2200 Somerville RdAnnapolis, MD 21401

Property Details for 2200 Somerville Rd

Construction

BRICK

Lot size

0.15 AC

Property size (Sq ft)

12,177 SF

Zone code

TC

Property type

Office buildings

APN

02-000-00358263

APU

200000358263

Description

This exceptional 1,608 square foot executive office suite is situated in a Class B building at 2200 Somerville Road, Annapolis, within the vibrant Annapolis Towne Center. The space boasts a desirable location, offering easy access to major roadways including I-97, Riva Road, Route 50, and Route 2, as well as the convenience of downtown Annapolis. The suite itself features a generally open floor plan, thoughtfully divided by a glass partition into two open work areas and one private office. Large windows throughout provide ample natural light. The property offers on-site parking, with additional parking garages conveniently located within walking distance. The building has recently undergone renovations, including a refreshed lobby complete with a spacious lounge and kitchenette available for tenant use. This suite is part of a larger 12,034 square foot multi-tenant building zoned TC in Anne Arundel County's Annapolis submarket, near West Street. Enjoy the immediate proximity to a variety of amenities, including Whole Foods, Mission BBQ, Cooper's Hawk Winery, and Lifetime Fitness. This is a fantastic opportunity for a business seeking a well-appointed and conveniently located office space in a thriving Annapolis community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,007,722

  6.5%

  $1,853,282

  7%

  $1,720,905

• Comparable approach

  Method

  Valuation

  Relative Method

  $705,995

  Geo Method

  $766,055

• Alternative Use

  Use

  Valuation

  Residential

  $2,298,070

  Hospitality

  $2,105,020

  Educational

  $1,751,352

  Medical

  $1,811,583

  Retail

  $2,724,325

Location Insight

City

Annapolis

County

Anne Arundel

State

Maryland

Latitude

38.983

Longitude

-76.5391

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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