7423 Ritchie Hwy, Glen Burnie, MD
Retail space with auto shop, showroom, and six bays.
- Added:
- Sep 15, 2023
- Days on Market:
- 1005
- Last Refresh:
- May 20 at 9:43 pm
Property Features for 7423 Ritchie Hwy
General Information
- Standard status
- Active
- Size
- 5,332 SF
- Lot size
- 0.41 Acres
- Property subtype
- RETAIL
Listing agent Rene Daniel (410) 435-4004
Listing office Trout Daniel & Associates (410) 435-4004
Listing date Sep 15, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Trout Daniel & Associates
HighLights
- High‑visibility location on Gov. Ritchie Highway (Rt. 2) in Glen Burnie's retail district
- Currently leased as an AAMCO shop, providing immediate income
- Six (6) service bays, ideal for automotive‑related business
- Large retail showroom in addition to the service bays
- Zoned C‑3 with grandfathered auto‑related use
- Abundant parking available
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.2k | $21.60 |
| − Vacancy | −$7.4k | −$1.38 |
| EGI | $107.8k | $20.22 |
| − OpEx | −$32.3k | −$6.07 |
| NOI | $75.5k | $14.15 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Citgo — 501 Crain Hwy, Glen Burnie, MD 21061
- Glen Burnie Xtreme Auto Repair — 101 5th Ave SE, Glen Burnie, MD 21061
- Gore New and Used Tires — 500 Crain Hwy S, Glen Burnie, MD 21061
- Jose's New & Used Tires LLC — 802 Crain Hwy S, Glen Burnie, MD 21061
- Main Ave Car Care — 11 Main Ave SW, Glen Burnie, MD 21061
Location Insight
- Map
- Local Demand
- City
- Glen Burnie
- County
- Anne Arundel
- State
- Maryland
- Longitude
- -76.6219
- Latitude
- 39.1643
