Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail Space Available Title is generated by Realmo AI

    1503-1559 Merritt Boulevard, Dundalk, MD 21222

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    High-visibility shopping center with diverse neighboring businesses.

    Type:Retail
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 4:54 am

    Property Features for 1503-1559 Merritt Boulevard

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Chris Walsh
    Chris Walsh

    Listing agent Chris Walsh

    Listing office MacKenzie Commercial Real Estate - Corporate

    Listing date Apr 3, 2026

    Source Mackenziecommercial

    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 MacKenzie Commercial Real Estate - Corporate

    HighLights

    • High‑visibility location on Merritt Boulevard with 39,172 cars per day
    • Prime retail space in a busy shopping center
    • Diverse customer base due to mix of neighboring businesses (PetSmart, Pep Boys, GameStop, IHOP, AT&T, Best Buffet, Pizza Hut, Bank of America)
    • Multiple access points for convenient customer entry
    • Pylon signage options for increased visibility
    • Recently upgraded facades

    Overview

    Danville Square provides retail space for lease in a shopping center located along Merritt Boulevard, which experiences a daily traffic volume of 39,172 vehicles. The property offers multiple access points and options for pylon signage. The facades have been recently upgraded. Neighboring businesses include PetSmart, Pep Boys, GameStop, IHOP, AT&T, Best Buffet, Pizza Hut, and Bank of America.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Lynch Manor Shopping Center — 7822 Wise Ave, Dundalk, MD 21222
    • Dundalk PLaza — 1408 Merritt Blvd, Dundalk, MD 21222
    • Danville Square Shopping Center — 1407 Merritt Blvd, Dundalk, MD 21222
    • Coinstar Kiosk — giant landover, 1400 merritt blvd, dundalk, md 21222
    • LibertyX Bitcoin Cashier — 7819 Wise Ave, Dundalk, MD 21222

    Location Insight

    • Map
    • Local Demand
    City
    Dundalk
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.5021042
    Latitude
    39.2752124

    Nearby Similar for Lease

    • $2,500/Mo

      Dundalk Commercial Space For Lease

      High-visibility commercial space in Dundalk, suitable for various businesses.
      7917 WISE Avenue, DUNDALK, MD 21222
      View Details
    • $900/Mo
      670 SF

      Renovated Office Space on Wise

      Renovated office space with high visibility and ample parking.
      7827 WISE Avenue, DUNDALK, MD 21222
      View Details
    • $1,850/Mo

      Main-Level Office Suite For Rent

      Well-appointed office suite with kitchen, conference area, and parking.
      7100 GERMAN HILL Rd B, Dundalk, MD 21222
      View Details
    • $4,800/Mo
      4,200 SF

      Auto Repair/Contractor Facility For Rent

      4,200 SF auto repair/contractor facility with storage yard.
      7102 German Hill Rd, DUNDALK, MD 21222
      View Details
    • $3,500/Mo

      Dundalk Commercial Space For Lease

      High-visibility commercial space on Wise Ave, Dundalk. Flexible zoning.
      7917 Wise Ave, DUNDALK, MD 21222
      View Details
    • Contact for pricing
      76,000 SF

      Anchored Shopping Center Retail Space

      Retail spaces available in anchored shopping center.
      7816-7848 Wise Avenue, Dundalk, MD 21222
      View Details
    • Contact for pricing
      1,500 SF

      Industrial Space with Ample Parking

      Industrial space for lease near major highways with ample parking.
      1113 North Point Rd, Dundalk, MD 21222
      View Details
    • Contact for pricing
      1,454 SF

      Dundalk Professional Center Office Suites

      Office suites available in a six-story building near major highways.
      40 S. Dundalk Avenue, Dundalk, MD 21222
      View Details
    • Contact for pricing

      Dundalk Industrial Leasing Opportunity

      Industrial spaces with dock-high and drive-in loading near I-695.
      3970-3994 North Point Road, Dundalk, MD 21222
      View Details
    • $1,700/Mo
      1,200 SF

      Retail Space Near Merritt Boulevard

      Retail space for lease near Dundalk's retail corridor.
      7444 Holabird Ave, Dundalk, MD
      View Details
    • $18 SF/Yr
      14,000 SF

      Dundalk Office Space Available

      Office space for lease in Dundalk, Maryland.
      7400 Holabird Ave, Dundalk, MD
      View Details
    • $2,200/Mo
      2,000 SF

      Renovated Office Building on Wise

      Renovated office building with high visibility and ample parking.
      7827 WISE Avenue, DUNDALK, MD 21222
      View Details

    FAQs

    What type of property is this?
    Shopping center - High-visibility shopping center with diverse neighboring businesses.
    Where is this shopping center located?
    The property is located at 1503-1559 Merritt Boulevard Dundalk, MD.
    What are key features of this property?
    This property features: High‑visibility location on Merritt Boulevard with 39,172 cars per day; Prime retail space in a busy shopping center; Diverse customer base due to mix of neighboring businesses (PetSmart, Pep Boys, GameStop, IHOP, AT&T, Best Buffet, Pizza Hut, Bank of America)
    (410) 494-4857
    We can help!
    Listing Contact
    Chris Walsh
    Chris Walsh
    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
    1503-1559 Merritt Boulevard, Dundalk, MD 21222
    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!