Auto Shop with Retail
For Sale
$1,100,000
5620 Southwestern Blvd, Halethorpe, MD 21227
Auto service space along Southwestern Boulevard with retail-facing frontage and access to major routes.
Property Size7,680 SF
Days on Market109
Property Features for 5620 Southwestern Blvd
General Information
Standard status
Active
Size
7,680 SF
Property subtype
Retail - Street Retail
Additional Details
Road Access
Yes
Building Details
Building Size
7,680 SF
Buildings
1
Listing Agency:
Hyatt Commercial Real Estate
(410) 266-8800
Listed By:
John L. Sindler · License #516121
Source:
Commercialcafe
Added: May 14
Changed: Aug 29
Last Checked: Aug 29 at 8:35PM
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 Hyatt Commercial Real Estate
Investment Insights
Based on property information with market context.
This auto shop property at 5620 Southwestern Boulevard combines an auto service building with retail-facing frontage. The configuration supports automotive service, retail, and other service-oriented uses identified for the property, with flexible space arrangements noted in the offering details.
The property is situated in Arbutus, Maryland, within an active commercial corridor near Baltimore. Its Southwestern Boulevard location provides exposure to steady traffic and connections to major routes, while the surrounding area includes local shops, dining options, and major retailers.
The property is situated in Arbutus, Maryland, within an active commercial corridor near Baltimore. Its Southwestern Boulevard location provides exposure to steady traffic and connections to major routes, while the surrounding area includes local shops, dining options, and major retailers.
Key Highlights
- Auto service building with retail frontage
- Located at 5620 Southwestern Boulevard in Arbutus, Maryland
- Access to major routes near Baltimore
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
$60,821
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
5.53%
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%
$1,216,420
$1.2M
Cap Rate 7%
$868,871
$868.9K
Cap Rate 9%
$675,789
$675.8K
Market Conditions
NOI Build-Up for 7,680 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
$92.9K $12.10/SF
− Vacancy
−$6.0K −$0.79/SF
EGI
$86.9K $11.31/SF
− OpEx
−$26.1K −$3.39/SF
NOI
$60.8K $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 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%
$1,216,420
Cap Rate 7%
$868,871
Cap Rate 9%
$675,789
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,701 @ 7.0% cap · market cap 9.88%
Second Best
Industrial
$868.9K
$760.3K – $1.01M
NOI $60,821 @ 7.0% cap · market cap 5.53%
Theoretical Best
Multifamily LT 5
$74.51M
$65.20M – $86.93M
NOI $5,215,778 @ 7.0% cap · market cap 474.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
1k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Econo Lodge
Hotels & Casinos
1,124 visits/mo
0.5 miles
Demographics for 21227, MD
35,837
Population
14,260
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
85%
High-School Grad
11.3 sq mi
ZIP Area
3,171
Density / Sq Mi
$83,620
Median Household Income
$52,643
Median Earnings
$1,347
Median Rent
$272,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto service space along Southwestern Boulevard with retail-facing frontage and access to major routes.
Where is this auto shop located?
The property is located at 5620 Southwestern Blvd Halethorpe, MD.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Auto service building with retail frontage; Located at 5620 Southwestern Boulevard in Arbutus, Maryland; Access to major routes near Baltimore
