Versatile Two-Story Commercial
For Sale
Contact for pricing
122 Severn Ave, Annapolis, MD 21403
Two-story commercial space with flexible layout, available May 2025.
Property Size5,344 SF
Days on Market203
Property Features for 122 Severn Ave
General Information
Standard status
Active
Size
5,344 SF
Property subtype
Office
Building Details
Building Size
5,344 SF
Stories
2
Listing Agency:
MacKenzie Commercial Real Estate | Baltimore
Listed By:
Trish Farrell
(410) 974-9003
Source:
Mackenziecommercial
Added: Apr 3
Changed: Oct 1
Last Checked: Oct 20 at 5:04PM
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 MacKenzie Commercial Real Estate | Baltimore
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Investment Insights
Based on property information with market context.
The property at 122 Severn Ave is available for sale or lease starting in May 2025. This two-story building features an office loft on the upper level and a flexible, open area on the first floor. The property includes six off-street parking spaces. A garage door with a 10'4" clearance provides convenient access to the first floor. Zoned WMM, the property is suitable for a variety of uses, including office, retail, light assembly, manufacturing, warehousing, and storage.
Key Highlights
- Flexible WMM zoning allows for a wide range of uses.
- Six off‑street parking spots included.
- Garage door (10'4" clearance) provides easy first‑floor access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,100
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,000
$562.0K
Cap Rate 7%
$401,429
$401.4K
Cap Rate 9%
$312,222
$312.2K
Market Conditions
NOI Build-Up for 5,344 SF
Gross rent
$43.0K $8.04/SF
− Vacancy
−$2.8K −$0.53/SF
EGI
$40.1K $7.51/SF
− OpEx
−$12.0K −$2.25/SF
NOI
$28.1K $5.26/SF
Area
Anne Arundel County, MD
Vacancy
6.57%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,000
Cap Rate 7%
$401,429
Cap Rate 9%
$312,222
Alternative Uses
Best Use
Flex RnD
$912.9K
$798.8K – $1.07M
NOI $63,903 @ 7.0% cap · market cap 255,612.00%
Second Best
Office B
$535.2K
$468.3K – $624.5K
NOI $37,467 @ 7.0% cap · market cap 149,868.00%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,428 @ 7.0% cap · market cap 437,712.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,545
Businesses Nearby
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Business Placement
Demographics for 21403, MD
31,521
Population
15,479
Households
2
Avg Household Size
42
Median Age
58%
College-Educated
91%
High-School Grad
9.3 sq mi
ZIP Area
3,389
Density / Sq Mi
$115,068
Median Household Income
$64,638
Median Earnings
$1,872
Median Rent
$566,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two-story commercial space with flexible layout, available May 2025.
Where is this office unit located?
The property is located at 122 Severn Ave Annapolis, MD.
What are key features of this property?
This property features: Flexible WMM zoning allows for a wide range of uses.; Six off‑street parking spots included.; Garage door (10'4" clearance) provides easy first‑floor access.
