New search
Property profile & analytics
FOR LEASE
Office buildings
1655 Crofton Blvd, Crofton, MD 21114
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0903713
For Lease
1 / 92
$2,645,000
1655 Crofton Blvd, Crofton, MD 21114
View Listing →
Property summary
AI-generated overview
This exceptional office property at 1655 Crofton Blvd in Crofton, Maryland, offers a variety of flexible spaces ideal for businesses of all sizes. Located in the I-97/Crain Highway Corridor within Anne Arundel County, this 30,000 square foot building boasts a convenient location and ample parking. The property, built in 1986 and zoned C2, sits on a 2.09-acre lot. Multiple tenancy options are available, with spaces ranging from a minimum of 1,037 square feet to a maximum contiguous space of 7,345 square feet. Currently, 11,397 square feet is vacant and ready for immediate occupancy. First-floor units offer up to 3,100 square feet at a rate of $30 per square foot (NNN), while second-floor units offer similar space at $26.50 per square foot (full service). The entire building is also available for purchase for $7,500,000. This presents a unique opportunity to establish a presence in a thriving business community with excellent accessibility and visibility. Don't miss this chance to secure your ideal office space in this highly sought-after location. Contact us today to schedule a viewing and discuss your specific needs. The zip code is 21114.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
BRICK
Total area
15,370 SF
Lot
2.09 ac (91,040 SF)
Zoning code
C2
APN
02-206-90023257
UPID
US40-0903713
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
-
Yodit Tsegaye Pediatrician Medical Clinic
-
Byrne Doreen A Physician
-
Sharon Richter Pediatrician Medical Clinic
-
Piyumi Fonseka Medical Clinic
-
1st Choice Real Estate Academy Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.95M
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
1655 Crofton LLC · 6 yrs held
1655 Crofton LLC
since 2020
Last sale
$2.4M
4 recorded transactions
Zoning & alternative use
C2 · Crofton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Crofton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crofton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,930,000
ML approach
$2,950,000
CAP Approach
CAP Return
Estimation
6%
$1,915,000
6.5%
$1,770,000
7%
$1,640,000
Blend value · Realmo final
$2.65M
Range $2.38M – $2.91M · ±10% · vs last sale $2.35M (Mar 30 2020)
Last sale anchor
$2.35M
Mar 30 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$172 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,611
Tax year 2023
Assessed value
$3,077,900
Assessed 2023
Previous assessed
$2,901,933
+6.1% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,358,500
Assessed improvement
$1,719,400
Land market value
$1,358,500
Improvement market value
$1,719,400
Total market value
$3,077,900
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1987
Construction
BRICK
Heating
HEAT PUMP
Stories
3
Units
2
Total area
15,370 SF
Lot
2.09 ac (91,040 SF)
Zoning code
C2
APN
02-206-90023257
UPID
US40-0903713
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C2 · Crofton, MD
Zoning C2 · permitted uses
C2 · Crofton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Crofton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
BRICK
Heating
HEAT PUMP
Stories
3
Units
2
Lot
2.09 ac
Current owner
From public records · entity-resolved
1655 Crofton LLC
Entity
Mailing address
2824 SOLOMONS IS RD STE #200, EDGEWATER, MD 21037-1428
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2020
—
1655 Crofton LLC
—
Deed
related
$3,275,000 · Key Bank NA
Mar 30, 2020
—
1655 Crofton LLC
11730 Annapolis Road LLC
Quit Claim Deed
$2,995,000 · Harvey Blonder
Jul 27, 2015
$2,350,000
11730 Annapolis Road LLC
Rucker Properties INC
Deed
—
—
—
Geo H Rucker Realty Corp
—
Deed Of Trust
related
$2,200,000 · First Virginia Commercial Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
