Sign Up Successful!
You now have access to more from Realmo!
    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

    7827 Wise Ave Dundalk, MD 21222

    Sponsored
    For Sale
    $385,000

    Commercial Sale - DUNDALK, MD

    Type:Office
    Lot size:
    0.23 Acres
    Days on Market:
    78
    Last Refresh:
    Feb 20 at 6:06 pm

    Property Features for 7827 Wise Ave

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    8
    Parking features
    Parking Lot
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    1940
    Number of units
    1
    Building materials
    Stucco

    We can help!

    Listing Contact
    Matthew Smoot
    Matthew Smoot

    Realty Plus Associates (443) 966-4683

    Listing agent Matthew Smoot (443) 504-8930 License #621140

    Listing date Dec 5, 2025

    MLS# MDBC2147648

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Commercial Buildings on Wise Avenue

    This property features two renovated commercial buildings offered for the price of one, presenting an investment opportunity. Located on the main strip of Wise Avenue in Dundalk, MD, it benefits from high visibility across from the Weis Shopping Center. The property is zoned BL, suitable for retail sales, personal services, restaurants, banks, offices, taverns, food stores, and medical clinics. The front building, recently renovated in 2023, includes a reception area, waiting room, three office/admin spaces, a full bathroom, and a full kitchen on the main level. The upper level offers a large open flex space with a half bathroom featuring separately zoned AC. The lower level contains additional private office/flex room space, a full bath, and a private rear entrance. The front building has new windows and fresh paint throughout. The rear building, also recently renovated, consists of a reception/entry room, four office/flex spaces, and a half bathroom. This building has a new roof and its electric is separately metered from the front building. The lot size is 0.23 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Dundalk
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4971
    Latitude
    39.2672

    Nearby Similar for Sale

    • $950,000
      0.36 Acres

      Turn-Key Restaurant and Lounge

      Fully equipped restaurant and lounge in Dundalk, Maryland for sale.
      7100 Sollers Point Rd, Dundalk, MD 21222
      View Details
    • New
      $399,900
      1,476 SF

      Updated Home with Rental Potential

      Updated single-family home with multi-generational living or rental income.
      1914 Snyder Ave, Dundalk, MD 21222
      View Details
    • $500,000
      Pending

      Versatile Commercial Building with Three Units

      Commercial building with three units, parking, and convenient location.
      7723 Trappe Rd, Dundalk, MD 21222
      View Details
    • New
      $715,000
      0.34 Acres

      Turnkey Business Opportunity in Dundalk

      Long-standing business with building, license, and equipment included.
      3814 NORTH Point Blvd, Dundalk, MD 21222
      View Details
    • $1,700,000
      9,792 SF

      Dundalk Retail Property - Huge Potential

      Prime Dundalk location, multi-use building, high visibility.
      7201 Sollers Point Rd, Dundalk, MD 21222
      View Details
    • Contact for pricing
      0.23 Acres

      Dundalk Office Building - High Visibility

      Prime Dundalk Office Space - Available Now
      7827 Wise Avenue Ext, Dundalk, MD 21222
      View Details
    • $250,000
      9,693 SF

      Dundalk Multi-Family Investment Opportunity

      Historic building, high redevelopment potential.
      8 Dunmanway, Dundalk, MD 21222
      View Details
    • $249,900
      1,408 SF

      Updated Townhome with Modern Features

      Updated 4-bedroom, 2-bathroom townhome with modern kitchen and parking pad.
      4045 Saint Monica Dr, Dundalk, MD 21222
      View Details
    • Contact for pricing
      0.23 Acres

      Dundalk Office Space - High Visibility!

      Prime Dundalk office, 670 sq ft, high visibility.
      7827 Wise Avenue Ext, Dundalk, MD 21222
      View Details
    • Contact for pricing
      3,608 SF

      Dundalk Retail Building For Sale

      3,608 SF retail building suitable for automotive or redevelopment.
      108 Wise Ave, Dundalk, MD 21222
      View Details
    • Contact for pricing
      136,524 SF

      Sparrows Point Warehouse For Sale

      136,524 SF warehouse with dock and drive-in doors.
      8911 Bethlehem Blvd, Sparrows Point, MD
      View Details
    • $315,000

      End of Group Home

      Spacious home with modern amenities and move-in ready condition.
      7014 Dunbar Rd, Dundalk, MD 21222
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two renovated commercial buildings suitable for investors or entrepreneurs.
    Where is this mixed-use property located?
    The property is located at 7827 Wise Ave Dundalk, MD.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: - Two renovated commercial buildings for the price of one, offering significant investment potential.; - High visibility location on Wise Avenue, across from the Weis Shopping Center.; - BL Zoning allows for a wide range of business types (retail, services, restaurants, offices, etc.).
    (410) 914-4100
    Request Owner's contact information
    7827 Wise Ave Dundalk, MD 21222
    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.
    7827 Wise Ave
    Dundalk, MD 21222
    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
    7827 Wise Ave Dundalk, MD 21222
    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

    We can help!
    Listing Contact
    Matthew Smoot
    Matthew Smoot
    Real Estate License ID: 621140
    (410) 914-4100 (443) 504-8930
    Learn more
    Google sign-in failed. Please try again or use another login method.