Medical Office
For Sale
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108 Old Solomons Island Road Unit A, Annapolis, MD 21401
Medical office condominium with convenient access to Rt 50 and I97.
Property Size2,035 SF
Price / SF$214
Days on Market109
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Property Features for 108 Old Solomons Island Road Unit A
General Information
Standard status
Active
Size
2,035 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Douglas Commercial
Listed By:
Scott Douglas · License #MD 580592
(301) 655-8253
Source:
Crexi
Added: Jun 29
Changed: Oct 10
Last Checked: Oct 14 at 10:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Commercial
Investment Insights
Based on property information with market context.
This 2,035-square-foot medical office condominium is located at 108 Old Solomons Island Road, Unit A. The property offers a dedicated setting for medical office use within a condominium format.
Positioned in Parole Town Center, the property is across Old Solomons Island Road from Annapolis Towne Center. Rt 50 and I97 are also nearby, providing direct access to the surrounding area.
Positioned in Parole Town Center, the property is across Old Solomons Island Road from Annapolis Towne Center. Rt 50 and I97 are also nearby, providing direct access to the surrounding area.
Key Highlights
- 2,035‑square‑foot medical office condominium
- Located in Parole Town Center
- Across Old Solomons Island Road from Annapolis Towne Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,505
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,100
$590.1K
Cap Rate 7%
$421,500
$421.5K
Cap Rate 9%
$327,833
$327.8K
Market Conditions
NOI Build-Up for 2,035 SF
Gross rent
$54.9K $27.00/SF
− Vacancy
−$5.8K −$2.84/SF
EGI
$49.2K $24.17/SF
− OpEx
−$19.7K −$9.67/SF
NOI
$29.5K $14.50/SF
Area
Anne Arundel County, MD
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,100
Cap Rate 7%
$421,500
Cap Rate 9%
$327,833
Alternative Uses
Best Use
Healthcare Medical
$421.5K
$368.8K – $491.8K
NOI $29,505 @ 7.0% cap · market cap 6.78%
Second Best
Office B
$203.8K
$178.3K – $237.8K
NOI $14,267 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$595.3K
$520.9K – $694.5K
NOI $41,670 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,002
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21401, MD
39,308
Population
19,293
Households
2
Avg Household Size
44
Median Age
61%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
1,975
Density / Sq Mi
$119,296
Median Household Income
$67,845
Median Earnings
$2,106
Median Rent
$580,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Petco Vaccination Clinic — 2319 Forest Dr D, Annapolis, MD 21401
- Petco Veterinary Services — 2319 Forest Dr D, Annapolis, MD 21401
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office condominium with convenient access to Rt 50 and I97.
Where is this medical office space located?
The property is located at 108 Old Solomons Island Road Unit A Annapolis, MD.
What is the asking price?
The asking price for this property is $435,490.
What are key features of this property?
This property features: 2,035‑square‑foot medical office condominium; Located in Parole Town Center; Across Old Solomons Island Road from Annapolis Towne Center
