Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    RITCHIE HIGHWAY Glen Burnie, MD 21060

    View on Map
    Claim this Listing
    For Sale
    $299,000

    LAND - GLEN BURNIE, MD

    Lot size:
    3.79 Acres
    Added:
    Aug 27, 2024
    Days on Market:
    619
    Last Refresh:
    May 7 at 5:06 pm

    Property Features for RITCHIE HIGHWAY

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    3.79 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1437

    We can help!

    Listing Contact
    Nugent T Nguyen

    Listing agent Nugent T Nguyen

    Listing office Westgate Realty Group, Inc. 2104 Gallows Road unit: 101, FALLS CHURCH, MD

    Listing date Aug 27, 2024

    MLS# MDAA2093044 Listing URL

    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.

    HighLights

    • Grading permit and building approval already secured.
    • Opportunity to build a mansion or single family home.
    • Located in Glen Burnie, MD 21060.
    • Lot is behind 109 Norman Ave.
    • Lot has its own shared driveway.
    • Location coordinates provided.

    Overview

    Land in Glen Burnie, MD

    This 3.79-acre land parcel is located in Glen Burnie, Maryland. A grading permit and building approval are in place, allowing for the construction of a mansion or a single-family home. The lot is situated behind 109 Norman Ave and includes a shared driveway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Glen Burnie
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6048348
    Latitude
    39.1438396

    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
    • $300,000
      3,465 SF

      Glen Burnie Duplex with Water Access

      Two-unit duplex with clubroom, water access, and ample parking.
      400 SUMMIT Avenue, GLEN BURNIE, MD 21060
      View Details
    • $440,000
      1,088 SF

      Glen Burnie Multifamily Property

      Two-unit multifamily property near light rail and BWI.
      104 NEW JERSEY Avenue NW, GLEN BURNIE, MD 21061
      View Details
    • $789,900

      Established Tattoo Studio for Sale

      Turn-key tattoo studio with real estate in prime location.
      208 N CRAIN Highway, GLEN BURNIE, MD 21061
      View Details
    • $650,000

      Glen Burnie Office Space Available

      C3 zoned property suitable for owner/user or professional office.
      402 CRAIN Hwy N, Glen Burnie, MD 21061
      View Details
    • $899,900

      Glen Burnie C-2 Opportunity Land

      Highly visible 1.43 acre C-2 land near Marley Station Mall.
      7911 RITCHIE Highway, GLEN BURNIE, MD 21061
      View Details
    • $799,000

      Glen Burnie Commercial Land Opportunity

      Commercial land with high visibility in a developing area.
      7680 BALTIMORE ANNAPOLIS Blvd, Glen Burnie, MD 21060
      View Details
    • $125,000

      Glen Burnie Land Opportunity

      0.69 acre lot suitable for single or multi-family homes.
      7343-2 GREEN ACRES Drive, GLEN BURNIE, MD 21060
      View Details
    • $125,000

      Residential Land in Glen Burnie

      Residential land for sale with garage in Glen Burnie.
      7343-1 GREEN ACRES Drive, GLEN BURNIE, MD 21060
      View Details
    • $499,900

      Commercial Opportunity in Glen Burnie

      Four-unit, tenant-occupied property with C2 zoning and off-street parking.
      404 CRAIN Hwy S, Glen Burnie, MD 21061
      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

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land with approved grading permit for construction.
    Where is this residential land & home lot located?
    The property is located at RITCHIE HIGHWAY Glen Burnie, MD.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Grading permit and building approval already secured.; Opportunity to build a mansion or single family home.; Located in Glen Burnie, MD 21060.
    (240) 463-2903
    We can help!
    Listing Contact
    Nugent T Nguyen
    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

    Thank You for Inquiry
    RITCHIE HIGHWAY, GLEN BURNIE, MD 21060
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!