1668 ANNAPOLIS ROAD, Odenton, MD 21113

Building Details

Year Built 1950 More

Tenancy Multi More

Listing Agency: Realty 1 Maryland, LLC e***@gmail.com Show Phone

Listed By: Hyun J Lee · License #654652 Show Phone

Source: Cummingsrealtors

Added: Nov 2 Changed: Nov 6 Last Checked: Nov 6 at 9:27AM

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Investment Insights

Based on property information with market context.

This retail space contains 1,800 square feet and is part of a property with operating Korean restaurant, barbershop, liquor store, and bar tenants. The building dates to 1950.

The property is positioned directly in front of Fort Meade’s main gate, with pedestrian and vehicle traffic passing by. Its Annapolis Road address is 1668 Annapolis Road, Odenton, Maryland 21113.

Key Highlights

• 1,800 square feet of retail space
• Operating tenants include a Korean restaurant, barbershop, liquor store, and bar
• Located directly in front of Fort Meade’s main gate

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,477

Suggested Prices Based on Cap Rates

Cap Rate 5%

$509,540 $509.5K

Cap Rate 7%

$363,957 $364.0K

Cap Rate 9%

$283,078 $283.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$38.9K $21.60/SF

− Vacancy

−$2.5K −$1.38/SF

EGI

$36.4K $20.22/SF

− OpEx

−$10.9K −$6.07/SF

NOI

$25.5K $14.15/SF

Area

Anne Arundel County, MD

Vacancy

6.39%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$509,540

Cap Rate 7%

$363,957

Cap Rate 9%

$283,078

Alternative Uses

Best Use

Specialty Retail

$408.7K

$357.6K – $476.8K (±1% cap)

NOI $28,608 @ 7.0% cap · market cap 953.60%

Second Best

Retail

$364.0K

$318.5K – $424.6K (±1% cap)

NOI $25,477 @ 7.0% cap · market cap 849.23%

Theoretical Best

Office A

$526.5K

$460.7K – $614.3K (±1% cap)

NOI $36,858 @ 7.0% cap · market cap 1,228.60%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Rosys hair braiding Hair Salon B Gate Barber ... Barber Shop K-Manna Rice Factory Restaurant Rosy's Hair Braiding Hair Salon

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Auto Repair Shop Kitchen & Bath Showroom Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

292

Businesses Nearby

54k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 43% Groceries 38% Dining 16% Hotels & Casinos 2%

Royal Farms Shops & Services

23,493 visits/mo 0.5 miles

Weis Markets Groceries

20,856 visits/mo 0.4 miles

KFC Dining

4,974 visits/mo 0.1 miles

Pizza Boli's Dining

3,926 visits/mo 0.1 miles

Motel 6 Odenton, MD Hotels & Casinos

1,022 visits/mo 0.1 miles

Demographics for 21113, MD

35,670

Population

16,103

Households

2.2

Avg Household Size

36

Median Age

51%

College-Educated

98%

High-School Grad

15.0 sq mi

ZIP Area

2,378

Density / Sq Mi

$125,081

Median Household Income

$68,955

Median Earnings

$2,152

Median Rent

$401,900

Median Home Value

Market

Properties on Market for Retail space in Anne Arundel County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - An 1,800-square-foot space is part of a retail property with several operating businesses.

Where is this retail space located?

The property is located at 1668 ANNAPOLIS ROAD Odenton, MD.

What are key features of this property?

This property features: 1,800 square feet of retail space; Operating tenants include a Korean restaurant, barbershop, liquor store, and bar; Located directly in front of Fort Meade’s main gate