Freestanding Auto Repair
For Sale
Contact for pricing
4010 SOUTHWESTERN BLVD, Baltimore, MD 21229
Owner-occupied automotive building with eight drive-in bays, office areas, and paved parking for continuous vehicle service use.
Property Size4,190 SF
Price / SF$237.47
Days on Market62
Property Features for 4010 SOUTHWESTERN BLVD
General Information
Standard status
Active
Size
4,190 SF
Class
C
Total Parking Spaces
20
Property subtype
Retail
Investment Type
Redevelopment
Additional Details
Drive-In Doors
8
Service Bays
8
Building Details
Year Built
1952
Stories
1
Units
16
Listing Agency:
Triple Net Investment Group Inc
Listed By:
Robert Gamzeh · License #VA 0225088488
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 10 at 9:53AM
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 Inc
Investment Insights
Based on property information with market context.
This freestanding automotive repair facility is configured with eight (8) drive-in service bays, along with office and reception space, a customer waiting area, restrooms, and storage. The property also includes paved on-site parking and is described as well maintained, supporting immediate continued use for a full-service automotive operation.
The building is located at 4010 Southwestern Blvd in Baltimore, within the established Arbutus/Catonsville submarket of southwest Baltimore. The site is presented as an owner-occupied facility that has operated for many years in the same general service category.
For buyers seeking a turn-key automotive use, the layout supports in-bay service workflows paired with on-site customer handling through the reception and waiting areas. The configuration is also described as suitable for uses such as a tire center, inspection station, or related automotive service operation, while the existing office, restroom, and storage components provide the functional space typically needed to run day-to-day service activities.
The building is located at 4010 Southwestern Blvd in Baltimore, within the established Arbutus/Catonsville submarket of southwest Baltimore. The site is presented as an owner-occupied facility that has operated for many years in the same general service category.
For buyers seeking a turn-key automotive use, the layout supports in-bay service workflows paired with on-site customer handling through the reception and waiting areas. The configuration is also described as suitable for uses such as a tire center, inspection station, or related automotive service operation, while the existing office, restroom, and storage components provide the functional space typically needed to run day-to-day service activities.
Key Highlights
- Freestanding 4,200 SF owner‑occupied automotive repair facility built in 1952
- Configured with eight (8) drive‑in service bays for vehicle service operations
- Includes office and reception space plus a customer waiting area
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
$49,420
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
4.97%
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%
$988,400
$988.4K
Cap Rate 7%
$706,000
$706.0K
Cap Rate 9%
$549,111
$549.1K
Market Conditions
NOI Build-Up for 4,190 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
$75.4K $18.00/SF
− Vacancy
−$4.8K −$1.15/SF
EGI
$70.6K $16.85/SF
− OpEx
−$21.2K −$5.05/SF
NOI
$49.4K $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%
$988,400
Cap Rate 7%
$706,000
Cap Rate 9%
$549,111
Alternative Uses
Best Use
Retail
$706.0K
$617.8K – $823.7K
NOI $49,420 @ 7.0% cap · market cap 4.97%
Second Best
Industrial
$330.5K
$289.2K – $385.6K
NOI $23,134 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$998.9K
$874.1K – $1.17M
NOI $69,925 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Drive-in doors
8
Service bays
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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- Arbutus Auto Body — 4621 Leeds Ave, Baltimore, MD 21229
Frequently Asked Questions
What type of property is this?
Auto shop - Owner-occupied automotive building with eight drive-in bays, office areas, and paved parking for continuous vehicle service use.
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 $995,000.
What are key features of this property?
This property features: Freestanding 4,200 SF owner‑occupied automotive repair facility built in 1952; Configured with eight (8) drive‑in service bays for vehicle service operations; Includes office and reception space plus a customer waiting area
