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    2010 Eastern Blvd Middle River, MD 21220

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    For Sale
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    Fenced repair shop on corner lot in Baltimore County.

    Type:Retail
    Property size:
    3,500 SF
    Lot size:
    0.33 Acres
    Added:
    Feb 9, 2021
    Days on Market:
    1882
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 2010 Eastern Blvd

    General Information

    Standard status
    Active
    Size
    3,500 SF
    Lot size
    0.33 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Alex Simone

    Listing agent Alex Simone License #MD 674771

    Listing office Gold and Company, LLC.

    Listing date Feb 9, 2021

    Source Crexi

    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 Gold and Company, LLC.

    Overview

    Auto Repair Shop For Sale

    This repair shop is available for sale and features a fenced, secure yard in a Baltimore County location. Situated on a 1/3 acre corner lot, the property benefits from a daily traffic count of 37,000. It is zoned BL-AS, Business Local, Automotive Service, and includes 3 curb cuts, making it potentially suitable for a drive-thru conversion. The property consists of 2 separate warehouses plus an office. Both warehouses are fully insulated and equipped with water bibs. There are 3 automotive bays at the front and 1 oversized bay at the rear. The rear door is electric and insulated, and the rear warehouse has a separate entrance. The front warehouse offers crane service. New oil furnaces and oil tanks have been installed. A 30-year rubber roof was installed in 2014. The gate has 20' and 15' cantilever openings on Eastern Blvd. All new low energy lighting was installed in 2019, and the property is wired for 220 electric. It was freshly painted in 2020. The property size is 3,500 square feet.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

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

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

    Similar Places Nearby

    • Tony Mechanic — 1627 Eastern Blvd, Essex, MD 21221
    • ABSOLUTE TINT & WRAPS — 223 Stemmers Run Rd, Essex, MD 21221
    • Ron's Towing & Service Inc. — 1726 Eastern Blvd, Essex, MD 21221
    • Done Rite Towing & recovery — 1723 langley rd, essex, md 21221
    • M & G Auto Services — 1726 Eastern Blvd, Essex, MD 21221

    Location Insight

    • Map
    • Local Demand
    City
    Middle River
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.3996
    Latitude
    39.3459

    Nearby Similar for Sale

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      11,790 SF

      Middle River Warehouse with Office

      11,790 SF warehouse with office and drive-in doors.
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      3,500 SF

      Auto Repair Shop with Yard

      3,500 SF auto repair shop with fenced yard.
      2010 Eastern Blvd, Middle River, MD
      View Details

    FAQs

    What type of property is this?
    Auto shop - Fenced repair shop on corner lot in Baltimore County.
    Where is this auto shop located?
    The property is located at 2010 Eastern Blvd Middle River, MD.
    What are key features of this property?
    This property features: 1/3 acre corner lot in Baltimore County location with high daily traffic count (37,000); Zoned BL‑AS, Business Local, Automotive Service, suitable for repair shop or drive‑thru conversion (3 curb cuts); Two separate warehouses + office with **3 automotive bays up front and 1 oversized bay in the rear**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alex Simone
    Real Estate License ID: MD 674771
    Learn More
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    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
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