Commercial Opportunity in Glen
For Sale
$424,900
404 Crain Hwy S, Glen Burnie, MD 21061
Four-unit, tenant-occupied property with C2 zoning and off-street parking.
Property Size2,772 SF
Price / SF$153.28
Days on Market188
Property Features for 404 Crain Hwy S
General Information
Standard status
Active
Size
2,772 SF
Building Details
Year Built
1920
Listing Agency:
RE/MAX Executive
Listed By:
Allen J Stanton · License #589462
(443) 618-3572
Source:
Selltheshore
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 7 at 3:54PM
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 RE/MAX Executive
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property, zoned C2, features four tenant-occupied units, two of which operate on a month-to-month lease basis. The building includes off-street parking located at the rear. The property is located in Glen Burnie, Maryland. The walk score is 52, indicating it is somewhat walkable. The bike score is 45, indicating it is somewhat bikeable. The transit score is 34, indicating some transit options are available.
Key Highlights
- Zoned C2: Ideal for various commercial ventures
- Four Units: Provides immediate rental income potential
- Tenant Occupied: Currently generating revenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,411
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,220
$748.2K
Cap Rate 7%
$534,443
$534.4K
Cap Rate 9%
$415,678
$415.7K
Market Conditions
NOI Build-Up for 2,772 SF
Gross rent
$72.5K $26.16/SF
− Vacancy
−$4.5K −$1.62/SF
EGI
$68.0K $24.54/SF
− OpEx
−$30.6K −$11.04/SF
NOI
$37.4K $13.50/SF
Area
Anne Arundel County, MD
Vacancy
6.20%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,220
Cap Rate 7%
$534,443
Cap Rate 9%
$415,678
Alternative Uses
Best Use
Multifamily LT 5
$575.4K
$503.5K – $671.3K
NOI $40,277 @ 7.0% cap · market cap 9.48%
Second Best
Retail
$560.5K
$490.4K – $653.9K
NOI $39,234 @ 7.0% cap · market cap 9.23%
Theoretical Best
Office A
$810.9K
$709.5K – $946.0K
NOI $56,762 @ 7.0% cap · market cap 13.36%
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
Location Intelligence
Trade Area within ½ mile
1,222
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21061, MD
57,352
Population
23,196
Households
2.5
Avg Household Size
36
Median Age
26%
College-Educated
90%
High-School Grad
12.2 sq mi
ZIP Area
4,701
Density / Sq Mi
$86,081
Median Household Income
$48,429
Median Earnings
$1,661
Median Rent
$326,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Similar Off Market Nearby
- Forget Me Not Flowers & Gifts — 423 Crain Hwy S, Glen Burnie, MD 21061
Frequently Asked Questions
What type of property is this?
Storefront property - Four-unit, tenant-occupied property with C2 zoning and off-street parking.
Where is this storefront property located?
The property is located at 404 Crain Hwy S Glen Burnie, MD.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Zoned C2: Ideal for various commercial ventures; Four Units: Provides immediate rental income potential; Tenant Occupied: Currently generating revenue
