Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    888 Bestgate Rd Annapolis, MD 21401
    Back to Search
    Property profile & analytics

    888 Bestgate Rd Annapolis, MD 21401

    View on Map
    • Office buildings
    • 129,464 SF
    • 7.38 lot acres
    For Lease
    View Listing →
    Class A Office Building For Lease
    Contact for pricing
    129,940 SF

    Class A Office Building

    Class A office building in Annapolis near Annapolis Mall.

    888 Bestgate Road, Annapolis, MD 21401
    View Listing
    Property ID
    US40-0789939
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ACTIVECYBER, LLC / IT Consulting Firm / Tech Support Center
    • Vernon Sheen, DMD / Dental Office
    • Annapolis Center For Dental / Dental Office
    • Chesapeake Endo / Dental Office
    • Dr. Angela Miele, DMD / Dental Office

    Property Details for 888 Bestgate Rd

    Year built
    2002
    Construction
    BRICK
    Lot size
    7.38 lot acres
    Property size
    129,464 SF
    Zone code
    W1
    Property type
    Office buildings
    APN
    02-000-90067407
    APU
    200090067407

    Description

    This exceptional Annapolis, MD property, located at 888 Bestgate Road, offers 129,940 square feet of prime Class A office and warehouse space. The four-story building boasts a newly renovated two-story lobby with modern finishes and a state-of-the-art energy management system. Multiple suites are available, ranging from 1,994 to 5,605 contiguous square feet, with a total of 14,445 square feet currently vacant. Amenities include an exclusive tenant gym and an on-site café with outdoor seating. The building features a 9-foot ceiling height and ample parking (4 spaces per 1,000 sq ft). Its convenient location at the intersection of Bestgate Road and Commerce Park Drive, adjacent to Annapolis Mall, provides easy access to US Route 50, I-97, downtown Annapolis, and the Baltimore/DC metro areas. The property is zoned W-1 and is situated in Anne Arundel County (zip code 21401). Elevators are available for convenient access to all four floors. This multi-tenant building presents a unique opportunity for businesses seeking high-quality office and/or warehouse space in a desirable Annapolis location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $73,675,000
      Market price range: $35.9M - $106M
      AI Estimate
      $40,110,000
      Market price range: $18.5M - $64.9M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $72,375,000
      Current use
      RESTAURANT
      $62,895,000
      Change: -13% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $58,975,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Annapolis
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5436
    Latitude
    38.9943
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $343,933
    $0.00
    $0.00
    $31,495,733
    -
    $7,321,000
    $25,166,200
    $32,487,200

    Comparable in this City

    • Value Estimation
      $2,040,000
      7,700 SF

      1925 Ww St

      OFFICE BUILDING • 7,700 SF
      1925 Ww St, Annapolis, MD 21401-3930
      View Details
    • Value Estimation
      $1,650,000
      6,484 SF

      26 Ww St

      OFFICE BUILDING • 6,484 SF
      26 Ww St, Annapolis, MD 21401-2421
      View Details
    • Value Estimation
      $9,450,000
      67,842 SF

      2510 Riva Rd

      OFFICE BUILDING • 67,842 SF
      2510 Riva Rd, Annapolis, MD 21401-7405
      View Details
    • Value Estimation
      $1,015,000
      2,800 SF

      7 School St

      OFFICE BUILDING • 2,800 SF
      7 School St, Annapolis, MD 21401-1920
      View Details
    • Value Estimation
      $535,000
      1,184 SF

      18 Market Spc Spcct

      OFFICE BUILDING • 1,184 SF
      18 Market Spc Spcct, Annapolis, MD 21401-1816
      View Details
    • Value Estimation
      $1,000,000
      2,450 SF

      221 Duke Of Gloucester St

      OFFICE BUILDING • 2,450 SF
      221 Duke Of Gloucester St, Annapolis, MD 21401-2506
      View Details

    Similar Nearby for Sale

    • $1,200,000

      West Street Commercial Building For Sale

      Commercial building on West Street with parking and owner financing.
      1200-1202 West St, Annapolis, MD 21401
      View Details
    • Contact for pricing

      Permit Ready Office/Retail/Medical Building

      Approved plans for up to 22,000 SF office/retail/medical building.
      1503 Forest Dr, Annapolis, MD 21401
      View Details
    • $899,999

      Two-Level Office Building Opportunity

      Two-level office building near Annapolis Mall, ready for business.
      2563 Forest Dr, Annapolis, MD 21401
      View Details
    • Contact for pricing
      725 SF

      Freestanding Office Building For Sale

      725 SF freestanding office building with high visibility.
      131 Defense Hwy, Annapolis, MD 21401
      View Details
    • Contact for pricing

      Annapolis Commercial Building on Ridgely

      Freestanding 7,438 SF building ideal for diverse commercial uses.
      12-14 Ridgely Ave, Annapolis, MD 21401
      View Details
    • $975,000

      Renovated Office Building Near Downtown

      Three-story renovated office building with ample parking near Annapolis.
      1205 West St, Annapolis, MD 21401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Building Annapolis

      Three-story, 36,000 SF Class A office building for lease.
      151 West St, Annapolis, MD 21401
      View Details
    • Contact for pricing

      LEED-Certified Office Space Available

      Class A office space near Annapolis and major transportation routes.
      181-189 Harry S Truman Pkwy, Annapolis, MD 21401
      View Details
    • Contact for pricing

      Modern Office Space in Annapolis

      Class A office redevelopment with modern amenities and convenient location.
      1750 Forest Dr, Annapolis, MD 21401
      View Details
    • Contact for pricing
      8,797 SF

      Annapolis Office and Retail Space

      Office and retail building in Historic Annapolis with ample parking.
      1 Park Pl, Annapolis, MD 21401
      View Details
    • Contact for pricing

      Downtown Annapolis Class A Office

      Class A office building available for rent in downtown Annapolis.
      200 Westgate Cir, Annapolis, MD 21401
      View Details
    • Contact for pricing

      Class A Office Building

      Class A office building in Annapolis near Annapolis Mall.
      888 Bestgate Rd, Annapolis, MD 21401
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    888 Bestgate Rd
    Annapolis, MD 21401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    888 Bestgate Rd, Annapolis, MD, 21401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!