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    Property profile & analytics
    OFF-MARKET Estimated value $1,290,000
    Office buildings

    156 Ritchie Hwy, Severna Park, MD 21146-1129

    7,888 SF 0.89 ac lot Built 1973
    Entity Owned 13-yr Hold ~ Est. High Equity
    Property ID
    US40-1390480
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Whitney Carlsen Physician
    • Dawn Merguerian Dental Office
    • Trillium Wellness Gym & Fitness Center Alternative Medicine Practice
    • Dr. April Ashe Dental Office
    • Dr. Barry Pickus Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $910k
    Comparable Approach Comparable
    $1.57M
    Blend (final) Blend
    $1.29M
    Owner & transaction history
    3 Ws LLC · 13 yrs held
    3 Ws LLC
    since 2013
    3 recorded transactions
    2021
    2013
    $1.1M
    1969
    Zoning & alternative use
    C1B · Severna Park, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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