Automotive Repair Facility For
For Sale
$975,000
4010 Southwestern Blvd, Baltimore, MD 21229
Freestanding 4,200 SF automotive repair facility in Baltimore, MD.
Property Size4,200 SF
Lot Size0.45 Acres
Price / SF$232.14
Days on Market168
Property Features for 4010 Southwestern Blvd
General Information
Standard status
Active
Size
4,200 SF
Lot size
0.45 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,229
Building Details
Year Built
1952
Listing Agency:
TRIPLE NET INVESTMENT GROUP LLC
(202) 361-3050
Listed By:
ROBERT GAMZEH
Source:
Corcoran
Added: Feb 25
Changed: Aug 8
Last Checked: Aug 8 at 1:53PM
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 TRIPLE NET INVESTMENT GROUP LLC
Investment Insights
Based on property information with market context.
Located in the Arbutus/Catonsville submarket of southwest Baltimore, the property at 4010 Southwestern Blvd, Baltimore, MD 21229, is a commercial real estate investment opportunity. The freestanding building is approximately 4,200 square feet and configured with eight drive-in service bays, office and reception space, a customer waiting area, restrooms, storage, and paved on-site parking. The property has been owner-operated for many years and is well maintained, allowing for immediate continued use as a full-service automotive repair facility, tire center, inspection station, or related automotive service operation.
Key Highlights
- Freestanding ±4200 sq ft commercial building.
- Configured with eight (8) drive‑in service bays.
- Well‑maintained property suitable for immediate continued use.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,538
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$990,760
$990.8K
Cap Rate 7%
$707,686
$707.7K
Cap Rate 9%
$550,422
$550.4K
Market Conditions
NOI Build-Up for 4,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$75.6K $18.00/SF
− Vacancy
−$4.8K −$1.15/SF
EGI
$70.8K $16.85/SF
− OpEx
−$21.2K −$5.05/SF
NOI
$49.5K $11.79/SF
Area
ZIP 21229
Vacancy
6.39%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$990,760
Cap Rate 7%
$707,686
Cap Rate 9%
$550,422
Alternative Uses
Best Use
Retail
$707.7K
$619.2K – $825.6K
NOI $49,538 @ 7.0% cap · market cap 5.08%
Second Best
Industrial
$331.3K
$289.9K – $386.5K
NOI $23,190 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$1.00M
$876.2K – $1.17M
NOI $70,092 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21229, MD
43,464
Population
20,653
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
89%
High-School Grad
5.9 sq mi
ZIP Area
7,367
Density / Sq Mi
$55,457
Median Household Income
$40,627
Median Earnings
$1,210
Median Rent
$184,900
Median Home Value
Market
Vacancy Rate% for Retail in Baltimore, MD
Questions? Ask Rey
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Similar Off Market Nearby
- Houck's Service Center — 4607 Leeds Ave, Baltimore, MD 21229
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- Ridgeway Towing LLC — 4811 Leeds Ave suite f, Baltimore, MD 21227
- ABS Towing & roadside service — 1065 Maiden Choice Ln, Baltimore, MD 21229
- Arbutus Auto Body — 4621 Leeds Ave, Baltimore, MD 21229
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding 4,200 SF automotive repair facility in Baltimore, MD.
Where is this auto shop located?
The property is located at 4010 Southwestern Blvd Baltimore, MD.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Freestanding ±4200 sq ft commercial building.; Configured with eight (8) drive‑in service bays.; Well‑maintained property suitable for immediate continued use.
