Property profile

2563 Forest Dr Annapolis, MD 21401

FOR SALE
Retail space
Property ID
US40-1351848
16,621 SF 1.17 ac lot Built 1969
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office space, located at 2563 Forest Drive in Annapolis, Maryland, presents a truly remarkable opportunity for businesses seeking a prime location. Situated on a generous 1.17-acre lot, this top-floor office boasts ample square footage, providing significant flexibility for various business needs. The property's strategic location offers unparalleled convenience, with close proximity to the Annapolis Mall and other key amenities, ensuring easy access for employees and clients alike. The expansive layout allows for a multitude of configurations, making it ideal for companies of all sizes. This is a rare chance to secure a substantial office space in a highly desirable Annapolis location. The building's prime position offers excellent visibility and accessibility, contributing to a strong business presence. The substantial size of the office allows for significant expansion potential, catering to future growth and evolving business requirements. This property is ready for immediate occupancy and presents an exceptional investment opportunity for businesses seeking a prominent and convenient location in the vibrant Annapolis market. The large lot size offers ample parking and potential for future development. Don't miss this chance to establish your business in a thriving area with excellent connectivity and a strong local economy. This is a unique opportunity to acquire a significant office space in a highly sought-after location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1969
Construction BRICK
Total area 16,621 SF
Lot 1.17 ac (50,965 SF)
Zoning code B2
APN 06-000-08576615
UPID US40-1351848

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
  • Insurance Agency
  • Insurance Agency
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Alternative Medicine Practice

Location

2563 Forest Dr Annapolis, MD 21401
Annapolis metro Census 702500 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.26M

Owner & transaction history

since 2021
Last sale
$7.4M
7 recorded transactions
2022
Price N/A
2021
$7.4M
2018
Price N/A
2016
Price N/A
2016
Price N/A
2016
Price N/A
2012
$465,000

Zoning & alternative use

B2 · Annapolis, MD
Zoning description

The B2 Community Shopping District is designed to accommodate the needs of a large consumer population thus, a wide range of uses is permitted for both daily and occasional shopping

General category COMMERCIAL
Top alternative use upside
Office building $9.3M +34.9%
Restaurant $8.1M +17.2%
Industrial (general) $7.6M +9.9%

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?”
More about this property
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