2563 Forest Drive, Annapolis, MD 21401


Property Details

Two story office building in Annapolis. Overlooks the Annapolis Towne Center. Excellent visibility and signage. 100% leased. Corner of Forest Drive and Solomons Island Road. Adjacent to Office Depot.

  • County: ANNE ARUNDEL
  • Property Size: 4000 sq. ft.
  • Current Vacancy: 0 %
  • Avg. Rental Rate: 16 psf
  • Year Built: 1983

Additional Details

  • Property Class: Class C. Older or not renovated. Some functional obsolescence.
  • Large Tenant Exposure: No, it's an even mix.
  • Large Tenant Exposure: Excellent. Building can be easily seen from one or more roads.
  • Access: Limited entry/exit yet easily used.
  • Traffic Light: No
  • Condition of Property: Moderate. Minor repairs/updating required. Mainly cosmetic.
  • Parking: Moderate. Lot typically full, open spaces usually available.
  • Proximity to Highway: Excellent
  • 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
5.25% (4.99% to 5.51%)

Estimated Value
$849,529.89 ($212.38 psf)

Estimated NOI

Market Score Strong
Property Score Average

What If Analysis?

  Entered Data Adjustment Points Recalculated Metrics  
Current Vacancy Rate 0.0% Lower Current Vacancy Rate    Raise Current Vacancy Rate Adjusted Cap Rate 8.23%
Average Rental Rate $16 Lower Average Rental Rate    Raise Average Rental Rate Adjusted Value $542,405.83
Unemployment Rate 6.2% Lower Unemployment Rate    Raise Unemployment Rate Differential  

For Sale $695,000

The Cap Score:
5.25% (4.99% to 5.51%)
Estimated Value:
$849,529.89 ($212.38 psf)
Estimated NOI:

Contact The Agent

Mike Foundos

Foundos & Associates, LLC

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