Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cambridge MD Office Space Available Title is generated by Realmo AI

    828 Airpax Rd, Cambridge, MD 21613

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr $18,136/Mo (calc)

    Spacious offices with amenities included in Cambridge, Maryland.

    Type:Office
    Property size:
    13,602 SF
    Added:
    Nov 21, 2025
    Days on Market:
    181
    Last Refresh:
    Apr 6 at 12:45 am

    Property Features for 828 Airpax Rd

    General Information

    Standard status
    Active
    Size
    13,602 SF
    Property subtype
    Office

    Building Details

    Year Built
    1993

    Spaces For Lease

    at 828 Airpax Rd Contact us

    We can help!

    Listing Contact
    Andrew Ball
    Andrew Ball

    Listing agent Andrew Ball License #MD #36569

    Listing office SVN |Miller Commercial Real Estate

    Listing date Nov 21, 2025

    Source Svnmiller

    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 SVN |Miller Commercial Real Estate

    HighLights

    • All‑inclusive lease rate covering water, electric, cable, and internet.
    • Large, spacious offices featuring a private bathroom and kitchenette.
    • Ample parking available for tenants and visitors.
    • Private, highly trafficked location behind Wal‑Mart and the Department of Veteran Affairs.
    • Easy access to major transportation routes.
    • Located in Cambridge, MD, offering a mix of business and leisure opportunities.

    Overview

    Located in Cambridge, Maryland, this property offers office spaces with an all-inclusive lease rate. The surrounding area provides a mix of business and leisure opportunities, with convenient access to major transportation routes. The property features large, spacious offices equipped with private bathrooms and kitchenettes. Ample parking is available. The location is private yet highly trafficked, situated behind a Wal-Mart and the Department of Veteran Affairs. The lease rate includes water, electric, cable, and internet. Current tenants include Tidewater Physical Therapy, the Department of Natural Resources, and Cove Recovery. The property's total size is 13602 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cove Recovery, LLC Medical Clinic US Fish & Wildlife ... Sustainability Organization Chesapeake Bay Orthopedics ... Physician Social Security Administration Social Security Office Chesapeake Bay Orthopedics ... Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Dorchester
    State
    Maryland
    Longitude
    -76.0561
    Latitude
    38.5538

    Nearby Similar for Lease

    • $16 SF/Yr

      Retail Space in Cambridge, MD

      Prime retail space in grocery-anchored shopping center on U.S. Route 50.
      630 SUNBURST Highway, CAMBRIDGE, MD 21613
      View Details
    • $2,000/Mo

      Cambridge Office Space For Lease

      Office space and parking available for lease in Cambridge, MD.
      2938 OCEAN Gateway, CAMBRIDGE, MD 21613
      View Details
    • $14 SF/Yr
      1,265 SF

      Prime End-Cap Retail Opportunity

      Grocery-anchored retail space with high visibility on U.S. Route 50.
      630 SUNBURST HIGHWAY 1, CAMBRIDGE, MD 21613
      View Details
    • $1,912/Mo
      5,300 SF

      Industrial

      401 DORCHESTER Ave B, Cambridge, MD 21613
      View Details
    • $14 SF/Yr

      Spacious Office with Flexible Layout

      Large office space with customizable layout and tenant improvement allowance.
      828A AIRPAX Road, CAMBRIDGE, MD 21613
      View Details
    • $10 SF/Yr

      Retail Space in Cambridge, MD

      5,217 SF retail space in grocery-anchored shopping center.
      630 SUNBURST Highway, CAMBRIDGE, MD 21613
      View Details
    • $10 SF/Yr

      Prime Shopping Center on Route 50

      Renovated shopping center on Route 50 with high visibility.
      630 SUNBURST Highway, CAMBRIDGE, MD 21613
      View Details
    • $2,000/Mo

      Office Space and Parking Available

      Office space for lease with parking; triple net lease.
      2938 OCEAN Gtwy, Cambridge, MD 21613
      View Details
    • $5 SF/Yr
      30,000 SF

      Cambridge Warehouse Space For Lease

      Prime warehouse space available in Cambridge industrial area.
      807 Woods Rd, Cambridge, MD 21613
      View Details
    • $9,300,000 SF/Yr
      70,000 SF

      Cambridge Industrial Investment Opportunity

      70,000 sq. ft. industrial property for lease.
      810 Chesapeake Drive, Cambridge, MD 21613
      View Details
    • Contact for pricing
      18,130 SF

      Retail Space on Sunburst Highway

      Retail/restaurant space with high visibility on Maryland's Eastern Shore.
      309 Sunburst Highway, Cambridge, MD 21613
      View Details
    • $10 SF/Yr
      5,217 SF

      Retail Space on Major Highway

      Highly visible retail space with recent renovations and high traffic.
      602 Sunburst Hwy, Cambridge, MD
      View Details

    FAQs

    What type of property is this?
    Office units - Spacious offices with amenities included in Cambridge, Maryland.
    Where is this office units located?
    The property is located at 828 Airpax Rd Cambridge, MD.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: All‑inclusive lease rate covering water, electric, cable, and internet.; Large, spacious offices featuring a private bathroom and kitchenette.; Ample parking available for tenants and visitors.
    (410) 543-2440
    We can help!
    Listing Contact
    Andrew Ball
    Andrew Ball
    Real Estate License ID: MD #36569
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    828 Airpax Rd, Cambridge, MD 21613
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!