Second-Floor Walk-Up Office
For Sale
Contact for pricing
530 College Pkwy, Annapolis, MD 21409
Office suites with free, unreserved parking and an average daily traffic count over 16,000.
Property Size2,000 SF
Price / SF$250
Days on Market1085
Property Features for 530 College Pkwy
General Information
Standard status
Active
Size
2,000 SF
Elevators
No
Property subtype
OFFICE
Additional Details
Floor
Second Floor
Listing Agency:
Hyatt Commercial Real Estate
(410) 266-8800
Listed By:
George Shenas · License #659421
(410) 260-6548
Source:
Moodyscre
Added: Oct 5, 2023
Changed: Sep 16
Last Checked: Sep 22 at 5:45PM
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 Hyatt Commercial Real Estate
Investment Insights
Based on property information with market context.
Second-floor walk-up office suites are available for lease or sale, with space ranging from 880 SF up to 2,160 SF. Suites can be combined for larger needs. Parking is free and unreserved for occupants and visitors.
The available space is located at 530 College Pkwy in Annapolis, Maryland. The site has average annual daily traffic over 16,000, which can support businesses that benefit from regular passing visibility. Access is via a second-floor walk-up, and the space is not ADA accessible.
Condo-style office space options are offered in a range that may work for a variety of office users, with the ability to combine suites where additional area is needed.
The available space is located at 530 College Pkwy in Annapolis, Maryland. The site has average annual daily traffic over 16,000, which can support businesses that benefit from regular passing visibility. Access is via a second-floor walk-up, and the space is not ADA accessible.
Condo-style office space options are offered in a range that may work for a variety of office users, with the ability to combine suites where additional area is needed.
Key Highlights
- Office suites available for lease or sale
- Space ranges from 880 SF up to 2,160 SF, and can be combined
- Second‑floor walk‑up access; not ADA accessible
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
$14,022
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
2.80%
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%
$280,440
$280.4K
Cap Rate 7%
$200,314
$200.3K
Cap Rate 9%
$155,800
$155.8K
Market Conditions
NOI Build-Up for 2,000 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
$22.8K $11.40/SF
− Vacancy
−$4.1K −$2.05/SF
EGI
$18.7K $9.35/SF
− OpEx
−$4.7K −$2.34/SF
NOI
$14.0K $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%
$280,440
Cap Rate 7%
$200,314
Cap Rate 9%
$155,800
Alternative Uses
Best Use
Office B
$200.3K
$175.3K – $233.7K
NOI $14,022 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$585.1K
$511.9K – $682.6K
NOI $40,954 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 21409, MD
20,326
Population
7,541
Households
2.7
Avg Household Size
41
Median Age
57%
College-Educated
98%
High-School Grad
14.0 sq mi
ZIP Area
1,452
Density / Sq Mi
$146,667
Median Household Income
$71,840
Median Earnings
$2,007
Median Rent
$499,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office suites with free, unreserved parking and an average daily traffic count over 16,000.
Where is this office units located?
The property is located at 530 College Pkwy Annapolis, MD.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Office suites available for lease or sale; Space ranges from 880 SF up to 2,160 SF, and can be combined; Second‑floor walk‑up access; not ADA accessible
