Professional Office Complex For
For Sale
Contact for pricing
530 College Parkway, Annapolis, MD 21409
Professional office complex in a convenient location.
Property Size2,000 SF
Price / SF$125
Days on Market2293
Property Features for 530 College Parkway
General Information
Standard status
Active
Size
2,000 SF
Class
C
Property subtype
Office
Zoning
R-15
Lease Type
Modified Gross
Building Details
Tenancy
Single
Listing Agency:
Hyatt Commercial
Listed By:
George Shenas · License #MD 659421
(410) 266-8800
Source:
Crexi
Added: Jun 26, 2020
Changed: Oct 3
Last Checked: Oct 5 at 3:50PM
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 Hyatt Commercial
Investment Insights
Based on property information with market context.
The property at 530 College Parkway is a professional complex situated in a wooded setting. The property size is 2000 square feet. It is located directly on College Parkway, offering convenient access to Route 50, the Bay Bridge, Anne Arundel Community College, and Ritchie Highway. The property is suitable for office use.
Key Highlights
- Located directly on College Parkway.
- Close to Route 50.
- Close to the Bay Bridge.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,022
Cap Rate
5.61%
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 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$585.1K
$511.9K – $682.6K
NOI $40,954 @ 7.0% cap · market cap 16.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Professional office complex in a convenient location.
Where is this office units located?
The property is located at 530 College Parkway Annapolis, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Located directly on College Parkway.; Close to Route 50.; Close to the Bay Bridge.
