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    FOR LEASE
    Office buildings

    3060 Route 97, Glenwood, MD 21738

    43,680 SF 3.16 ac lot Built 1988
    Entity Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US40-0793349
    Property summary
    AI-generated overview

    Glenwood Office Park, located at 3060 Route 97 in Glenwood, Maryland 21738, offers exceptional executive office space for lease. This Howard County property boasts a total of 45,546 square feet, situated on a generous 3.16-acre lot. The building, constructed in 1988, provides multiple tenancy options with a minimum divisible space of 150 square feet and a maximum contiguous space of 6,000 square feet. Currently, 9,600 square feet of space is available for lease. The flexible layout caters to a variety of business needs, with suites ranging in size to accommodate diverse requirements. Shared amenities enhance the tenant experience, including three conference rooms available for tenant use and a large atrium ideal for meetings and gatherings. This location provides easy access to Route 97, offering convenient commuting options. The property presents a unique opportunity for businesses seeking high-quality, adaptable office space in a desirable location. Inquire today to explore the available options and secure your ideal workspace within this established office park.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1988
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 43,680 SF
    Lot 3.16 ac (137,650 SF)
    Zoning code B2
    APN 04-343859
    UPID US40-0793349
    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
    • FedEx Drop Box Postal Service Courier Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.80M
    Blend (final) Blend
    $2.84M
    Owner & transaction history
    Mmgmb LLC · 21 yrs held
    Mmgmb LLC
    since 2005
    2 recorded transactions
    2005
    $4.0M
    1998
    $3.1M
    Zoning & alternative use
    B2 · Glenwood, 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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