Property profile

5550 Sterrett Pl 109 Columbia, MD 21044

OFF-MARKET
Commercial real estate
Property ID
US40-0733904
20,798 SF 0.71 ac lot Built 1980
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This three-story, 41,388 square foot Class B medical office building, constructed in 1980 and renovated in 2007, offers a unique opportunity in Columbia, MD. Located at 5550 Sterrett Pl, 21044, this mixed-use property boasts an attractive brick and glass exterior and features 1,075 square feet of immediately available space, in addition to other occupied suites. The building provides 200 parking spaces, a significant advantage in this high-demand area. First-floor units are ideal for retail or medical uses, while the second and third floors offer full-service leases at $23.50 per square foot, inclusive of utilities, weekday cleaning, operating expenses, taxes, and maintenance. The 10-foot ceilings provide ample space and light. Enjoy a prime location in the Columbia Town Center, conveniently situated off Little Patuxent Parkway, across from The Mall in Columbia, and adjacent to the new Lakefront Wellness District. Excellent access to major roadways, including Routes 29, 100, 70, I-695, and I-95, ensures easy commuting for both staff and clients. This is a rare opportunity to secure space in a thriving, well-maintained building within a highly desirable location. One available space is 718 square feet.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 1980
Total area 20,798 SF
Lot 0.71 ac (30,928 SF)
APN 15-138548
UPID US40-0733904

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
  • Counselor Acupuncture Clinic
  • Accounting Firm
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

5550 Sterrett Pl, Unit 109 Columbia, MD 21044-2611
Columbia metro Census 605404 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$2.03M

Owner & transaction history

since 2017
3 recorded transactions
2022
Price N/A
2017
$1.7M
2013
Price N/A

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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