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Flex/R&D Space in Gambrills
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982 Waugh Chapel Way, Gambrills, MD

Future flex/R&D space in Waugh Chapel Business Park.

Space Size2,369 SF - 3,048 SF
Lot Size33.23 Acres
Days on Market1049

Property Features for 982 Waugh Chapel Way

General Information

Standard status Active
Size 2,369 SF - 3,048 SF
Lot size 33.23 Acres
Property subtype FLEX_R_AND_D

Spaces For Lease

at 982 Waugh Chapel Way Contact us

982 Waugh Chapel Way AVAILABLE, Completion

Floor 1
Size 2,369 SF
Type FLEX_R_AND_D
Rate Contact for pricing
Sublease No
- Future flex/R&D with 18' clear, drive-in loading (6), dock doors (6) - Waugh Chapel Business Park is a 24-acre business community located directly adjacent to a variety of retail, entertainment and dining amenities at Waugh Chapel Towne Centre in Gambrills. Upon completion, the Anne Arundel County business community will include 226,840 square feet of flex/R&D space. Located immediately off Crain Highway (MD Route 3), the park offers quick connections to Baltimore, Annapolis or Washington, D.C. by way of Interstate 97, MD Routes 32, 175, and US 50. - Construction: Brick on block - Parking: 4 spaces per 1,000 sq. ft. - Ceiling Height: 18 ft. clear minimum - Zoning: MXD-R
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982 Waugh Chapel Way AVAILABLE, Completion

Floor 1
Size 2,560 SF
Type FLEX_R_AND_D
Rate Contact for pricing
Sublease No
- Future flex/R&D with 18' clear, drive-in loading (6), dock doors (6) - Waugh Chapel Business Park is a 24-acre business community located directly adjacent to a variety of retail, entertainment and dining amenities at Waugh Chapel Towne Centre in Gambrills. Upon completion, the Anne Arundel County business community will include 226,840 square feet of flex/R&D space. Located immediately off Crain Highway (MD Route 3), the park offers quick connections to Baltimore, Annapolis or Washington, D.C. by way of Interstate 97, MD Routes 32, 175, and US 50. - Construction: Brick on block - Parking: 4 spaces per 1,000 sq. ft. - Ceiling Height: 18 ft. clear minimum - Zoning: MXD-R
Contact us

982 Waugh Chapel Way AVAILABLE, Completion

Floor 1
Size 3,048 SF
Type FLEX_R_AND_D
Rate Contact for pricing
Sublease No
- Future flex/R&D with 18' clear, drive-in loading (6), dock doors (6) - Waugh Chapel Business Park is a 24-acre business community located directly adjacent to a variety of retail, entertainment and dining amenities at Waugh Chapel Towne Centre in Gambrills. Upon completion, the Anne Arundel County business community will include 226,840 square feet of flex/R&D space. Located immediately off Crain Highway (MD Route 3), the park offers quick connections to Baltimore, Annapolis or Washington, D.C. by way of Interstate 97, MD Routes 32, 175, and US 50. - Construction: Brick on block - Parking: 4 spaces per 1,000 sq. ft. - Ceiling Height: 18 ft. clear minimum - Zoning: MXD-R
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Listing Agency: St. John Properties - Corporate
Listed By: Michael Tait
Source: Moodyscre
Added: Nov 21, 2023 Changed: Oct 4 Last Checked: Oct 4 at 11:13AM

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 St. John Properties - Corporate

Investment Insights

Based on property information with market context.

This flex/R&D space is located within the 24-acre Waugh Chapel Business Park in Gambrills, adjacent to retail, entertainment, and dining amenities at Waugh Chapel Towne Centre. Upon completion, the Anne Arundel County business community will include 226,840 square feet of flex/R&D space. The building features brick on block construction with a minimum ceiling height of 18 feet. Loading is facilitated by six drive-in doors and six dock doors. Parking is available at a ratio of 4 spaces per 1,000 square feet. The property is zoned MXD-R. Situated immediately off Crain Highway (MD Route 3), the park provides convenient access to Baltimore, Annapolis, and Washington, D.C. via Interstate 97, MD Routes 32 and 175, and US 50. The property size is 3,048 square feet.

Key Highlights

  • Prime location adjacent to Waugh Chapel Towne Centre's retail, entertainment, and dining amenities.
  • Excellent connectivity to Baltimore, Annapolis, and Washington, D.C. via major highways.
  • Future flex/R&D space within a 24‑acre business park.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Law Firm Building Supply Big Box & Wholesale Store HVAC Service Auto Parts Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

385
Businesses Nearby
Balanced
Demand for This Use
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Similar Off Market Nearby

  • B&C Delectables — 1025 Carbondale Way, Gambrills, MD 21054
  • Firehouse Subs Waugh Chapel — 2622 Brandermill Blvd, Gambrills, MD 21054

Frequently Asked Questions

What type of property is this?
Flex space - Future flex/R&D space in Waugh Chapel Business Park.
Where is this flex space located?
The property is located at 982 Waugh Chapel Way Gambrills, MD.
What are key features of this property?
This property features: Prime location adjacent to Waugh Chapel Towne Centre's retail, entertainment, and dining amenities.; Excellent connectivity to Baltimore, Annapolis, and Washington, D.C. via major highways.; Future flex/R&D space within a 24‑acre business park.
(443) 464-1315 Call to check price and availability
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