Property profile

8826 Washington Blvd Jessup, MD 20794

FOR SALE
Office buildings
Property ID
US40-2357563
6,076 SF 2.03 ac lot Built 1972
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a ±6,000 square foot office building situated on a sizable 2.03-acre lot. The property is strategically located on Washington Boulevard in Jessup, Maryland, a highly trafficked area offering excellent visibility. Built in 1972, the existing structure provides immediate income potential or a blank canvas for redevelopment. The property's prime location boasts proximity to significant transportation arteries, including Route 32 and is conveniently located approximately one mile from the National Bus Park and 1.5 miles from Fort Meade/NSA. This makes it an attractive proposition for a variety of uses. Concept plans for hotel development are already in hand, highlighting the significant potential for future growth and increased return on investment. The property's size and location on the busy Route 1 corridor present an ideal redevelopment opportunity for an astute investor seeking to capitalize on the area's strong growth trajectory. The asking price for this remarkable property is $1,600,000. This presents a rare chance to acquire a substantial commercial property in a thriving Maryland location. The property's zoning and potential uses should be independently verified.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1972
Construction BRICK
Total area 6,076 SF
Lot 2.03 ac (88,427 SF)
Zoning code CECLI
APN 06-392660
UPID US40-2357563

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
  • Restaurant

Location

8826 Washington Blvd Jessup, MD 20794
Jessup metro Census 606901 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$465k

Owner & transaction history

since 2006
1 recorded transaction
2006
$1.6M

Zoning & alternative use

CECLI · Jessup, 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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