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Property profile & analytics

1919 Hanover Pike Hampstead, MD 21074-1323

  • Retail space
  • 1,920 SF
  • 1.07 lot acres
OFF-MARKET
Last Sale
Jan 29, 2020
$279,000
Value Estimations
$280,000
Show details
Cap Rate Potential
10%
Retail space
Location Intelligence
Property ID
US40-1265977
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Retail space

Property Details for 1919 Hanover Pike

Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.07 lot acres
Property size
1,920 SF
Zone code
C-2
Property type
Retail space
APN
08-007055
APU
8007055

Description

This exceptional Hampstead, MD commercial property presents a unique investment opportunity. The offering includes a thriving auto dealership and repair shop, housed within two substantial buildings situated on a 1.07-acre lot. The main building, recently renovated, boasts over 2,400 square feet of versatile space. This includes a spacious client area, a dedicated employee lounge and kitchenette, a two-car garage fully equipped with lifts, compressors, and tire machines, plus ample parts storage. A finished basement provides additional storage. A second building, constructed approximately four years ago, offers approximately 2,400 square feet of space, featuring four large commercial bays with 12-foot ceilings, overhead doors, LED lighting, and efficient heating. Both buildings benefit from a comprehensive security system with perimeter cameras and a privacy fence. The expansive lot accommodates approximately 50 cars in the front and over 100 in the fenced backyard. The property's C-zoning allows for continued operation of the existing auto business or a complete transformation into various ventures, including retail, restaurant, or even a gas station. The total square footage is 2,560 square feet. A tow truck is also available for purchase, offering potential for additional income streams. This turnkey operation presents a rare chance to acquire a profitable business and a substantial commercial property in a prime location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $270,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $455,000
    6.5%
    $420,000
    7%
    $390,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $195,000
    Market price range: $47.8k - $280k
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $400,000
    Current use
    AUTO REPAIR, GARAGE
    $335,000
    Change: -16% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Hampstead
County
Carroll
State
Maryland
Longitude
-76.8597
Latitude
39.6266
CBSA code
12580
CBSA name
BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,487
$0.00
$0.00
$308,600
-
$232,800
$134,200
$367,000
More about this property
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