1831 Forest Drive, Annapolis, MD 21401
Office space for sale in Annapolis, corner lot location.
- Added:
- Aug 11, 2022
- Days on Market:
- 1426
- Last Refresh:
- Jul 4 at 9:29 am
Property Features for 1831 Forest Drive
General Information
- Standard status
- Active
- Size
- 2,293 SF
- Property subtype
- Office
Listing office Hyatt Commercial (410) 353-3545
Listing date Aug 11, 2022
Source Crexi
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
HighLights
- Office space ownership opportunity
- Located in Annapolis
- Corner lot
- Intersection of Chinquapin Round Road and Forest Drive
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.1k | $11.40 |
| − Vacancy | −$4.7k | −$2.05 |
| EGI | $21.4k | $9.35 |
| − OpEx | −$5.4k | −$2.34 |
| NOI | $16.1k | $7.01 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Annapolis
- County
- Anne Arundel
- State
- Maryland
- Longitude
- -76.5254217
- Latitude
- 38.9731516
