Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    8827 Centre Park Dr Columbia, MD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space conveniently located off Rt. 100 in Columbia, MD.

    Type:RETAIL
    Property size:
    3,600 SF
    Lot size:
    2.10 Acres
    Added:
    Feb 1, 2023
    Days on Market:
    1189
    Last Refresh:
    Apr 5 at 10:20 pm

    Property Features for 8827 Centre Park Dr

    General Information

    Standard status
    Active
    Size
    3,600 SF
    Lot size
    2.10 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 8827 Centre Park Dr Contact us

    We can help!

    Listing Contact
    Ryan Minnehan
    Ryan Minnehan

    Listing agent Ryan Minnehan

    Listing office KLNB - Baltimore

    Listing date Feb 1, 2023

    Source Moodyscre

    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 KLNB - Baltimore

    Overview

    Retail Space on Centre Park

    This 3,600-square-foot retail space is located on Centre Park Drive, with convenient access from Route 100. The property benefits from its location within an area with a mix of office and residential populations. It is situated adjacent to a shopping center anchored by a Giant Food store.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mathnasium Tutoring Service Jimmy John's Take-out & Catering SkinTonic Spa & Massage Center Mini Nail Salon Nail Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Howard
    State
    Maryland
    Longitude
    -76.8149
    Latitude
    39.2278

    Nearby Similar for Lease

    • $5,528/Mo

      Office Space in Columbia, MD

      Office space available for lease in Columbia, Maryland.
      8850 COLUMBIA 100 Parkway, COLUMBIA, MD 21045
      View Details
    • Contact for pricing

      Columbia Town Center II

      10440 Little Patuxent Pkwy, Unit 300, Columbia, MD 21044
      View Details
    • Contact for pricing

      Columbia Town Center

      10320 Little Patuxent Pkwy, Unit 200, Columbia, MD 21044
      View Details
    • Contact for pricing

      Gateway

      6700 Alexander Bell Dr, Unit 200, Columbia, MD 21046
      View Details
    • Contact for pricing

      Deerpath Road

      6865 Deerpath Rd, Unit 101, Columbia, MD 21075
      View Details
    • $4,085/Mo

      Townhome Office Near Lake Elkhorn

      Two-story townhome office space for lease near Lake Elkhorn.
      7272 Cradlerock Way, COLUMBIA, MD 21045
      View Details
    • $4,081/Mo

      Office Unit For Lease

      Office unit available for lease in Columbia, Maryland.
      7274 Cradlerock Way, COLUMBIA, MD 21045
      View Details
    • $24 SF/Yr

      Columbia Office Space Available

      Office space for rent with parking and easy highway access.
      8805 Columbia 100 Pkwy, Columbia, MD
      View Details
    • Contact for pricing

      Columbia Office Building For Rent

      31,068 SF office building in Columbia, Maryland's Town Center.
      5560 Sterrett Place, Columbia, MD 21044
      View Details
    • Contact for pricing

      Premier Corporate Office Building

      Four-story office building in Columbia, Maryland with ample parking.
      8820 Columbia 100 Parkway, Columbia, MD 21045
      View Details
    • Contact for pricing

      Columbia Office Space for Sublease

      Office space for sublease with shared amenities in Columbia, MD.
      7134 Columbia Gateway Drive, Columbia, MD 21046
      View Details
    • Contact for pricing

      Class A Office Sublease

      Exclusive Class A office space available for sublease in Columbia.
      10175 Little Patuxent Parkway, Columbia, MD 21044
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space conveniently located off Rt. 100 in Columbia, MD.
    Where is this retail space located?
    The property is located at 8827 Centre Park Dr Columbia, MD.
    What are key features of this property?
    This property features: Convenient location on Centre Park Drive, easily accessible from Rt. 100; Excellent mix of office and residential population nearby; Adjacent to a successful Giant Food anchored shopping center
    (410) 321-0100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Minnehan
    Ryan Minnehan
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    8827 Centre Park Dr, Columbia, MD
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!