Five-Unit Professional Office
For Sale
Contact for pricing
645 Baltimore Annapolis Blvd, Severna Park, MD 21146
C-2-zoned office condominium suite with central air, public utilities, and immediate possession.
Property Size2,822 SF
Price / SF$237.42
Days on Market176
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Property Features for 645 Baltimore Annapolis Blvd
General Information
Standard status
Active
Size
2,822 SF
Property subtype
Office
Zoning
C-2
Building Details
Units
5
Listing Agency:
WKW Commercial @ Bennett Realty Solutions
Listed By:
Wayne Williams · License #17376
Source:
Crexi
Added: Apr 23
Changed: Oct 1
Last Checked: Oct 14 at 8:50PM
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 WKW Commercial @ Bennett Realty Solutions
Investment Insights
Based on property information with market context.
Units 106 through 110 comprise a contiguous professional office condominium suite containing 2,822 square feet. The five-unit configuration can support multiple tenants, with the space identified as suitable for professional or medical uses. Building systems include electric heat pump heating, central air conditioning, public water, and public sewer. The brick and vinyl siding building was built in 1990 and provides dedicated parking for the suite.
The property is within the Old Severna Park Professional Center subdivision near the intersection of Baltimore Annapolis Boulevard and Cypress Creek Road in Severna Park, Maryland. Retail, dining, fitness, and service businesses are located in the surrounding area, and the suite has immediate possession availability.
The property is within the Old Severna Park Professional Center subdivision near the intersection of Baltimore Annapolis Boulevard and Cypress Creek Road in Severna Park, Maryland. Retail, dining, fitness, and service businesses are located in the surrounding area, and the suite has immediate possession availability.
Key Highlights
- Contiguous five‑unit office suite totaling 2,822 square feet
- Units 106 through 110 offered together
- Ten dedicated parking spaces serve the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,785
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,700
$395.7K
Cap Rate 7%
$282,643
$282.6K
Cap Rate 9%
$219,833
$219.8K
Market Conditions
NOI Build-Up for 2,822 SF
Gross rent
$32.2K $11.40/SF
− Vacancy
−$5.8K −$2.05/SF
EGI
$26.4K $9.35/SF
− OpEx
−$6.6K −$2.34/SF
NOI
$19.8K $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%
$395,700
Cap Rate 7%
$282,643
Cap Rate 9%
$219,833
Alternative Uses
Best Use
Office B
$282.6K
$247.3K – $329.8K
NOI $19,785 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$825.5K
$722.3K – $963.1K
NOI $57,786 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,080
Businesses Nearby
Explore this area
Business Placement
Demographics for 21146, MD
28,593
Population
10,329
Households
2.8
Avg Household Size
43
Median Age
60%
College-Educated
96%
High-School Grad
10.1 sq mi
ZIP Area
2,831
Density / Sq Mi
$169,835
Median Household Income
$87,575
Median Earnings
$1,619
Median Rent
$643,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - C-2-zoned office condominium suite with central air, public utilities, and immediate possession.
Where is this office units located?
The property is located at 645 Baltimore Annapolis Blvd Severna Park, MD.
What is the asking price?
The asking price for this property is $669,997.
What are key features of this property?
This property features: Contiguous five‑unit office suite totaling 2,822 square feet; Units 106 through 110 offered together; Ten dedicated parking spaces serve the suite
