Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1110 Benfield Blvd Millersville, MD 21108

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    9,000 SF flex/office space in I-97 Business Park.

    Property size:
    9,000 SF
    Lot size:
    10.12 Acres

    Property Features for 1110 Benfield Blvd

    General Information

    Size
    9,000 SF
    Lot size
    10.12 Acres

    We can help!

    Listing Contact
    Michael Tait
    Source: Moodyscre

    Listing Agent: Michael Tait

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

    Learn more

    Overview

    Millersville Flex/Office Space Available

    Located in the I-97 Business Park on Benfield Blvd off of I-97, this property offers convenient access to I-95 and MD Rt. 50. The 67-acre Anne Arundel County business community includes over 552,160 square feet of office and flex/R&D space. It provides connections to downtown Annapolis and Maryland’s Eastern Shore, as well as Fort Meade, Baltimore, BWI Airport, Columbia, and Washington, D.C. The construction is brick on block. The flex space features a ceiling height of 16-18 ft. clear, while the office space has a 10 ft. clear ceiling height. Parking is available at a ratio of 4-5 spaces per 1,000 sq. ft. The zoning is W-1. The property consists of 100% office space with multiple private offices and large open work areas. The property size is 9,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Arundel Electrical Contractors Contractor Lauren Williams Counselor Technology Assessment & Transfer Research And Product Development

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Millersville
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6328987
    Latitude
    39.0950247

    Nearby Similar for Lease

    • $3,300 /Mo

      Modern Row Home in Willows

      Energy-efficient 3-bedroom row home for rent in Millersville, MD.
      8217 Longford Rd Rd, Millersville, MD 21108
      View Details
    • Contact for pricing
      9,600 SF

      Millersville Office and Flex Space

      Office and flex space in convenient business park location.
      255 Najoles Rd, Millersville, MD 21108
      View Details
    • Contact for pricing
      5,400 SF

      Flex Space Near I-97

      Flex/R&D space with easy access to major routes.
      1127 Benfield Blvd, Millersville, MD 21108
      View Details
    • Contact for pricing
      3,000 SF

      Flex Space Near I-97

      Office and warehouse space with easy highway access.
      1114 Benfield Blvd, Millersville, MD 21108
      View Details
    • Contact for pricing
      3,752 SF

      Office and Flex Space Available

      Office and flex/R&D space with easy access to highways.
      231 Najoles Rd, Millersville, MD 21108
      View Details
    • $14 SF/Yr
      3,000 SF

      Millersville Warehouse and Office Space

      Warehouse and office space with immediate I-97 access.
      301 Najoles Rd, Millersville, MD 21108
      View Details
    • Contact for pricing
      3,825 SF

      Office Space in I-97 Park

      Office space in a convenient business park with easy access.
      1111 Benfield Blvd, Millersville, MD 21108
      View Details
    • Contact for pricing
      13,190 SF

      Old Mill Plaza Retail Space

      Millersville, MD: Prime Retail Opportunity
      657-699 Old Mill Rd, Millersville, MD 21108
      View Details
    • Contact for pricing

      Prime Car Wash Opportunity

      Car wash location in the heart of Anne Arundel County.
      8205 Veterans Hwy, Millersville, MD 21108
      View Details
    • Contact for pricing
      39,574 SF

      Millersville Flex Space Available

      Flex space for lease in Millersville, Maryland.
      8229 Cloverleaf Dr | Millersville, Millersville, MD 21108
      View Details
    • Contact for pricing
      1,160 SF

      Retail Space in Millersville Center

      Community strip center anchored by Shoppers Food Warehouse.
      672-674 Old Mill Rd, Millersville, MD 21108
      View Details
    • Contact for pricing
      1,686 SF

      Millersville Office Space Available

      Office space for rent in a sought-after Millersville location.
      741 Generals Hwy, Millersville, MD 21108
      View Details

    FAQs

    What type of property is this?
    Flex space - 9,000 SF flex/office space in I-97 Business Park.
    Where is this flex space located?
    The property is located at 1110 Benfield Blvd Millersville, MD.
    What are key features of this property?
    This property features: - Convenient location off I-97 with easy access to I-95 and MD Rt. 50.; - Located in I-97 Business Park, a 67-acre Anne Arundel County business community.; - Includes over 552,160 sq. ft. of office and flex/R&D space.
    (410) 788-0100
    Request Owner's contact information
    1110 Benfield Blvd Millersville, MD 21108
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1110 Benfield Blvd
    Millersville, MD 21108
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1110 Benfield Blvd Millersville, MD 21108
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Tait
    (410) 788-0100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.