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Chesley Building 2024 West St 26,916 SF 100% Leased Office Building Annapolis, MD 21401 $5,850,000 ($217.34/SF) 7.50% Cap Rate
EXECUTIVE SUMMARY
Prime location at the intersection of Route2/Solomons Island Rd and MD-450/West St. 100% Leased! Building was recently fully remodeled to include New Glass, New Facade, New Elevator, New HVAC and New Lobbies. 99 free surface parking spaces. Easy access to Routes 50 and 97.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
26,916 SF
Building Class
B
Year Built
1981
Price
$5,850,000
Price Per SF
$217.34
Cap Rate
7.50%
NOI
$438,750
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
8,879 SF
Building FAR
0.55
Lot Size
1.13 AC
Zoning
TC, Annapolis - Town Center District, intended for mixed-use development (residential and commercial) in central areas
Parking
99 Spaces (2.79 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
- Storage Space
- Air Conditioning
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 02-000-03984650 | Total Assessment | $5,567,567 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02-000-03984650
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$5,567,567 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Chesley Building | 2024 West St
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