Two-Level Office
For Sale
$200,000
Pending
2411 CROFTON LN #27 27, Crofton, MD 21114
C2-zoned office condominium with private rooms, reception areas, storage, and shared surface parking.
Property Size1,713 SF
Days on Market49
Property Features for 2411 CROFTON LN #27 27
General Information
Standard status
Pending
Size
1,713 SF
Zoning
C2
Property Condition
Severity
Repairs Needed
Evidence
requires restoration
Additional Details
Floor
1-2
Road Access
Yes
Listing Agency:
ExecuHome Realty
(443) 757-3400
Listed By:
Martin Tippet · License #637002
(888) 801-1123
Source:
Hostetterrealty
Added: Sep 7
Changed: Oct 15
Last Checked: Oct 24 at 5:40PM
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 ExecuHome Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-level office condominium includes approximately 1,713 square feet arranged across first- and second-floor areas. The interior contains multiple private offices, waiting and reception spaces, two bathrooms, storage rooms, separate electrical rooms, and an internal stairway connecting both levels. The property is configured as one ownership opportunity and may be divided into one or two units, subject to applicable requirements.
Located in the Chelsea House complex in Crofton, the office has access to shared surface parking and the Route 3 business corridor. C2 commercial office zoning supports consideration of professional and appointment-based uses, subject to zoning, condominium rules, and required approvals. The interior has experienced water-related damage and requires restoration; the source of the issue appears corrected, and walls and ceilings are currently dry. The sale is strictly as-is, with due diligence recommended regarding utilities, permitted use, financing, and renovation scope.
Located in the Chelsea House complex in Crofton, the office has access to shared surface parking and the Route 3 business corridor. C2 commercial office zoning supports consideration of professional and appointment-based uses, subject to zoning, condominium rules, and required approvals. The interior has experienced water-related damage and requires restoration; the source of the issue appears corrected, and walls and ceilings are currently dry. The sale is strictly as-is, with due diligence recommended regarding utilities, permitted use, financing, and renovation scope.
Key Highlights
- Approximately 1,713 square feet across two levels
- C2 commercial office zoning
- Multiple private offices plus waiting and reception areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,010
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,200
$240.2K
Cap Rate 7%
$171,571
$171.6K
Cap Rate 9%
$133,444
$133.4K
Market Conditions
NOI Build-Up for 1,713 SF
Gross rent
$19.5K $11.40/SF
− Vacancy
−$3.5K −$2.05/SF
EGI
$16.0K $9.35/SF
− OpEx
−$4.0K −$2.34/SF
NOI
$12.0K $7.01/SF
Area
Anne Arundel 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%
$240,200
Cap Rate 7%
$171,571
Cap Rate 9%
$133,444
Alternative Uses
Best Use
Office B
$171.6K
$150.1K – $200.2K
NOI $12,010 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$501.1K
$438.5K – $584.6K
NOI $35,077 @ 7.0% cap · market cap 17.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Explore this area
Business Placement
Demographics for 21114, MD
26,404
Population
9,675
Households
2.7
Avg Household Size
37
Median Age
60%
College-Educated
97%
High-School Grad
5.8 sq mi
ZIP Area
4,552
Density / Sq Mi
$136,250
Median Household Income
$75,568
Median Earnings
$2,128
Median Rent
$479,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - C2-zoned office condominium with private rooms, reception areas, storage, and shared surface parking.
Where is this office unit located?
The property is located at 2411 CROFTON LN #27 27 Crofton, MD.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Approximately 1,713 square feet across two levels; C2 commercial office zoning; Multiple private offices plus waiting and reception areas
