5550 Sterrett Pl 109, Columbia, MD 21044-2611
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.