Property profile

8638 Veterans Hwy Millersville, MD 21108

FOR LEASE
Office buildings
Property ID
US40-1396488
26,385 SF 2 ac lot Built 2004
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Benfield Crossing presents a prime opportunity for businesses seeking Class A office space in the thriving Millersville submarket of Anne Arundel County. This single, three-story building, totaling 26,385 square feet, underwent a complete renovation in 2023, boasting modern aesthetics and functionality. Currently, there are two available suites, ranging from 1,837 to 2,159 square feet, perfect for a variety of businesses. The building features expansive window lines throughout, providing ample natural light. Common areas have been recently updated, creating a professional and inviting atmosphere. The property sits on two acres of landscaped grounds, offering abundant parking for tenants and visitors. Its strategic location just off I-97, with prominent pylon signage on Veterans Highway, ensures high visibility and easy access. The location provides exceptional connectivity to major roadways, including convenient access to I-695 (Baltimore Beltway), Route 50 (Annapolis and Washington, D.C.), and is within close proximity to Annapolis, Severna Park, Crofton, Fort Meade, and BWI Airport. Built in 2003, this property offers a blend of established infrastructure and modern upgrades, making it an ideal location for businesses seeking a prestigious and easily accessible office environment. Elevators are available for convenient access to all three floors. The property is classified as both Traditional and Medical Office space, making it suitable for a wide range of tenants. Currently, 3,159 square feet of space is vacant.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2004
Total area 26,385 SF
Lot 2 ac (87,120 SF)
Zoning code C2
APN 04-000-90213922
UPID US40-1396488

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
  • Loan Service Bank
  • Physician
  • Physician
  • Physician
  • Physician

Location

8638 Veterans Hwy Millersville, MD 21108
Millersville metro Census 730601 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.97M
CAP Approach CAP
$3.04M
Comparable Approach Comparable
$3.28M
Blend (final) Blend
$4.21M

Owner & transaction history

since 2023
Last sale
$3.5M
7 recorded transactions
2023
$3.5M
2020
Price N/A
2020
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Millersville, MD

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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More about this property
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