Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    400 SUMMIT Avenue Glen Burnie, MD 21060

    View on Map
    New
    For Sale
    $300,000

    MULTI_FAMILY - Rambler - GLEN BURNIE, MD

    Property size:
    3,465 SF
    Lot size:
    0.32 Acres
    Added:
    Mar 29, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 2 at 5:06 pm

    Property Features for 400 SUMMIT Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    3,465 SF
    Lot size
    0.32 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    3767

    Utilities

    Cooling system
    Central Air, Window Unit(s)
    Water front features
    Navigable Water

    Building Details

    Year built
    1940
    Number of units
    1
    Building materials
    Block
    Architectural style
    Rambler

    We can help!

    Listing Contact
    Mark J Manning

    Listing agent Mark J Manning License #521364

    Listing office Century 21 Don Gurney 3201 MOUNTAIN Road unit: 115, Pasadena, MD

    Listing date Mar 29, 2026

    MLS# MDAA2140558

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Glen Burnie Duplex with Clubroom

    This property in Glen Burnie, MD, features a two-unit duplex situated on a 0.3214-acre lot. The first unit includes two bedrooms and one bathroom, while the second unit offers one bedroom and one bathroom. Additionally, there is an 822-square-foot clubroom or storage area with a bathroom, suitable for entertaining or a home business, subject to Anne Arundel County approval for potential conversion into a third home. The property provides water access and a boat ramp, along with ample parking space for boats, RVs, and other vehicles. The total property size is 3465 square feet. The property requires rehabilitation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glen Burnie
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5952599
    Latitude
    39.1571708

    Nearby Similar for Sale

    • $650,000

      Glen Burnie Commercial Property

      C3 zoned property suitable for retail or office use.
      402 CRAIN Highway N, GLEN BURNIE, MD 21061
      View Details
    • $130,000

      Land For Sale in Glen Burnie

      Land available for sale in Glen Burnie, Maryland.
      7339-1 GREEN ACRES Drive, GLEN BURNIE, MD 21060
      View Details
    • $462,500
      1,960 SF

      Spacious Townhome with Assumable VA

      Three-level townhome with a walk-out basement and private rear deck.
      7638 TIMBERCROSS LANE, GLEN BURNIE, MD 21060
      View Details
    • $535,000
      3,479 SF

      Glen Burnie Specialty Property

      3,479 SF specialty property available for sale.
      428 N Crain Hwy, Glen Burnie, MD 21061
      View Details
    • $19

      Office Space on Crain Highway

      Office space for sale with high visibility and ample parking.
      447 Crain Highway N, Glen Burnie, MD 21061
      View Details
    • $265,785

      Glen Burnie Office Space

      First floor office unit with two entrances and kitchen.
      400 Renfro Dr., Glen Burnie, MD 21060
      View Details
    • $1,600,000
      7,500 SF

      Glen Burnie Retail Opportunity

      Retail property in Glen Burnie with redevelopment potential.
      900 Crain Hwy S, Glen Burnie, MD
      View Details
    • $8

      Glen Burnie Flex/Warehouse Space

      Flex/warehouse space with docks, fenced lot, and high visibility.
      120 Langley Road, Glen Burnie, MD 21060
      View Details
    • $4,500

      Contractor's Yard Near BWI Airport

      Contractor's yard with easy access to Baltimore and DC.
      1107 Dorsey Road, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      2,793 SF

      Former Restaurant on Corner Lot

      2793 sq ft former Wendy's on 1.02 acres.
      7399 Baltimore Annapolis Blvd, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      17,500 SF

      Warehouse/Distribution Center in Baymeadow

      Freestanding warehouse/distribution center with waterfront location in Baymeadow.
      6752 Baymeadow Dr, Glen Burnie, MD
      View Details
    • Contact for pricing
      3,350 SF

      Glen Burnie Leased Office Building

      3,350 SF office building fully leased through 2028.
      7346-7352 Ritchie Hwy, Glen Burnie, MD
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with clubroom, water access, and ample parking.
    Where is this duplex located?
    The property is located at 400 SUMMIT Avenue Glen Burnie, MD.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Water access and boat ramp; Two unit duplex with potential for a third unit (subject to county approval); Large 822 sqft clubroom/storage with bathroom, suitable for entertaining or home business
    (410) 615-5510
    We can help!
    Listing Contact
    Mark J Manning
    Real Estate License ID: 521364
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!