621 Stemmers Run RdEssex, MD 21221

Property Details for 621 Stemmers Run Rd

Year built

1985

Construction

BRICK

Lot size

0.65 AC

Property size (Sq ft)

12,000 SF

Zone code

BL

Property type

Office buildings

APN

15-1502470400

APU

151502470400

Description

The Stem-Ross Professional Center, located at 621 Stemmers Run Rd, Essex, MD 21221, offers exceptional office space for lease in the thriving Essex submarket of Baltimore. This multi-tenant building features flexible spaces ranging from 1,250 to 2,500 square feet, perfect for a variety of professional businesses. The property is zoned BL & DR5.5, accommodating a diverse range of uses. Currently, the center houses a vibrant mix of tenants, including nail salons, estheticians, medical professionals (primary care, transportation, behavioral health), retailers, photographers, hair salons, and weight-loss/health management services. This demonstrates the building's versatility and strong appeal to a wide range of businesses. The building's established tenant base speaks to its desirable location and operational efficiency. The property is professionally managed, ensuring a smooth and efficient leasing experience. Available spaces provide an excellent opportunity to establish or expand your business in a well-established and diverse professional community. Inquire today to learn more about leasing options and secure your space in this dynamic Essex business center.

• CAP approach

  CAP return

  Valuation

  6%

  $2,932,470

  6.5%

  $2,706,900

  7%

  $2,513,550

• Comparable approach

  Method

  Valuation

  Relative Method

  $754,920

  Geo Method

  $754,920

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,038,890

  Retail / Commercial

  $2,640,760

  Mixed-Use / Specialty

  $2,676,140

  Hospitality / Lodging

  $2,021,720

  Institutional / Educational

  $2,798,120

  Residential Income

  $3,273,800

  Multifamily

  $3,678,080

  Automotive / Energy

  $2,398,390

  Parking / Income-Based Land

  $783,397

  Restaurant / Food Service

  $1,487,480

  Healthcare / Senior Housing

  $2,698,400

Location Insight

City

Baltimore

County

Baltimore

State

Maryland

Latitude

39.3274

Longitude

-76.4672

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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