7939 Honeygo BlvdWhite Marsh, MD 21236

Property Details for 7939 Honeygo Blvd

Construction

BRICK

Lot size

2.21 AC

Property size (Sq ft)

28,271 SF

Zone code

ML

Property type

Office properties

Property subtype

Office buildings

APN

14-2000001188

APU

142000001188

Description

This exceptional three-building office campus, totaling approximately 80,046 square feet, presents a unique investment opportunity in Baltimore County's White Marsh submarket. Situated on over six acres of land at the prominent intersection of Honeygo Boulevard and Perry Hall Boulevard, this Class B property offers unparalleled accessibility and visibility. The campus boasts a flexible layout, with spaces ranging from 1,205 to 6,557 contiguous square feet, accommodating a variety of tenants. Currently configured for multiple tenants, this property is suitable for general office, medical, and retail uses. Its prime location across from White Marsh Mall and within walking distance of The Avenue at White Marsh provides exceptional convenience for employees and customers. A new 759-unit residential development is under construction directly across the street, further enhancing the property's desirability. The property benefits from its proximity to major transportation arteries, including I-95 and Route 43, ensuring easy commutes. Ample parking, excellent window lines, and multiple outdoor courtyards add to the property's appeal. The zoning is BM, and the property features two-story buildings. This is an exceptional opportunity to acquire a well-located, versatile office campus in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $6,095,880

  6.5%

  $5,626,967

  7%

  $5,225,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,778,529

  Geo Method

  $1,778,529

• Alternative Use

  Use

  Valuation

  Residential

  $6,977,439

  Hospitality

  $6,391,296

  Educational

  $5,317,484

  Medical

  $5,500,360

  Retail

  $8,271,641

Location Insight

City

Baltimore

County

Baltimore

State

Maryland

Latitude

39.372

Longitude

-76.4716

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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