8638 Veterans HwyMillersville, MD 21108

Property Details for 8638 Veterans Hwy

Year built

2004

Lot size

2.00 AC

Property size (Sq ft)

26,385 SF

Zone code

C2

Property type

Office buildings

APN

04-000-90213922

APU

400090213922

Description

Benfield Crossing presents a prime opportunity for businesses seeking Class A office space in the thriving Millersville submarket of Anne Arundel County. This single, three-story building, totaling 26,385 square feet, underwent a complete renovation in 2023, boasting modern aesthetics and functionality. Currently, there are two available suites, ranging from 1,837 to 2,159 square feet, perfect for a variety of businesses. The building features expansive window lines throughout, providing ample natural light. Common areas have been recently updated, creating a professional and inviting atmosphere. The property sits on two acres of landscaped grounds, offering abundant parking for tenants and visitors. Its strategic location just off I-97, with prominent pylon signage on Veterans Highway, ensures high visibility and easy access. The location provides exceptional connectivity to major roadways, including convenient access to I-695 (Baltimore Beltway), Route 50 (Annapolis and Washington, D.C.), and is within close proximity to Annapolis, Severna Park, Crofton, Fort Meade, and BWI Airport. Built in 2003, this property offers a blend of established infrastructure and modern upgrades, making it an ideal location for businesses seeking a prestigious and easily accessible office environment. Elevators are available for convenient access to all three floors. The property is classified as both Traditional and Medical Office space, making it suitable for a wide range of tenants. Currently, 3,159 square feet of space is vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $5,275,450

  6.5%

  $4,869,650

  7%

  $4,521,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,486,600

  Geo Method

  $1,659,880

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,133,470

  Retail / Commercial

  $4,772,420

  Mixed-Use / Specialty

  $4,825,410

  Hospitality / Lodging

  $3,631,380

  Institutional / Educational

  $5,041,500

  Residential Income

  $5,898,550

  Multifamily

  $6,686,360

  Automotive / Energy

  $4,321,280

  Parking / Income-Based Land

  $1,422,070

  Restaurant / Food Service

  $2,659,120

  Healthcare / Senior Housing

  $4,876,580

Location Insight

City

Millersville

County

Anne Arundel

State

Maryland

Latitude

39.0916

Longitude

-76.6246

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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