Property profile

627 Race St Cambridge, MD 21613

OFF-MARKET
Office buildings
Property ID
US40-0737120
41,436 SF 1.47 ac lot Built 1998
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A executive office building in Cambridge, MD, offers 41,436 square feet of meticulously maintained professional space. Situated on a 1.47-acre lot, the three-story brick building boasts 108 asphalt-paved parking spaces. The interior features a variety of spaces including reception areas, conference rooms, co-working areas, and private offices, all adaptable to various needs. Each floor encompasses approximately 13,812 square feet and is conveniently accessible via elevator. Recent upgrades include interior lighting, HVAC systems, elevators, and exterior landscaping. The property also benefits from its location within a Qualified Opportunity Zone. This competitively priced building is available for sale at $7,495,000 and also for lease at $14.00 per square foot per year (NNN). Built in 1998, this property presents a unique opportunity for businesses seeking a premium office environment in a desirable location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Construction STEEL FRAME
Total area 41,436 SF
Lot 1.47 ac (64,033 SF)
APN 07-192916
UPID US40-0737120

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
  • Business Service Center Employment Agency
  • Employment Agency
  • State Government Office

Location

627 Race St Cambridge, MD 21613-2333
Cambridge metro Census 970500 CAMBRIDGE, MD MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.68M
Blend (final) Blend
$4.04M

Owner & transaction history

since 2024
Last sale
$3.7M
4 recorded transactions
2024
$6.1M
2022
$3.7M
2000
$4.3M
1969
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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