Two-Level Office
New
For Sale
$200,000
2411 Crofton Ln Unit 27, Crofton, MD 21114
Flexible professional office layout with private rooms, reception areas, storage, and shared surface parking.
Property Size1,712 SF
Price / SF$116.82
Days on Market6
Property Features for 2411 Crofton Ln Unit 27
General Information
Standard status
Active
Size
1,712 SF
Zoning
C2
Property Condition
Severity
Repairs Needed
Evidence
The property has experienced water-related interior damage and requires restoration.
Additional Details
Floor
1-2
Highway Access
Yes
Office Units
1
Building Details
Year Built
1980
Listing Agency:
ExecuHome Realty
Listed By:
Martin Tippet · License #637002
(410) 615-1126
Source:
Themelaninteam
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 22 at 8:02PM
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
Investment Insights
Based on property information with market context.
This two-level office condominium in the Chelsea House complex includes multiple private offices, waiting and reception areas, two bathrooms, storage rooms, an electrical room, and interior stairs connecting the floors. The upstairs and downstairs electrical systems are metered separately. C2 commercial office zoning supports office use, subject to applicable approvals and condominium requirements. The property was built in 1980 and is being sold strictly as-is after water-related interior damage. Restoration is required, and the source of the damage appears to have been corrected; the walls and ceilings have been verified as dry and ready for renovation.
The property has shared surface parking and access to Route 3 and Route 50, with connections toward Annapolis, Bowie, Fort Meade, Baltimore, and Washington-area employment centers. Buyers should independently confirm permitted uses, utilities, condominium requirements, financing eligibility, and renovation scope.
The property has shared surface parking and access to Route 3 and Route 50, with connections toward Annapolis, Bowie, Fort Meade, Baltimore, and Washington-area employment centers. Buyers should independently confirm permitted uses, utilities, condominium requirements, financing eligibility, and renovation scope.
Key Highlights
- Two‑level office condominium with interior stair access
- C2 commercial office zoning
- Multiple private offices, reception and waiting areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,003
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$240,060
$240.1K
Cap Rate 7%
$171,471
$171.5K
Cap Rate 9%
$133,367
$133.4K
Market Conditions
NOI Build-Up for 1,712 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$240,060
Cap Rate 7%
$171,471
Cap Rate 9%
$133,367
Alternative Uses
Best Use
Office B
$171.5K
$150.0K – $200.1K
NOI $12,003 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$500.8K
$438.2K – $584.3K
NOI $35,056 @ 7.0% cap · market cap 17.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
961
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible professional office layout with private rooms, reception areas, storage, and shared surface parking.
Where is this office units located?
The property is located at 2411 Crofton Ln Unit 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: Two‑level office condominium with interior stair access; C2 commercial office zoning; Multiple private offices, reception and waiting areas
