1811 EDGEWOOD ROAD, Edgewood, MD 21040

Building Details

Year Built 1988 More

Listing Agency: Ghimire Homes k***@ghimirehomes.com Show Phone

Listed By: Ramesh Bhatta · License #678977 Show Phone

Source: Cummingsrealtors

Added: Nov 6 Changed: Nov 9 Last Checked: Nov 9 at 2:00AM

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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 Ghimire Homes

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Investment Insights

Based on property information with market context.

This 1988-built auto shop has three service bays. The premises previously operated as a Maryland State Inspection location, and the source information identifies automotive repair as a potential use.

Located at 1811 Edgewood Road in Edgewood, Maryland, the property is presented as an automotive service space. Any proposed use remains subject to applicable approvals and requirements.

Key Highlights

• Three service bays for automotive work
• Built in 1988
• Previously operated as a Maryland State Inspection location

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,487

Suggested Prices Based on Cap Rates

Cap Rate 5%

$289,740 $289.7K

Cap Rate 7%

$206,957 $207.0K

Cap Rate 9%

$160,967 $161.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,383 SF

Gross rent

$21.4K $9.00/SF

− Vacancy

−$751 −$0.32/SF

EGI

$20.7K $8.69/SF

− OpEx

−$6.2K −$2.61/SF

NOI

$14.5K $6.08/SF

Area

Harford County, MD

Vacancy

3.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$289,740

Cap Rate 7%

$206,957

Cap Rate 9%

$160,967

Alternative Uses

Best Use

Retail

$481.8K

$421.6K – $562.2K (±1% cap)

NOI $33,729 @ 7.0% cap · market cap 843.23%

Second Best

Industrial

$207.0K

$181.1K – $241.5K (±1% cap)

NOI $14,487 @ 7.0% cap · market cap 362.18%

Theoretical Best

Office A

$838.5K

$733.7K – $978.2K (±1% cap)

NOI $58,694 @ 7.0% cap · market cap 1,467.35%

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

Hunt brothers pizza Restaurant Edgewood Sunoco Gas Station True Garage Doors ... Corporate Office LibertyX Bitcoin ATM Atm Sunoco Gas Station Gas Station

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center Auto Repair Shop Furniture & Home Goods

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

3

Service bays

Location Intelligence

Trade Area within ½ mile

295

Businesses Nearby

84k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 55% Dining 31% Hotels & Casinos 14%

Royal Farms Shops & Services

32,122 visits/mo 0.4 miles

Dunkin' Donuts Dining

12,099 visits/mo 0.2 miles

Exxon Shops & Services

12,091 visits/mo 0.2 miles

Denny's Dining

7,682 visits/mo 0.1 miles

Waffle House Dining

6,184 visits/mo 0.2 miles

Demographics for 21040, MD

25,138

Population

10,211

Households

2.5

Avg Household Size

35

Median Age

23%

College-Educated

94%

High-School Grad

9.8 sq mi

ZIP Area

2,565

Density / Sq Mi

$86,925

Median Household Income

$48,528

Median Earnings

$1,420

Median Rent

$231,100

Median Home Value

Market

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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Similar Off Market Nearby

• Mid Atlantic RV Services — 2706 Pulaski Hwy, Edgewood, MD 21040
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• Instant Auto Sales and Services — 2201 Philadelphia Rd, Edgewood, MD 21040
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Frequently Asked Questions

What type of property is this?

Auto shop - The shop is configured for automotive service and was previously used as a Maryland State Inspection location.

Where is this auto shop located?

The property is located at 1811 EDGEWOOD ROAD Edgewood, MD.

What are key features of this property?

This property features: Three service bays for automotive work; Built in 1988; Previously operated as a Maryland State Inspection location