Three-Story Office
1200-1202 West St Annapolis, MD 21401
For Sale
Contact for pricing
Three-floor office building fully leased on month-to-month terms with 17 parking spaces and commercial zoning.
Property Size5,324 SF
Lot Size0.40 Acres
Price / SF$225.39
Days on Market1279
Property Features for 1200-1202 West St
General Information
Standard status
Active
Size
5,324 SF
Lot size
0.40 Acres
Property subtype
OFFICE
Listing Agency:
Douglas Commercial
(301) 655-8253
Listed By:
Scott Douglas · License #580592
Source:
Moodyscre
Added: Jan 25, 2023
Changed: Jul 25
Last Checked: Jul 26 at 12:01PM
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 Douglas Commercial
Investment Insights
Based on property information with market context.
This three-story office building located at 1200–1202 West St, Annapolis, MD 21401 offers approximately 5,324 square feet (+/-) and is fully leased with month-to-month commercial tenants. The property includes 17 parking spaces and is suited for an owner/user or investment strategy, with owner financing available.
The building sits on a 17,500 square foot lot and is zoned commercial. With multiple floors and on-site parking, it provides a practical setup for office operations or portfolio acquisition where short-form tenancy remains in place.
The building sits on a 17,500 square foot lot and is zoned commercial. With multiple floors and on-site parking, it provides a practical setup for office operations or portfolio acquisition where short-form tenancy remains in place.
Key Highlights
- 3‑floor office building totaling 5,324 SF +/-, fully leased on month‑to‑month terms
- Commercial zoning
- Lot size 17,500 SF with 17 parking spaces
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.7k | $11.40 |
| − Vacancy | −$10.9k | −$2.05 |
| EGI | $49.8k | $9.35 |
| − OpEx | −$12.4k | −$2.34 |
| NOI | $37.3k | $7.01 |
5,324 SF · lease $11.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$533.2K
$466.6K – $622.1K
NOI $37,327 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,018 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Three-floor office building fully leased on month-to-month terms with 17 parking spaces and commercial zoning.
Where is this office building located?
The property is located at 1200-1202 West St Annapolis, MD.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3‑floor office building totaling 5,324 SF +/-, fully leased on month‑to‑month terms; Commercial zoning; Lot size 17,500 SF with 17 parking spaces
