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    4690 Millennium Dr Belcamp, MD 21017

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    4690 Millennium Dr Belcamp, MD 21017

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    • Office properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SafeNet Inc. / (Bike/Boat/Book/etc) Store / Corporate Office
    • Bata Brews / Cafe & Coffee Shop
    • Life Support Counseling / Crisis Center / Medical Clinic
    • L3gacyAudioVisual / IT Consulting Firm / Tech Support Center
    • Defense Tax Partners / Law Firm

    Property Details for 4690 Millennium Dr

    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional office space in Belcamp, Maryland, offers a diverse range of solutions for businesses of all sizes. Located at 4690 Millennium Drive, Harford County, zip code 21017, this property provides a variety of options to suit your specific needs. Choose from traditional office spaces, executive suites, coworking areas, medical offices, or creative office layouts. The space is available for multiple tenants and offers customizable solutions ranging from single-person offices to large-scale setups accommodating 100 desks or more. Services include fully furnished and equipped private offices, tailored to your requirements, with options ranging from serviced to custom spaces, including disaster recovery spaces and day offices. Coworking options provide shared office or open-plan areas, with daily or hot desk availability. Meeting rooms are also available, catering to various needs from informal chats to large conferences. Virtual office options include prestigious business addresses, mail handling, and virtual assistant services, with varying levels of office access. Flexible working plans provide access to a global network of workspaces, offering a range of options for access to private offices or coworking spaces. This location offers a professional, inspiring, and collaborative work environment, designed to support your business growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Belcamp
    County
    Harford
    State
    Maryland
    Longitude
    -76.2388
    Latitude
    39.4669

    Comparable in this City

    • Value Estimation
      $1,545,000
      3,144 SF

      1200 Brass Ml Rd

      MEDICAL BUILDING • 3,144 SF
      1200 Brass Ml Rd, Belcamp, MD 21017-1217
      View Details
    • Value Estimation by Request
      4,401 SF

      4692 Millennium Dr Ste, Unit 420

      CONDOMINIUM OFFICES • 4,401 SF
      4692 Millennium Dr Ste, Belcamp, MD 21017-1546
      View Details
    • Value Estimation by Request
      1,670 SF

      111 Bata Blvd Ste A

      CONDOMINIUM OFFICES • 1,670 SF
      111 Bata Blvd Ste A, Belcamp, MD 21017-1427
      View Details
    • Value Estimation by Request
      1,670 SF

      111 Bata Blvd Ste B

      CONDOMINIUM OFFICES • 1,670 SF
      111 Bata Blvd Ste B, Belcamp, MD 21017-1427
      View Details
    • Value Estimation by Request
      1,810 SF

      111 Bata Blvd Ste C

      CONDOMINIUM OFFICES • 1,810 SF
      111 Bata Blvd Ste C, Belcamp, MD 21017-1427
      View Details
    • Value Estimation by Request
      2,924 SF

      4692 Millennium Dr, Unit 350

      CONDOMINIUM OFFICES • 2,924 SF
      4692 Millennium Dr, Belcamp, MD 21017-1535
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      MD, Belcamp - Millennium Dr

      Workspaces, services and support to help you work better in MD, Belcamp - Millennium Dr
      4690 Millennium Dr, Belcamp, MD 21017
      View Details
    • Contact for pricing
      5,638 SF

      Class A Office Space

      Class A office space with waterfront views near I-95.
      4694 Millennium Dr, Belcamp, MD 21017
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    • Contact for pricing
      1,050 SF

      Belcamp Office Space Available

      Office space for lease in Belcamp, Maryland.
      1200 Brass Mill Rd, Belcamp, MD 21017
      View Details
    • Contact for pricing
      1,430 SF

      Belcamp Office Space For Rent

      Office space available for lease in Belcamp, Maryland.
      1250 Brass Mill Rd, Belcamp, MD 21017
      View Details
    • $24 SF/Yr
      8,736 SF

      Class A Office Space Available

      Class A office space for lease in Belcamp, Maryland.
      4692 Millennium Dr, Belcamp, MD 21017
      View Details
    • Contact for pricing
      14,008 SF

      Class A Office Space Available

      Class A office space with waterfront views near Aberdeen Proving.
      4696 Millennium Dr, Belcamp, MD 21017
      View Details
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    Belcamp, MD 21017
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    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
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    4690 Millennium Dr, Belcamp, MD, 21017

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