Medical Office
For Sale
Contact for pricing
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 Market64
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
(301) 655-8253
Listed By:
Scott Douglas · License #MD 580592
Source:
Crexi
Added: Jun 29
Changed: Aug 30
Last Checked: Aug 30 at 5:46PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,505
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
