Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2509 Evergreen Rd Gambrills, MD 21113

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Freestanding building, 6,485 sq ft, MD

    Lot size:
    6,485 SF

    Property Features for 2509 Evergreen Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,485 SF
    Class
    A

    Spaces For Lease

    at 2509 Evergreen Rd, Gambrills, MD 21113 Contact us

    We can help!

    Listing Contact
    Justin Mullen
    Justin Mullen

    Listing Agency: Hyatt Commercial Listing Agent: Justin Mullen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Class A commercial property, located at 2509 Evergreen Rd in Odenton, Maryland, presents a unique opportunity for businesses seeking a prominent presence in a thriving market. The building offers 6,485 square feet of versatile space, ideally suited for a single tenant. Its "Traditional Office, freestanding retail" subtype designation allows for a range of uses, making it an attractive option for a variety of businesses. The property is classified as a single-tenant building, ensuring privacy and control. Situated in Gambrills, Maryland, zip code 21113, this location offers excellent accessibility and visibility. The building's precise square footage is 6,485 square feet. The property type is listed as both Retail and Office, reflecting its adaptability. This freestanding structure provides ample space and independent operation. The property is available for both sale and lease, offering flexibility to potential buyers or tenants. Its prime location in Odenton, MD, combined with its versatile design and Class A designation, makes this an exceptional investment opportunity. Interested parties are encouraged to inquire for further details and to explore the possibilities this property offers. The property's latitude and longitude coordinates are 39.030722 and -76.6872536 respectively.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    Gambrills
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6872536
    Latitude
    39.030722

    Nearby Similar for Lease

    • $32 SF/Yr
      1,436 SF

      Modern Office/Medical Space Available

      Improved office space near Waugh Chapel Towne Centre.
      2391 Brandermill Blvd, Gambrills, MD 21054
      View Details
    • $20 SF/Yr
      3,866 SF

      Retail Space in Crofton Center

      Prime retail space with high visibility and ample parking.
      1166 Crain Hwy, Gambrills, MD
      View Details
    • Contact for pricing
      1,500 SF

      Medical Office Space Available

      Medical office space for lease in Waugh Chapel Town Centre.
      2614 Chapel Lake Dr, Gambrills, MD 21054
      View Details
    • $8,250 /Mo
      1,100 SF

      Gambrills MD Retail Showroom

      Retail showroom and design studio with signage opportunities available for rent.
      1034 Md-3, Gambrills, MD
      View Details
    • $8,250 /Mo

      Retail Showroom and Design Studio

      Retail showroom with design studio available for lease in Gambrills.
      1034 Md Rt 3 N, Gambrills, MD 21054
      View Details
    • Contact for pricing
      30,000 SF

      Retail Space Available For Lease

      Retail space available for ground lease or build to suit.
      1074 Crain Hwy, Gambrills, MD
      View Details
    • Contact for pricing
      2,100 SF

      Waugh Chapel Town Center Office

      Office/Medical space in Waugh Chapel Town Center.
      2410 Evergreen Rd, Gambrills, MD 21054
      View Details
    • Contact for pricing
      8,481 SF

      Retail Space in Waugh Chapel

      Retail and dining destination in Gambrills, Maryland.
      2616-2664 Chapel Lake Dr, Gambrills, MD 21054
      View Details
    • Contact for pricing
      2,307 SF

      Retail Space in Waugh Chapel

      Retail and dining destination in Gambrills, Maryland.
      1328-1360 Main Chapel Way, Gambrills, MD 21054
      View Details
    • Contact for pricing
      2,500 SF

      Hopkins Business Center Office Space

      Second floor office space in Hopkins Business Center for rent.
      1049 Md Rt 3 S, Gambrills, MD
      View Details
    • Contact for pricing
      2,622 SF

      Flex/R&D Space Available

      New flex/R&D space with drive-in loading available for rent.
      987 Waugh Chapel Way, Gambrills, MD
      View Details
    • Contact for pricing
      3,554 SF

      Flex/R&D Space in Gambrills

      New flex/R&D space in Waugh Chapel Business Park.
      980 Waugh Chapel Way, Gambrills, MD
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Freestanding building, 6,485 sq ft, MD
    Where is this office property / space located?
    The property is located at 2509 Evergreen Rd Gambrills, MD.
    What are key features of this property?
    This property features: ±6,485 SF freestanding retail/office building with high visibility.; Suitable for medical, office, or retail tenants.; Prime location in Waugh Chapel Town Center, near Wegmans, Target, Regal Cinemas, and Dick's Sporting Goods.
    (410) 266-8800 Call to check price and availability
    Request Owner's contact information
    2509 Evergreen Rd Gambrills, MD 21113
    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.
    2509 Evergreen Rd
    Gambrills, MD 21113
    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
    2509 Evergreen Rd Gambrills, MD 21113
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Mullen
    Justin Mullen
    Real Estate License ID: 629251
    (410) 266-8800 (410) 903-4561 (410) 260-6546
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!