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    229 Hanover St Annapolis, MD 21401

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    For Lease
    $4,000,000

    Turnkey office with covered parking in downtown Annapolis.

    Property size:
    2,700 SF
    Lot size:
    0.27 Acres

    Property Features for 229 Hanover St

    General Information

    Size
    2,700 SF
    Lot size
    0.27 Acres

    Source: Douglas Commercial Agent Scott Douglas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Annapolis Turnkey Office Space

    This turnkey office space is located in downtown Annapolis and features a law firm-type layout with a library. The property includes 13 covered on-site parking spaces. There is an opportunity for building signage. The location provides easy access to Route 50, Interstate 97, City Dock, the State House, courthouses, and the Navy Stadium. The property offers 2,700 square feet of space and was available starting January 1, 2022.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KRR Web Design Website Designer KRR PHOTOGRAPHY LIMITED Photographer Senior Citizen's Law ... County Government Office KRR Creative Strategies Business Management Consultant

    Suggested Use

    Restaurant Law Firm Spa & Massage Hair Salon Dental Office Realty agency Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Annapolis
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.488185
    Latitude
    38.9822379

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    FAQs

    What type of property is this?
    Office space - Turnkey office with covered parking in downtown Annapolis.
    Where is this office space located?
    The property is located at 229 Hanover St Annapolis, MD.
    What are key features of this property?
    This property features: - Turn-key office space in downtown Annapolis; - 13 covered onsite parking spaces; - Law firm-type layout with library
    (301) 655-8253
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    229 Hanover St Annapolis, MD 21401
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    Annapolis, MD 21401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    229 Hanover St Annapolis, MD 21401
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