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Cash-Flowing Office with Significant Upside 7701 Greenbelt Rd 125,878 SF 29% Leased Office Building Online Auction Sale Greenbelt, MD 20770
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Investment Highlights
- 7701 Greenbelt Road is a recently renovated 125,878-square-foot Class A office with occupancy growth potential from its current 29% leased position.
- Direct access to I-495/I-95 and Route 295 connects tenants to Washington, DC, Bethesda, Arlington, Columbia, and regional job centers.
- Located within Greenbelt’s established Medical Mile, surrounded by 140+ healthcare tenants occupying nearly 400,000 SF, with existing medical tenancy
- Prominent 7.68-acre corner site offering abundant parking and exceptional visibility at a major Greenbelt intersection exposed to 70,000 VPD.
Executive Summary
7701 Greenbelt Road represents a compelling value-add investment opportunity in Prince George’s County.
The recently renovated office totals 125,878 square feet across five stories and sits on a 7.68-acre corner parcel at Greenbelt Road and Hanover Parkway. The Class A asset features abundant parking and on-site amenities, including East Pearl Bistro. Currently 29% leased, the property provides significant upside through lease-up and strategic suite reconfiguration. Positive net operating income as of June 2026 provides existing income while allowing investors to pursue occupancy growth. Demand for smaller commercial office suites in the submarket creates an opportunity to subdivide existing floor plates and enhance leasing velocity.
Immediate access to Interstate 95/495 and Route 295 connects the property to Washington, DC, Bethesda, and major regional employment centers. Nearby demand drivers include NASA Goddard Space Flight Center, the University of Maryland, and Greenbelt Metro.
Walkable access to Safeway, CVS, PetSmart, DMV Iron Gym, and multiple restaurants, combined with proximity to Beltway Plaza Mall, further supports tenant attraction and retention. Strong accessibility, a desirable amenity base, and substantial leasing upside position the property for long-term value creation.
7701 Greenbelt Road is located within Greenbelt’s established Medical Mile, surrounded by an estimated 140+ healthcare tenants occupying nearly 400,000 SF in the immediate area. The property already has an existing medical tenant base, including Washington Radiology, Metropolitan Women’s Group and Children’s National Pediatricians & Associates, providing a natural foundation to target additional healthcare users as part of the building’s lease-up strategy.
Property tours are available by appointment only. Please contact the listing broker to schedule.
The recently renovated office totals 125,878 square feet across five stories and sits on a 7.68-acre corner parcel at Greenbelt Road and Hanover Parkway. The Class A asset features abundant parking and on-site amenities, including East Pearl Bistro. Currently 29% leased, the property provides significant upside through lease-up and strategic suite reconfiguration. Positive net operating income as of June 2026 provides existing income while allowing investors to pursue occupancy growth. Demand for smaller commercial office suites in the submarket creates an opportunity to subdivide existing floor plates and enhance leasing velocity.
Immediate access to Interstate 95/495 and Route 295 connects the property to Washington, DC, Bethesda, and major regional employment centers. Nearby demand drivers include NASA Goddard Space Flight Center, the University of Maryland, and Greenbelt Metro.
Walkable access to Safeway, CVS, PetSmart, DMV Iron Gym, and multiple restaurants, combined with proximity to Beltway Plaza Mall, further supports tenant attraction and retention. Strong accessibility, a desirable amenity base, and substantial leasing upside position the property for long-term value creation.
7701 Greenbelt Road is located within Greenbelt’s established Medical Mile, surrounded by an estimated 140+ healthcare tenants occupying nearly 400,000 SF in the immediate area. The property already has an existing medical tenant base, including Washington Radiology, Metropolitan Women’s Group and Children’s National Pediatricians & Associates, providing a natural foundation to target additional healthcare users as part of the building’s lease-up strategy.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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- Operating and Financials
- Purchase Agreement
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Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
125,878 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1988/2010
Percent Leased
29%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
24,650 SF
Slab To Slab
9’
Building FAR
0.38
Lot Size
7.68 AC
Parcel Number
21-2319721
Zoning
CO - Commercial Office
Parking
440 Spaces (3.5 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Food Service
- Restaurant
- Balcony
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 2nd Fl-Ste 200
- 7,769 SF
- Office
- Full Build-Out
- 30 Days
3 bureaux privés et un espace ouvert.
5 bureaux privés.
6 bureaux privés.
4 bureaux privés
Espace de bureau au 3e étage.
Espace de bureau au 4e étage.
Espace de bureau au 5e étage.
Espace de bureau au 5e étage.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 200 | 7,769 SF | Office | Full Build-Out | 30 Days |
| 2nd Fl-Ste 202 | 2,422 SF | Office | Full Build-Out | 30 Days |
| 2nd Fl-Ste 204 | 2,139 SF | Office | Full Build-Out | 30 Days |
| 2nd Fl-Ste 206 | 2,530 SF | Office | Full Build-Out | 30 Days |
| 2nd Fl-Ste 208 | 1,244 SF | Office | Full Build-Out | 30 Days |
| 2nd Fl-Ste 215 | 7,112 SF | Office | Full Build-Out | 30 Days |
| 3rd Fl-Ste 340 | 11,805 SF | Office | Full Build-Out | 30 Days |
| 4th Fl-Ste 400 | 27,281 SF | Office | Full Build-Out | 30 Days |
| 5th Fl-Ste 504 | 5,010 SF | Office | Full Build-Out | 30 Days |
| 5th Fl-Ste 506 | 1,877 SF | Office | Full Build-Out | 30 Days |
2nd Fl-Ste 200
| Size |
| 7,769 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 202
| Size |
| 2,422 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 204
| Size |
| 2,139 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 206
| Size |
| 2,530 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 208
| Size |
| 1,244 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 215
| Size |
| 7,112 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
3rd Fl-Ste 340
| Size |
| 11,805 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
4th Fl-Ste 400
| Size |
| 27,281 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
5th Fl-Ste 504
| Size |
| 5,010 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
5th Fl-Ste 506
| Size |
| 1,877 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 202
| Size | 2,422 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
3 bureaux privés et un espace ouvert.
2nd Fl-Ste 204
| Size | 2,139 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
5 bureaux privés.
2nd Fl-Ste 206
| Size | 2,530 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
6 bureaux privés.
2nd Fl-Ste 208
| Size | 1,244 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
4 bureaux privés
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 215
| Size | 7,112 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 340
| Size | 11,805 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Espace de bureau au 3e étage.
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
4th Fl-Ste 400
| Size | 27,281 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Espace de bureau au 4e étage.
5th Fl-Ste 504
| Size | 5,010 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Espace de bureau au 5e étage.
5th Fl-Ste 506
| Size | 1,877 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Espace de bureau au 5e étage.
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
16,333
100,495
277,644
2020 Population
17,116
101,606
276,903
2030 Population
16,356
101,480
281,230
2025-2030 Projected Population Growth
0.1%
1.0%
1.3%
Daytime Employees
8,783
57,279
158,394
Total Businesses
1,668
5,091
12,827
Average Household Income
$104,816
$113,720
$117,225
Median Household Income
$85,806
$92,116
$93,383
Total Consumer Spending
$204.5M
$1.1B
$3B
Median Age
42.5
38.2
36.0
2025 Households
6,946
33,813
89,932
Percent College Degree or Above
23%
20%
19%
Average Home Value
$334,458
$407,059
$462,588
$ values in USD
Sale Advisors
Sale Advisors
Chris Kubler, Investment Sales / Principal
Chris leads KLNB’s team focused on marketing industrial, flex, and office investment properties. A top producer, Chris has transacted over $1.2 billion since joining KLNB, where his clients value his tenacity and ability to uncover off-market acquisition opportunities. He joined KLNB as a partner in 2002.
Before KLNB, Chris worked at CBRE, benefiting from the training and mentorship of current NAI Global CEO and President Jay Olshonsky. He earned his Bachelor’s degree in International Relations at American University, where his study of economics and diplomacy laid the groundwork for his career in investment sales.
Before KLNB, Chris worked at CBRE, benefiting from the training and mentorship of current NAI Global CEO and President Jay Olshonsky. He earned his Bachelor’s degree in International Relations at American University, where his study of economics and diplomacy laid the groundwork for his career in investment sales.
Donald Schline, Senior Vice President
Don Schline has represented institutions, REIT’s, advisors and high net worth individuals in the acquisition and disposition of single-tenant, multi-tenant, sale lease-back and owner – occupied commercial real estate.
About the Auction Technology
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Auction Contact
Casey Harrell
Contact
Auctioneer License:
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Videos
Matterport 3D Exterior
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Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Cash-Flowing Office with Significant Upside | 7701 Greenbelt Rd
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