8638 Veterans HwyMillersville, MD 21108

  • Office properties
  • 26,385 SF
For Lease
$18.50/SF/YR View listing

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
8638 Veterans Hwy, Millersville, Maryland

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$41,638
$1,400,000
$2,413,000
$3,813,000
-
$1,400,000
$2,413,000
$3,813,000

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