Turnkey Auto Body Shop
For Sale
Contact for pricing
309 EASTERN BOULEVARD, Essex, MD 21221
Turnkey auto body shop includes a fully operational paint booth and front and rear parking for vehicle access.
Property Size3,600 SF
Price / SF$1.25
Days on Market102
Property Features for 309 EASTERN BOULEVARD
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Commercial
Building Details
Year Built
1980
Listing Agency:
Rise Real Estate, LLC
(202) 556-9721
Listed By:
Anjanie Deonauth · License #682204
(301) 202-7473
Source:
Cummingsrealtors
Added: Jul 20
Changed: Oct 29
Last Checked: Oct 28 at 8:19AM
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 Rise Real Estate, LLC
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Investment Insights
Based on property information with market context.
This turnkey commercial auto body shop space is set up for automotive paint and collision repair, including a fully operational paint booth. The layout is described as functional and ready for immediate business use.
The property is positioned for visibility along Eastern Boulevard in Essex. Convenient parking is available both in the front and rear of the building, supporting easy access for customers, employees, and vehicle storage.
Additional lease terms noted include a requirement for a 2-month security deposit.
The property is positioned for visibility along Eastern Boulevard in Essex. Convenient parking is available both in the front and rear of the building, supporting easy access for customers, employees, and vehicle storage.
Additional lease terms noted include a requirement for a 2-month security deposit.
Key Highlights
- Turnkey auto body shop lease with fully operational paint booth for collision repair, painting, and restoration use
- Includes front and rear parking for customer access and vehicle storage
- High‑visibility Essex location on Eastern Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,510
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,200
$570.2K
Cap Rate 7%
$407,286
$407.3K
Cap Rate 9%
$316,778
$316.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$43.6K $12.10/SF
− Vacancy
−$2.8K −$0.79/SF
EGI
$40.7K $11.31/SF
− OpEx
−$12.2K −$3.39/SF
NOI
$28.5K $7.92/SF
Area
Baltimore County, MD
Vacancy
6.50%
Lease Rate
$12.10 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,200
Cap Rate 7%
$407,286
Cap Rate 9%
$316,778
Alternative Uses
Best Use
Retail
$727.9K
$636.9K – $849.2K
NOI $50,954 @ 7.0% cap · market cap 1,132.31%
Second Best
Industrial
$407.3K
$356.4K – $475.2K
NOI $28,510 @ 7.0% cap · market cap 633.56%
Theoretical Best
Multifamily LT 5
$34.93M
$30.56M – $40.75M
NOI $2,444,896 @ 7.0% cap · market cap 54,331.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 21221, MD
43,381
Population
18,364
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
15.0 sq mi
ZIP Area
2,892
Density / Sq Mi
$67,368
Median Household Income
$44,416
Median Earnings
$1,305
Median Rent
$266,800
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Billings Auto Repair Inc. — 810 Back River Neck Rd Suite R, Essex, MD 21221
- Rayley Road Service — 728 Back River Neck Rd, Essex, MD 21221
- FMR Road Services — 436 Back River Neck Rd, Essex, MD 21221
- Road Rangers Towing & Roadside Assitance — 1205 Middleborough Rd, Baltimore, MD 21221
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey auto body shop includes a fully operational paint booth and front and rear parking for vehicle access.
Where is this auto shop located?
The property is located at 309 EASTERN BOULEVARD Essex, MD.
What are key features of this property?
This property features: Turnkey auto body shop lease with fully operational paint booth for collision repair, painting, and restoration use; Includes front and rear parking for customer access and vehicle storage; High‑visibility Essex location on Eastern Boulevard
