801 Compass WayAnnapolis, MD 21401

Property Details for 801 Compass Way

Year built

1990

Construction

BRICK

Lot size

2.31 AC

Property size (Sq ft)

16,494 SF

Zone code

R2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

02-892-90053442

APU

289290053442

Description

Heritage Harbour Center offers 8,000 square feet of available office space in Anne Arundel County. This Class B, two-story building, constructed in 1990, totals 32,987 square feet and features seven suites, ideal for multiple tenants. The minimum divisible space is 950 square feet, with a maximum contiguous space of 5,500 square feet. Suites 203, 205, and 207 offer contiguous space ranging from approximately 950 to 3,850 square feet. The building boasts ample natural light thanks to expansive window lines. Convenient amenities include a single elevator, common hall bathrooms with granite countertops, and a parking ratio of 3 spaces per 1,000 square feet. The property is zoned OS and is situated in a thriving urban area with convenient access to walking trails. The building is professionally managed and maintained, offering competitive full-service rates and flexible lease terms. Upstairs offices are particularly well-suited for medical and professional businesses. This location provides a blend of accessibility and a desirable work environment. The property is perfect for businesses seeking flexible space options in a well-maintained building with convenient amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $3,996,296

  6.5%

  $3,688,888

  7%

  $3,425,396

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,410,157

  Geo Method

  $2,614,846

• Alternative Use

  Use

  Valuation

  Residential

  $3,111,715

  Hospitality

  $2,850,314

  Educational

  $2,371,428

  Medical

  $2,452,985

  Retail

  $3,688,888

Location Insight

City

Annapolis

County

Anne Arundel

State

Maryland

Latitude

38.9759

Longitude

-76.589

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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