4590 Graphics DrWhite Plains, MD 20695
- Office properties
- 17,100 SF
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
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
Comparable in this City
Similar Nearby for Sale
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