Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2899 Jessup Rd Jessup, MD 20794-9726
    Back to Search
    Property profile & analytics

    2899 Jessup Rd Jessup, MD 20794-9726

    View on Map
    • Office buildings
    • 2,220 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US40-1484024
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Washington Business Interiors / Furniture & Home Goods
    • Campus & Co / Charitable Organization
    • Mail Forwarding / Shipping Company / Freight Service

    Property Details for 2899 Jessup Rd

    Construction
    BRICK
    Lot size
    1.00 lot acres
    Property size
    2,220 SF
    Zone code
    SB
    Property type
    Office buildings
    APN
    04-000-01043337
    APU
    400001043337

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jessup
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.7683
    Latitude
    39.1441
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,276
    $0.00
    $0.00
    $391,533
    -
    $180,000
    $211,600
    $391,600

    Comparable in this City

    • Value Estimation
      $39,730,000
      153,697 SF

      540 National Business Pkwy

      OFFICE BUILDING • 153,697 SF
      540 National Business Pkwy, Jessup, MD 20794-9833
      View Details
    • Value Estimation
      $16,290,000
      126,960 SF

      Sentinel Way

      OFFICE BUILDING • 126,960 SF
      Sentinel Way, Jessup, MD 20794
      View Details
    • Value Estimation by Request
      1,404 SF

      10782 Guilford Rd

      OFFICE BUILDING • 1,404 SF
      10782 Guilford Rd, Jessup, MD 20794-9385
      View Details
    • Value Estimation
      $1,840,000
      7,800 SF

      7900 Oceano Ave

      OFFICE BUILDING • 7,800 SF
      7900 Oceano Ave, Jessup, MD 20794-9412
      View Details
    • Value Estimation
      $930,000
      1,936 SF

      7706 Race Rd

      OFFICE BUILDING • 1,936 SF
      7706 Race Rd, Jessup, MD 20794-9772
      View Details
    • Value Estimation by Request
      700 SF

      10602 Guilford Rd

      OFFICE BUILDING • 700 SF
      10602 Guilford Rd, Jessup, MD 20794-9111
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,000 SF

      Office Building on Washington Blvd

      6,000 SF office building on 2.03 acres.
      8826 Washington Blvd, Jessup, MD 20794
      View Details
    • New
      $525,000

      Commercial/Industrial Opportunity in Jessup, MD

      Prime commercial/industrial space with easy access and abundant parking.
      10630 Riggs Hill Rd, Jessup, MD 20794
      View Details
    • Contact for pricing

      Jessup Warehouse with Excess Land

      121,211 SF warehouse with modernized office and excess land.
      7510 Montevideo Rd, Jessup, MD 20794
      View Details
    • $999,999

      Commercial Lots in High Development Area

      Two commercial lots for sale in a dynamic growth area.
      2858 Jessup Rd, Jessup, MD 20794
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Pad Site Opportunity

      Pad site for lease in a commercial corridor.
      2834 Jessup Rd, Jessup, MD 20794
      View Details
    • Contact for pricing

      Warehouse and Office Space Available

      Warehouse and office space for lease in Jessup, Maryland.
      8588 Old Dorsey Run Rd, Jessup, MD 20794
      View Details
    • Contact for pricing

      Mixed-Use Property Near Washington Boulevard

      Mixed-use property with retail/office space and luxury apartments.
      8152 Washington Blvd, Jessup, MD 20794
      View Details
    • Contact for pricing

      Secured Outdoor Storage with Building

      Fenced storage in Baltimore-Washington Corridor with industrial building.
      8548 Old Dorsey Run Rd, Jessup, MD 20794
      View Details
    • Contact for pricing
      Pending

      Jessup Warehouse Space Available

      Warehouse space available for rent in Jessup, Maryland.
      8265 Patuxent Range Rd, Jessup, MD 20794
      View Details
    • Contact for pricing
      193,500 SF

      Jessup Warehouse Space Available

      193,500 sqft warehouse space for lease in Jessup, MD.
      8231 Stayton Dr, Jessup, MD 20794
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2899 Jessup Rd
    Jessup, MD 20794-9726
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2899 Jessup Rd, Jessup, MD, 20794
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!