11701 Central AveWaldorf, MD 20601

Property Details for 11701 Central Ave

Year built

1973

Construction

STEEL FRAME

Lot size

1.40 AC

Property size (Sq ft)

12,500 SF

Zone code

AUC

Property type

Office buildings

APN

06-041531

APU

6041531

Description

The Castro Building, a newly renovated (2024) two-story office building in Waldorf, MD, offers 12,500 square feet of prime commercial space. Located at 11701 Central Ave, with convenient access to Crain Highway, this property features four available suites ranging from 1,256 to 2,618 contiguous square feet. Currently, 5,236 square feet are vacant. The building sits on a 1.4-acre lot and is zoned AUC. Amenities include one elevator and 120-volt power. The building has undergone a complete renovation, with delivery expected in January 2025. Spaces are delivered as a warm dark shell. Ideal for various office uses

• CAP approach

  CAP return

  Valuation

  6%

  $3,230,378

  6.5%

  $2,981,887

  7%

  $2,768,895

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,087,625

  Geo Method

  $2,087,625

• Alternative Use

  Use

  Valuation

  Residential Income

  $3,697,540

  Hospitality / Lodging

  $3,386,926

  Institutional / Educational

  $2,817,883

  Healthcare / Senior Housing

  $2,914,794

  Retail / Commercial

  $4,383,374

Location Insight

City

Waldorf

County

Charles

State

Maryland

Latitude

38.6336

Longitude

-76.9017

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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