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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2957 Jessup Rd Jessup, MD 20794-9724

    • Office buildings
    • 2,008 SF
    • 9.76 lot acres
    OFF-MARKET
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-2034642
    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.

    Current Use by Public Records

    • Equipment Service Center / Lawn Mower Store

    Property Details for 2957 Jessup Rd

    Year built
    1915
    Construction
    BRICK
    Lot size
    9.76 lot acres
    Property size
    2,008 SF
    Zone code
    R1
    Property type
    Office buildings
    APN
    04-000-90060363
    APU
    400090060363

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $855,000
      RETAIL STORES
      $830,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jessup
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.7739
    Latitude
    39.1471
    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
    $6,621
    $0.00
    $0.00
    $606,333
    -
    $303,300
    $303,100
    $606,400

    Comparable in this City

    • Value Estimation
      $505,000
      4,540 SF

      7736 Chesapeake Bay Ct

      OFFICE BUILDING • 4,540 SF
      7736 Chesapeake Bay Ct, Jessup, MD 20794
      View Details
    • Value Estimation
      $42,105,000
      116,160 SF

      410 National Business Pkwy

      OFFICE BUILDING • 116,160 SF
      410 National Business Pkwy, Jessup, MD 20794-1066
      View Details
    • Value Estimation
      $41,890,000
      139,000 SF

      420 National Business Pkwy

      OFFICE BUILDING • 139,000 SF
      420 National Business Pkwy, Jessup, MD 20794-1079
      View Details
    • Value Estimation
      $37,140,000
      187,643 SF

      7839 Brock Brg Rd

      OFFICE BUILDING • 187,643 SF
      7839 Brock Brg Rd, Jessup, MD 20794-9702
      View Details
    • Value Estimation
      $1,715,000
      15,408 SF

      8015 Dorsey Run Rd, Unit 2

      OFFICE BUILDING • 15,408 SF
      8015 Dorsey Run Rd, Jessup, MD 20794-9300
      View Details
    • Value Estimation
      $1,115,000
      9,075 SF

      10401 Guilford Rd

      OFFICE BUILDING • 9,075 SF
      10401 Guilford Rd, Jessup, MD 20794-9117
      View Details

    Similar Nearby for Sale

    • $1,600,000
      2.03 Acres

      Jessup Office Building - $1.6M

      ±6,000 SF Office, 2.03 Acres, High Visibility
      8826 Washington Blvd, Jessup, MD 20794
      View Details
    • $160,000

      Spacious Mobile Home in Jessup

      Updated 3-bedroom, 2-bath mobile home near major commuter routes.
      8353 Ashwood Rd, Jessup, MD 20794
      View Details
    • $75,000
      0.24 Acres

      Land in Jessup, Maryland

      Land with potential in Howard County under $100,000.
      10075 Guilford Rd, Jessup, MD 20794
      View Details
    • $479,900

      Glen Court Specialty Property

      Specialty property available for sale in Jessup, Maryland.
      8252 Glen Ct, Jessup, MD 20794
      View Details
    • $1,200,000
      2 SF

      Land Parcel for Sale

      Land available for sale in Jessup, Maryland.
      Dorsey Run Rd, Jessup, MD 20794
      View Details
    • $999,999

      Commercial Land in High Development Area

      Two commercial lots available in a dynamic growth area.
      2860 Jessup Rd, Jessup, MD 20794
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,000 SF

      Mission Place Executive Offices

      Laurel, MD: Prime Office Suites Available
      8152 Washington Blvd, Laurel, MD 20794
      View Details
    • Contact for pricing
      18,054 SF

      Jessup Warehouse and Office Space

      18,054 SF office and warehouse with planned improvements.
      8588 Old Dorsey Run Rd, Jessup, MD 20794
      View Details
    • 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
      29,843 SF

      Jessup Flex / Warehouse Space

      Flex/warehouse space available in Jessup, Maryland.
      10621 Iron Bridge Rd, Jessup, MD 20794
      View Details
    • Contact for pricing
      140,000 SF

      Jessup Flex/Industrial Space Available

      140,000 SF flex/industrial space for rent in Jessup, MD.
      8240 Patuxent Range Rd, Jessup, MD 20794
      View Details
    • Contact for pricing
      86,760 SF

      Jessup Flex/Industrial Space Available

      86,760 SF flex/industrial space for lease in Jessup.
      8220 Patuxent Range Rd, Jessup, MD 20794
      View Details
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    2957 Jessup Rd
    Jessup, MD 20794-9724
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    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
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