This exceptional Class A medical and professional office building, located at 2200 Defense Highway in Crofton, Maryland, offers a prime opportunity for businesses seeking high-quality space. The single, four-story building, constructed in 1990 and extensively renovated in 2022, boasts a total of 65,780 square feet. Four suites are available, with sizes ranging from a minimum of 1,273 square feet to a maximum contiguous space of 3,301 square feet. A total of 9,475 square feet is currently vacant, providing flexibility for various business needs. The building is situated on a 4.04-acre lot and features convenient amenities including elevators. Its strategic location on Defense Highway (Maryland Route 3) in the Crofton submarket of Anne Arundel County ensures excellent visibility and accessibility. The property is zoned C1 and benefits from its proximity to major transportation routes. This meticulously maintained building offers a modern and efficient workspace, ideal for medical practices or professional offices seeking a prestigious address in a thriving community. The building's recent renovation ensures modern finishes and updated systems, providing a comfortable and productive environment for tenants. The available spaces provide a unique opportunity to establish or expand your business in a highly desirable location. Contact us today to learn more about leasing opportunities.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$10,631,637
6.5%
$9,813,819
7%
$9,112,832
Comparable approach
Method
Valuation
Relative Method
$3,842,612
Geo Method
$4,138,220
Alternative Use
Use
Valuation
Residential
$12,169,136
Hospitality
$11,146,863
Educational
$9,274,059
Medical
$9,593,008
Retail
$14,426,314
Location Insight
City
Crofton
County
Anne Arundel
State
Maryland
Latitude
38.9929
Longitude
-76.7008
CBSA code
12580
CBSA name
BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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