Two-Level Office
2411 CROFTON LANE Unit 27, Crofton, MD 21114
For Sale
$200,000
C2-zoned office space includes private rooms, reception areas, storage, and shared surface parking.
Property Size1,713 SF
Price / SF$116.75
Days on Market84
Property Features for 2411 CROFTON LANE Unit 27
General Information
Standard status
Size
Property subtype
Zoning
Property Condition
Severity
Evidence
Space & Availability
Floor
Condition
Site & Location
Highway Access
Road Access
Additional Details
Office Units
Property Use
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
ExecuHome Realty
Listed By:
Martin Tippet · License MD #637002
(888) 801-1123
Source:
Bradkappel
Added: Aug 19
Changed: Nov 8
Last Checked: Nov 8 at 5:57PM
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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Investment Insights
Based on property information with market context.
This two-level office condominium in the Chelsea House complex contains approximately 1,713 square feet, with interior stairs connecting the floors. Its existing arrangement includes private offices, reception and waiting areas, two bathrooms, storage rooms, and an electrical room. The upper and lower levels are metered separately. Built in 1980, the property has experienced water-related interior damage and requires restoration; the walls and ceilings have been verified dry and are ready for renovation. The sale is as-is.
The Crofton property is in the Route 3 business corridor, with access to Route 3 and Route 50. Shared surface parking serves the complex. C2 commercial office zoning applies; permitted uses and condominium requirements are subject to verification and applicable approvals.
The Crofton property is in the Route 3 business corridor, with access to Route 3 and Route 50. Shared surface parking serves the complex. C2 commercial office zoning applies; permitted uses and condominium requirements are subject to verification and applicable approvals.
Key Highlights
- Approximately 1,713 sqft across two levels
- C2 commercial office zoning
- Multiple private offices, reception and waiting areas, two bathrooms, and storage rooms
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
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road 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
Properties on Market for Office Units in Anne Arundel County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - C2-zoned office space includes private rooms, reception areas, storage, and shared surface parking.
Where is this office unit located?
The property is located at 2411 CROFTON LANE 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: Approximately 1,713 sqft across two levels; C2 commercial office zoning; Multiple private offices, reception and waiting areas, two bathrooms, and storage rooms
