible into units as small as 1,405 square feet and up to a contiguous 5,000 square feet. The building features a convenient 4 parking spaces per 1000 square feet, along with elevators for easy access to all floors. The high ceilings, measuring 9 feet, create a spacious and comfortable work environment. Situated in the New Carrollton submarket of Prince George's County, this property benefits from excellent access to major transportation routes and amenities. The building's modern design and recent renovations ensure a contemporary and efficient workspace, making it an attractive option for businesses seeking a well-maintained and conveniently located office space in the thriving Landover area. Multiple suites are available, offering a variety of configurations to suit individual business needs. This is a rare opportunity to secure high-quality office space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $10,520,601

  6.5%

  $9,711,324

  7%

  $9,017,658

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,802,480

  Geo Method

  $10,871,182

• Alternative Use

  Use

  Valuation

  Residential

  $12,042,042

  Hospitality

  $11,030,446

  Educational

  $9,177,202

  Medical

  $9,492,820

  Retail

  $14,275,647

Location Insight

City

Landover

County

Prince George's

State

Maryland

Latitude

38.9489

Longitude

-76.8655

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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