2191 Defense HwyCrofton, MD 21114

Property Details for 2191 Defense Hwy

Year built

1989

Construction

BRICK

Lot size

1.65 AC

Property size (Sq ft)

50,616 SF

Zone code

C3

Property type

Office properties

Property subtype

Office buildings

APN

02-000-04752100

APU

200004752100

Description

This exceptional Class A office building, located at 2191 Defense Hwy, Crofton, MD 21114, offers 61,000 square feet of versatile space across five stories. Situated on a 1.65-acre lot (71,874 sq ft), this single building property boasts a prime location in the Crofton submarket of Anne Arundel County. Built in 1989 and extensively renovated in 2022, the building features a modern lobby with new flooring, updated upper-level common areas with new carpeting, renovated bathrooms, and modernized elevators. The property is zoned C3 and conveniently located near Route 3 (Crain Hwy), providing easy access to shopping and restaurants. Ample parking is available, including covered garage parking, with a total of 150 spaces. The building caters to multiple tenants and offers various office subtypes including executive, traditional, medical, and creative office spaces. A shared conference/meeting room is available for all tenants, and full build-out allowances are offered. This property presents a unique opportunity for businesses seeking a high-quality, well-maintained office space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $8,180,768

  6.5%

  $7,551,478

  7%

  $7,012,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,956,790

  Geo Method

  $3,184,252

• Alternative Use

  Use

  Valuation

  Residential

  $9,363,833

  Hospitality

  $8,577,221

  Educational

  $7,136,148

  Medical

  $7,381,570

  Retail

  $11,100,674

Location Insight

City

Crofton

County

Anne Arundel

State

Maryland

Latitude

38.9914

Longitude

-76.6997

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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