Property profile

156 Ritchie Hwy Severna Park, MD 21146

OFF-MARKET
Office buildings
Property ID
US40-1390480
7,888 SF 0.89 ac lot Built 1973
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,146 square foot office space is ideally situated at 156 Ritchie Highway in Severna Park, Maryland, within Anne Arundel County (zip code 21146). The property is a single-tenant building, offering complete flexibility and privacy for its occupant. Categorized as a Creative Office, Medical Office, and Executive Office space, it presents a versatile solution for a variety of business needs. The entire building is currently vacant, providing immediate occupancy for a new tenant. Its location in Severna Park offers convenient access to major roadways and amenities, making it an attractive option for businesses seeking a prominent presence in a thriving community. The property's size is perfect for a company looking to establish a comfortable and functional workspace without the overhead of a larger building. This is a rare opportunity to secure a well-located, fully available office space in a desirable Maryland market. The building's adaptability to various office configurations allows for customization to suit specific business requirements. Interested parties are encouraged to inquire further to explore the possibilities this property offers. The property is available for lease.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Construction BRICK
Total area 7,888 SF
Lot 0.89 ac (38,899 SF)
Zoning code C1B
APN 03-000-12266250
UPID US40-1390480

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Dental Office
  • Gym & Fitness Center Alternative Medicine Practice
  • Dental Office
  • Dental Office

Location

156 Ritchie Hwy Severna Park, MD 21146-1129
Severna Park metro Census 730603 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$910k
Comparable Approach Comparable
$1.57M
Blend (final) Blend
$425k

Owner & transaction history

since 2013
3 recorded transactions
2021
Price N/A
2013
$1.1M
1969
Price N/A

Zoning & alternative use

C1B · Severna Park, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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