Renovated Multi-Suite Office
405 Stemmers Run Rd Essex, MD 21221
For Sale
$850,000
Renovated office building with multiple suites, two-level layout, and replacement HVAC on the upper level.
Property Size4,736 SF
Price / SF$179.48
Days on Market75
Property Features for 405 Stemmers Run Rd
General Information
Standard status
Active
Size
4,736 SF
Property subtype
Office
Building Details
Year Built
1960
Listing Agency:
Crown Realty International Ltd
(301) 537-7665
Listed By:
Samuel Jobi · License #522171
(301) 537-7665
Source:
Xome
Added: May 17
Changed: Jul 10
Last Checked: Jul 29 at 11:18AM
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 Crown Realty International Ltd
Investment Insights
Based on property information with market context.
This renovated office building offers a two-level, multi-suite configuration designed for a range of professional uses. The upstairs level includes six office suites and two bathrooms. The first level includes a lobby area with two bathrooms, plus three offices located toward the back. The front side of the first level is occupied by a barber shop.
The property is offered for sale at 405 Stemmers Run Rd in Essex, Maryland. Public remarks note high traffic at the site, and the building features an HVAC system on the upper level that was recently replaced in 2025.
From an owner-operator standpoint, the layout supports a mix of personal office use and additional income from leasing remaining space. For tenants, the property’s suite-based design can accommodate professional and service-oriented offices, including medical and home health care, doctors’ offices, law offices, real estate, printing, and other professional services, subject to applicable requirements.
The property is offered for sale at 405 Stemmers Run Rd in Essex, Maryland. Public remarks note high traffic at the site, and the building features an HVAC system on the upper level that was recently replaced in 2025.
From an owner-operator standpoint, the layout supports a mix of personal office use and additional income from leasing remaining space. For tenants, the property’s suite-based design can accommodate professional and service-oriented offices, including medical and home health care, doctors’ offices, law offices, real estate, printing, and other professional services, subject to applicable requirements.
Key Highlights
- Renovated office building at 405 Stemmers Run Rd with a two‑level layout
- Upstairs offers six office suites with 2 bathrooms
- First level includes a lobby area with 2 bathrooms and three back‑side offices
Financial Insights For Retail
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 | $102.3k | $21.60 |
| − Vacancy | −$6.5k | −$1.38 |
| EGI | $95.8k | $20.22 |
| − OpEx | −$28.7k | −$6.07 |
| NOI | $67.0k | $14.15 |
4,736 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$957.6K
$837.9K – $1.12M
NOI $67,033 @ 7.0% cap · market cap 7.89%
Second Best
Healthcare Medical
$818.9K
$716.5K – $955.4K
NOI $57,321 @ 7.0% cap · market cap 6.74%
Theoretical Best
Multifamily LT 5
$45.95M
$40.20M – $53.61M
NOI $3,216,396 @ 7.0% cap · market cap 378.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Renovated office building with multiple suites, two-level layout, and replacement HVAC on the upper level.
Where is this office building located?
The property is located at 405 Stemmers Run Rd Essex, MD.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Renovated office building at 405 Stemmers Run Rd with a two‑level layout; Upstairs offers six office suites with 2 bathrooms; First level includes a lobby area with 2 bathrooms and three back‑side offices
