Office Units with Courtyard
7477 BALTIMORE ANNAPOLIS BOULEVARD #204, Glen Burnie, MD 21061
For Sale
Contact for pricing
Well-kept office suites offer abundant windows, elevator access, ADA features, and secured entry systems.
Property Size34,411 SF
Price / SF$0.04
Days on Market101
Property Features for 7477 BALTIMORE ANNAPOLIS BOULEVARD #204
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Public Transit
Building Details
Year Built
Listing Agency:
Maryland Dream Home Realty
(443) 334-6300
Listed By:
Ronald T Davis · License #SP98373418
(443) 977-9517
Source:
Cummingsrealtors
Added: Jul 30
Changed: Nov 6
Last Checked: Nov 6 at 9:31AM
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 Maryland Dream Home Realty
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Investment Insights
Based on property information with market context.
This office property contains 34,411 square feet of professional suite space in a 1950 building. The suites are described as well maintained and receive substantial natural light, with select views toward a fountain courtyard. Building amenities include elevator service, ADA accessibility, and key-controlled access to the lobby and restrooms.
The property is positioned across from AA Community College in Glen Burnie and near the Courthouse. Covered parking is available across the street, while three bus stops are visible within a short distance. Its central setting and combination of transit access, parking, and building infrastructure support a range of office users.
The property is positioned across from AA Community College in Glen Burnie and near the Courthouse. Covered parking is available across the street, while three bus stops are visible within a short distance. Its central setting and combination of transit access, parking, and building infrastructure support a range of office users.
Key Highlights
- 34,411‑square‑foot office property built in 1950
- Office suites with extensive windows and fountain courtyard views
- Elevator service and ADA‑accessible features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$241,256
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,825,120
$4.8M
Cap Rate 7%
$3,446,514
$3.4M
Cap Rate 9%
$2,680,622
$2.7M
Market Conditions
NOI Build-Up for 34,411 SF
Gross rent
$392.3K $11.40/SF
− Vacancy
−$70.6K −$2.05/SF
EGI
$321.7K $9.35/SF
− OpEx
−$80.4K −$2.34/SF
NOI
$241.3K $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%
$4,825,120
Cap Rate 7%
$3,446,514
Cap Rate 9%
$2,680,622
Alternative Uses
Best Use
Office B
$3.45M
$3.02M – $4.02M
NOI $241,256 @ 7.0% cap · market cap 16,083.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.07M
$8.81M – $11.74M
NOI $704,627 @ 7.0% cap · market cap 46,975.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,516
Businesses Nearby
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Business Placement
Demographics for 21061, MD
57,352
Population
23,196
Households
2.5
Avg Household Size
36
Median Age
26%
College-Educated
90%
High-School Grad
12.2 sq mi
ZIP Area
4,701
Density / Sq Mi
$86,081
Median Household Income
$48,429
Median Earnings
$1,661
Median Rent
$326,000
Median Home Value
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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 - Well-kept office suites offer abundant windows, elevator access, ADA features, and secured entry systems.
Where is this office unit located?
The property is located at 7477 BALTIMORE ANNAPOLIS BOULEVARD #204 Glen Burnie, MD.
What are key features of this property?
This property features: 34,411‑square‑foot office property built in 1950; Office suites with extensive windows and fountain courtyard views; Elevator service and ADA‑accessible features
