27 Old Solomons Island Road, Annapolis, MD 21401

Current
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Property Details

Owner financing available. Only 10% down. Walk to Whole Foods! Newly renovated office building for sale in Annapolis. Plenty of parking. Building has great curb appeal.

  • County: ANNE ARUNDEL
  • Property Size: 4500 sq. ft.
  • Current Vacancy: 100 %
  • Avg. Rental Rate: 18 psf
  • Year Built: 1985

Additional Details

  • Property Class: Class B. Most common type. Smaller size with more moderate rents.
  • Large Tenant Exposure: Not Sure.
  • Large Tenant Exposure: Moderate. No major obstruction.
  • Access: Limited entry/exit yet easily used.
  • Traffic Light: No
  • Condition of Property: Excellent. New or newly renovated.
  • Parking: Excellent. Ample parking available.
  • Proximity to Highway: Moderate
  • Proximity to Amenities: Multiple options for services
  • LEED Certification: No
  • Curb Appeal: Clean, tidy, and well maintained.


Market vs. Property Comparison

Avg. Rental Rate
Current Vacancy
Cap Score



The Cap Score

Cap Score
6.18% (5.87% to 6.49%)

Estimated Value
$913,758.79 ($203.06 psf)

Estimated NOI
$56,497.50


Market Score Strong
74
Property Score Average
43.6


What If Analysis?

  Entered Data Adjustment Points Recalculated Metrics  
Current Vacancy Rate 100.0% Lower Current Vacancy Rate    Raise Current Vacancy Rate Adjusted Cap Rate 6.18%
Average Rental Rate $18 Lower Average Rental Rate    Raise Average Rental Rate Adjusted Value $914,199.03
Unemployment Rate 6.2% Lower Unemployment Rate    Raise Unemployment Rate Differential  
  Reset

For Sale $1,300,000

For Lease $20

The Cap Score:
6.18% (5.87% to 6.49%)
Estimated Value:
$913,758.79 ($203.06 psf)
Estimated NOI:
$56,497.50

Contact The Agent

Mike Foundos

Foundos & Associates, LLC

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