Second-Floor Walk-Up Office
530 College Pkwy, Annapolis, MD 21409
For Sale
Contact for pricing
Office suites with free, unreserved parking and an average daily traffic count over 16,000.
Property Size2,000 SF
Price / SF$250
Days on Market1130
Property Features for 530 College Pkwy
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
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: Nov 3
Last Checked: Nov 6 at 9:16AM
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
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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 / Yr
$14,022
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
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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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Market
Properties on Market for Office Units in Annapolis
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office suites with free, unreserved parking and an average daily traffic count over 16,000.
Where is this office unit 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
