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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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