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Property profile & analytics
FOR LEASE
Strip malls

801 Compass Way Annapolis, MD 21401

16,494 SF 2.31 ac lot Built 1990
Entity Owned 13-yr Hold Free & Clear
Property ID
US40-2373628
Property summary
AI-generated overview

Heritage Harbour Center offers 8,000 square feet of available office space in Anne Arundel County. This Class B, two-story building, constructed in 1990, totals 32,987 square feet and features seven suites, ideal for multiple tenants. The minimum divisible space is 950 square feet, with a maximum contiguous space of 5,500 square feet. Suites 203, 205, and 207 offer contiguous space ranging from approximately 950 to 3,850 square feet. The building boasts ample natural light thanks to expansive window lines. Convenient amenities include a single elevator, common hall bathrooms with granite countertops, and a parking ratio of 3 spaces per 1,000 square feet. The property is zoned OS and is situated in a thriving urban area with convenient access to walking trails. The building is professionally managed and maintained, offering competitive full-service rates and flexible lease terms. Upstairs offices are particularly well-suited for medical and professional businesses. This location provides a blend of accessibility and a desirable work environment. The property is perfect for businesses seeking flexible space options in a well-maintained building with convenient amenities.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1990
Construction BRICK
Total area 16,494 SF
Lot 2.31 ac (100,624 SF)
Zoning code R2
APN 02-892-90053442
UPID US40-2373628
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
  • Vedasoft Inc (Bike/Boat/Book/etc) Store Corporate Office
  • Smartcomm Llc Medical Laboratory
  • Donaldson & Emerson, Inc. Insurance Agency
  • Bay Capital Mortgage - Billy Patriarca Loan Service Bank
  • Collette Camper: Allstate Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.44M
Owner & transaction history
Ksk Ents LLC · 13 yrs held
Ksk Ents LLC
since 2013
3 recorded transactions
2013
Price N/A
2008
Price N/A
2004
$2.8M
Zoning & alternative use
R2 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

R2-NC (Neighborhood Conservation District). Development Review and Zoning I have my eye on a commercial building for a possible coffee shop but am apprehensive about signing a tenant lease. What should I do? Contact Planning and Zoning to determine if a coffee shop is permitted at this location and to see if there are any other zoning requirements. Iron out…

Zone name Single Family Residence
General category RESIDENTIAL
Zone area 1,332.02 ac
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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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