85 High StWaldorf, MD 20602

Property Details for 85 High St

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.50 AC

Property size (Sq ft)

2,990 SF

Zone code

PUD

Property type

Office buildings

APN

06-100104

APU

6100104

Description

This exceptional investment opportunity presents an 18,060 square foot multi-tenant office building situated on a prominent 1.5-acre corner lot in Waldorf, Maryland. The property boasts a highly desirable location at the intersection of St. Thomas Drive and St. Charles Parkway, ensuring excellent visibility and accessibility. Currently operating with various lease terms in place, this building offers immediate cash flow with potential for future growth. The building is zoned St. Charles PUD, providing flexibility for potential future development or expansion. The property is served by public water and sewer, simplifying operations and maintenance. The asking price of $1,995,000 represents a compelling 8% capitalization rate, making this an attractive investment for discerning buyers seeking strong returns in a stable market. The substantial square footage and multiple tenants provide a diversified income stream, mitigating risk and enhancing long-term value. This is a rare opportunity to acquire a well-located, income-producing office building in a growing area of Southern Maryland. The property's strategic location and existing tenant base make it an ideal investment for both seasoned and new investors. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $772,706

  6.5%

  $713,267

  7%

  $662,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $499,360

  Geo Method

  $499,360

• Alternative Use

  Use

  Valuation

  Residential

  $884,452

  Hospitality

  $810,153

  Educational

  $674,038

  Medical

  $697,219

  Retail

  $1,048,503

Location Insight

City

Waldorf

County

Charles

State

Maryland

Latitude

38.6044

Longitude

-76.8991

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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