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    FOR SALE
    Office buildings

    8826 Washington Blvd, Jessup, MD 20794

    6,076 SF 2.03 ac lot Built 1972
    Entity Owned 19-yr Hold Free & Clear
    Property ID
    US40-2357563
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Taqueria la Bendicion ...Pupuseria Las Delicias Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Millennium Management Co LLC · 19 yrs held
    Millennium Management Co LLC
    since 2006
    1 recorded transaction
    2006
    $1.6M
    Zoning & alternative use
    CECLI · Jessup, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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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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