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Property profile & analytics
FOR SALE
Office buildings

1657 Crofton Blvd Crofton, MD 21114

30,740 SF 1.78 ac lot Built 1984
Entity Owned 10-yr Hold Free & Clear
Property ID
US40-0816552
Property summary
AI-generated overview

This exceptional commercial property at 1657 Crofton Blvd in Crofton, Maryland, offers a diverse range of office and retail spaces, ideal for businesses seeking flexible and modern accommodations. Located in Anne Arundel County (zip code 21114), this 31,200 square foot building sits on a 4-acre lot and was constructed in 1986. The property is zoned C2 and features multiple tenancies, allowing for adaptable configurations to suit various business needs. Currently, there is 22,332 square feet of vacant space available, divisible into units ranging from a minimum of 4,997 square feet to a maximum contiguous space of 10,335 square feet. The flexible layout caters to a variety of business sizes and requirements. Rental rates vary by floor and space type. First-floor retail space offers up to 6,000 square feet at a rate of $30 per square foot (NNN). Second and third-floor office spaces are available, each offering up to approximately 4,500 and 10,500 square feet respectively, at a full-service rate of $26.50 per square foot. This prime location provides excellent visibility and accessibility, making it an attractive opportunity for businesses seeking a strategic presence in the thriving Crofton market. The property's size and layout offer significant potential for expansion and customization. Inquire today to explore the possibilities.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Construction BRICK
Total area 30,740 SF
Lot 1.78 ac (77,537 SF)
Zoning code W1
APN 02-206-02962405
UPID US40-0816552
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
  • Aaron Schmerling - Prudential Financial Financial Advisor
  • Ascend Dispensary - Crofton (Bike/Boat/Book/etc) Store
  • Nature's medicine dispensary Pharmacy
  • garagedoorrepaircroftonmd HVAC Service General Contractor
  • Dr. Brittany Mayer Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.54M
Comparable Approach Comparable
$5.27M
Blend (final) Blend
$4.41M
Owner & transaction history
936 Imagine LLC · 10 yrs held
936 Imagine LLC
since 2015
1 recorded transaction
2015
$2.4M
Zoning & alternative use
W1 · Crofton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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