8638 Veterans HwyMillersville, MD 21108
- Office properties
- 26,385 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,654,808
- 6.5%
- $4,296,746
- 7%
- $3,989,836
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,486,602
- Geo Method
- $1,659,880
-
Alternative Use
- Use
- Valuation
- Residential
- $5,327,966
- Hospitality
- $4,880,388
- Educational
- $4,060,426
- Medical
- $4,200,070
- Retail
- $6,316,218
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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