Updated Second-Floor Office
For Sale
Contact for pricing
203 ROMANCOKE ROAD, Stevensville, MD 21666
Recently refreshed office space with bay bridge and airport views, plus on-site parking for business operations.
Property Size90 SF
Price / SF$4.44
Days on Market51
Property Features for 203 ROMANCOKE ROAD
General Information
Standard status
Active
Size
90 SF
Property subtype
Commercial
Additional Details
Floor
Second Floor
Building Details
Year Built
1988
Listing Agency:
Long & Foster Real Estate, Inc.
(410) 643-2244
Listed By:
Linda L Austin · License #515805
(410) 829-3136
Source:
Cummingsrealtors
Added: Sep 9
Changed: Oct 28
Last Checked: Oct 28 at 8:08AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This second-floor office unit at Airport Center was built in 1988 and has been recently refreshed with new flooring and interior painting. The space offers views toward the bay bridge and airport, with a parking lot serving the property.
Located at 203 Romancoke Road in Stevensville, Maryland, the unit provides a straightforward office setting within an established commercial center. The property information identifies the available space as 90 in size.
Located at 203 Romancoke Road in Stevensville, Maryland, the unit provides a straightforward office setting within an established commercial center. The property information identifies the available space as 90 in size.
Key Highlights
- Second‑floor office unit at Airport Center
- Recently updated with new flooring and painting
- Views of the bay bridge and airport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$631
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,620
$12.6K
Cap Rate 7%
$9,014
$9.0K
Cap Rate 9%
$7,011
$7.0K
Market Conditions
NOI Build-Up for 90 SF
Gross rent
$1.0K $11.40/SF
− Vacancy
−$185 −$2.05/SF
EGI
$841 $9.35/SF
− OpEx
−$210 −$2.34/SF
NOI
$631 $7.01/SF
Area
Queen Anne's County, MD
Vacancy
18.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,620
Cap Rate 7%
$9,014
Cap Rate 9%
$7,011
Alternative Uses
Best Use
Office B
$9.0K
$7.9K – $10.5K
NOI $631 @ 7.0% cap · market cap 157.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.6K
$18.9K – $25.2K
NOI $1,509 @ 7.0% cap · market cap 377.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
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Business Placement
Demographics for 21666, MD
12,848
Population
5,781
Households
2.2
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
21.9 sq mi
ZIP Area
587
Density / Sq Mi
$130,426
Median Household Income
$63,926
Median Earnings
$1,755
Median Rent
$478,500
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 - Recently refreshed office space with bay bridge and airport views, plus on-site parking for business operations.
Where is this office unit located?
The property is located at 203 ROMANCOKE ROAD Stevensville, MD.
What are key features of this property?
This property features: Second‑floor office unit at Airport Center; Recently updated with new flooring and painting; Views of the bay bridge and airport
