4590 Graphics DrWhite Plains, MD 20695

  • Office properties
  • 17,100 SF
For Sale
$12,900,000 View listing

Property Details for 4590 Graphics Dr

Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
5.38 AC
Property size (Sq ft)
17,100 SF
Zone code
IG
Property type
Office properties
Property subtype
Office buildings
APN
06-204759
APU
6204759

Description

This exceptional 103,000-square-foot industrial property in White Plains, Maryland, presents a compelling value-add investment opportunity. Situated on a 7.38-acre lot, this single-tenant building boasts 8 loading docks, a 20-foot clear ceiling height, and ample parking. Built in 1999, the property features approximately 77,000 square feet of warehouse space and 26,000 square feet of office space, with two clear-span production areas measuring 11,500 and 13,500 square feet respectively. The building benefits from robust power (3-phase/4-wire, 6,800 AMP, 208v and 480v service) and extensive air conditioning (over 200 tons). Currently fully leased, the lease expires in 2025, offering a significant mark-to-market opportunity. The property's location in Charles County provides access to a skilled workforce and a lower cost of living compared to surrounding areas, complemented by the numerous amenities in nearby Waldorf. Charles County's strong economic performance, ranking 39th highest in US income and #1 highest income among minority-majority counties, further enhances the investment potential. The property's proximity to the Capital Beltway (less than 20 miles) ensures excellent regional accessibility. This property offers significant upside potential for investors seeking a strong performing asset in a thriving market. Column spacing is 25' x 50'.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,419,156
    6.5%
    $4,079,221
    7%
    $3,787,848
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,855,871
    Geo Method
    $2,855,871
  • Alternative Use

    Use
    Valuation
    Residential
    $5,058,234
    Hospitality
    $4,633,316
    Educational
    $3,854,864
    Medical
    $3,987,439
    Retail
    $5,996,456
4590 Graphics Dr, White Plains, Maryland

Location Insight

City
White Plains
County
Charles
State
Maryland
Latitude
38.5852
Longitude
-76.9351
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 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
$108,541
-
-
$8,218,867
-
$669,900
$7,567,100
$8,237,000

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