Add Listing
    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

    898 Airport Park Rd Glen Burnie, MD 21061

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $20 SF/Yr

    Office space near BWI and Northrop Grumman available for rent.

    Lot size:
    5.33 Acres

    Property Features for 898 Airport Park Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    5.33 Acres

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    Steven Chapman
    Source: Elliman

    Listing Agency: Douglas Realty LLC Listing Agent: Steven Chapman

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

    Learn more

    Overview

    Glen Burnie Office Space Available

    This office space is located conveniently to BWI and Northrop Grumman. The rental rate of $20 per square foot covers rent, electric, water, and sewage. The property features ample parking and a secure 2nd-floor location. Several other locations of various sizes are also available.
    Location Intelligence

    Current Use by Public Records

    Gladys D Green Restaurant Relational Excellence, LLC Medical Clinic Guardian Financial Advisory, ... Insurance Agency IBEW Banquet Hall Advocacy Group Champion National Security Security Service

    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
    Glen Burnie
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6443902
    Latitude
    39.1735744

    Nearby Similar for Lease

    • $1,900 /Mo

      Move-in Ready Glen Burnie Office

      Open office space with natural light in Glen Burnie.
      308 Crain Hwy N, Glen Burnie, MD 21061
      View Details
    • $3,000 /Mo

      Turnkey Medical Office Condo

      Shared medical office space in Glen Burnie, MD.
      325 Hospital Dr, Glen Burnie, MD 21061
      View Details
    • $1,000 /Mo

      Glen Burnie Office Space Available

      Office space ideal for medical, tax, or professional use.
      1412 Crain Hwy N, Glen Burnie, MD 21061
      View Details
    • $20 SF/Yr
      232,175 SF

      Glen Burnie Office Space Available

      Office space for lease near BWI and Northrop Grumman.
      898 Airport Park Rd, Glen Burnie, MD 21061
      View Details
    • $750 /Mo

      Office Space with Shared Amenities

      Office space with shared kitchen and bathroom, convenient location.
      1412 Crain Hwy N 8B, Glen Burnie, MD 21061
      View Details
    • $18 SF/Yr
      1,000 SF

      Turnkey Medical/Office Space Available

      1000 SF medical/office space with ample parking near I-97.
      7836 Oakwood Rd, Glen Burnie, MD 21061
      View Details
    • $20 SF/Yr
      2,000 SF

      Medical Suite in Glen Burnie

      First floor medical suite near Route 100 and Crain Highway.
      1411 Madison Park Dr, Glen Burnie, MD 21061
      View Details
    • $1,000 /Mo

      Well-Maintained Office Space Available

      Professional office space for rent with ample parking.
      113 Delaware Ave, Glen Burnie, MD 21061
      View Details
    • $20 SF/Yr

      Glen Burnie Office Space Available

      Office space near BWI and Northrop Grumman for rent.
      898 Airport Park Rd, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      32,729 SF

      Glen Burnie Retail Opportunity

      Retail spaces available in Glen Burnie with high visibility.
      310-344 Hospital Dr, Glen Burnie, MD 21061
      View Details
    • $22 SF/Yr

      Medical Office Building in Riverdale

      Medical office suites available near the upcoming Purple Line Metro.
      6510 Kenilworth Ave, Riverdale, MD 20737
      View Details
    • Contact for pricing

      Professional Office Building Near Route 1

      Office suites suitable for medical and professional uses.
      6200 Baltimore Ave, Riverdale, MD 20737
      View Details

    FAQs

    What type of property is this?
    Office units - Office space near BWI and Northrop Grumman available for rent.
    Where is this office units located?
    The property is located at 898 Airport Park Rd Glen Burnie, MD.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Convenient location near BWI and Northrop Grumman; - All-inclusive rent at $20/sf covers rent, electric, water, and sewage; - Ample parking
    (443) 994-3210
    Request Owner's contact information
    898 Airport Park Rd Glen Burnie, MD 21061
    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.
    898 Airport Park Rd
    Glen Burnie, MD 21061
    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
    898 Airport Park Rd Glen Burnie, MD 21061
    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
    Steven Chapman
    Real Estate License ID: 79485
    (443) 994-3210 (410) 255-3690 (804) 747-1740
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!