Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Available on Ritchie Highway Title is generated by Realmo AI

    7911 Ritchie Hwy, Glen Burnie, MD 21061

    View on Map
    Claim this Listing
    For Sale
    $899,900

    Land for sale at 7911 Ritchie Highway, Glen Burnie.

    Type:Land
    Added:
    Apr 1, 2025
    Days on Market:
    431
    Last Refresh:
    Mar 16 at 8:22 am

    Property Features for 7911 Ritchie Hwy

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Gayle Anne Roberts

    Listing agent Gayle Anne Roberts License #531583

    Listing office Home Selling Assistance Experts, Inc.

    Listing date Apr 1, 2025

    Source Evrealestate

    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 Home Selling Assistance Experts, Inc.

    HighLights

    • Address: 7911 Ritchie Highway
    • Located in ANNE ARUNDEL County/Parish
    • Property Details: See Description
    • Directions: 7911 Ritchie Highway
    • Additional Property Details: See Description
    • Located in ANNE ARUNDEL CountyOrParish

    Overview

    The property is located at 7911 Ritchie Highway in Glen Burnie, Anne Arundel County, Maryland. The property is classified as land and other land and is available for sale.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

    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
    -76.6009062
    Latitude
    39.139511

    Nearby Similar for Sale

    • $594,900
      2,800 SF

      Remodeled Residential Income Property with ADU

      Extensively remodeled home with a separate-entry ADU, offering two distinct living units and a fenced yard.
      96 PACKARD Avenue, 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
    • $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
    • $430,000
      1,088 SF

      Glen Burnie Multifamily Property

      Rehabbed duplex near light rail with income potential.
      104 NEW JERSEY Avenue NW, GLEN BURNIE, MD 21061
      View Details
    • $390,000

      Twin Duplex with Private Parking

      Two independent units with separate utility meters and private parking on a corner lot in Glen Burnie.
      412 BROADVIEW BLVD N, 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
    • $135,000

      Creek-View Waterfront Building Lot

      Build in a wooded setting with creek views and a private, no-thru-street feel near local amenities.
      838 NABBS CREEK Road, GLEN BURNIE, MD 21060
      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
    • $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
    • $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

    FAQs

    What type of property is this?
    Land - Land for sale at 7911 Ritchie Highway, Glen Burnie.
    Where is this land located?
    The property is located at 7911 Ritchie Hwy Glen Burnie, MD.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: Address: **7911 Ritchie Highway**; Located in **ANNE ARUNDEL** County/Parish; Property Details: See Description
    (410) 647-8506
    We can help!
    Listing Contact
    Gayle Anne Roberts
    Real Estate License ID: 531583
    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
    7911 Ritchie Hwy, Glen Burnie, MD 21061
    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!