Property profile

2500 Riva Rd Annapolis, MD 21401

FOR LEASE
Commercial land
Property ID
US40-1220559
135,032 SF 7.52 ac lot Built 1963
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

Beacon Square, located at 2500 Riva Rd in Annapolis, MD (zip code 21401), presents a significant retail investment opportunity. This multi-tenant retail center in Anne Arundel County boasts a substantial 93,395 square feet of total building space, currently featuring only 1 square foot of vacant space, indicating high occupancy. The property offers ample parking with 428 spaces, ensuring convenient access for customers and employees. Its strategic location on Riva Road provides excellent regional accessibility, making it an attractive destination for businesses and shoppers alike. The property's classification as a retail center within the broader retail property type suggests a diverse range of potential tenants and revenue streams. The high occupancy rate underscores the property's desirability and strong tenant base. This Annapolis location offers a thriving market with significant foot traffic and visibility, making it an ideal investment for those seeking a stable and profitable retail asset. The property's size and parking capacity cater to a wide variety of retail businesses, from smaller boutiques to larger anchor tenants. With minimal vacancy, this property represents a low-risk, high-reward investment opportunity in a prime Annapolis location. The address is easily accessible from major roadways, enhancing its appeal to both local and regional customers. This is a rare opportunity to acquire a well-established and highly sought-after retail center in a dynamic market.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1963
Construction BRICK
Total area 135,032 SF
Lot 7.52 ac (327,615 SF)
Zoning code TC
APN 02-000-12414000
UPID US40-1220559

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
  • Big Box & Wholesale Store Building Supply
  • Pharmacy
  • Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Pharmacy
  • Medical Clinic

Location

2500 Riva Rd Annapolis, MD 21401
Annapolis metro Census 702402 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.25M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.06M

Owner & transaction history

since 2022
Last sale
$3.0M
5 recorded transactions
2022
Price N/A
2022
$27.0M
2022
$3.0M
2003
Price N/A
1999
$11.8M

Zoning & alternative use

TC · Annapolis, 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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