Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7118 Ritchie Highway Glen Burnie, MD 21060

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $11,900 /Mo

    Auto dealership space with showroom and parking in Glen Burnie.

    Added:
    Nov 21, 2025
    Days on Market:
    134
    Last Refresh:
    Apr 1 at 8:46 pm

    Property Features for 7118 Ritchie Highway

    General Information

    Standard status
    Active

    Spaces For Lease

    at 7118 Ritchie Highway Contact us

    We can help!

    Listing Contact
    Scott Douglas
    Scott Douglas

    Listing agent Scott Douglas License #MD 580592

    Listing office Douglas Commercial

    Listing date Nov 21, 2025

    Source Douglascommercial

    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 Douglas Commercial

    Overview

    Glen Burnie Auto Dealership Space

    This Glen Burnie property, available for sublease through 1/31/2022, is situated in the heart of the auto dealership area. The property features over 85 parking spaces, a showroom, and a car detailing shed. The location benefits from a traffic volume of 37,421 cars daily. It is suitable for automotive retail purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Enterprise Car Sales Car Dealership

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Enterprise Rent-A-Car — 500 Crain Hwy N, Glen Burnie, MD 21061
    • U-Haul Neighborhood Dealer — 7408 Baltimore Annapolis Blvd, Glen Burnie, MD 21061
    • Penske Truck Rental — 7237 Ritchie Hwy, Glen Burnie, MD 21061
    • Brown's Honda City Parts — 712 Crain Hwy N, Glen Burnie, MD 21061
    • Enterprise Truck Rental — 500 Crain Hwy N, Glen Burnie, MD 21061

    Location Insight

    • Map
    • Local Demand
    City
    Glen Burnie
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6152
    Latitude
    39.1805

    Nearby Similar for Lease

    • Contact for pricing

      Turnkey Medical Office Condo

      Shared medical office space in Glen Burnie, MD.
      325 HOSPITAL Drive unit: 209St, GLEN BURNIE, MD 21061
      View Details
    • Contact for pricing

      Commercial Space in Glen Burnie

      Negotiable commercial space suitable for various uses in Glen Burnie.
      208 CRAIN Highway, GLEN BURNIE, MD 21061
      View Details
    • Contact for pricing

      Move-in Ready Glen Burnie Office

      Open office space with natural light in Glen Burnie.
      308 CRAIN Highway N, GLEN BURNIE, MD 21061
      View Details
    • Contact for pricing

      Medical/Dental Office Space Available

      Negotiable medical/dental office space for lease.
      208 CRAIN Hwy, Glen Burnie, MD 21061
      View Details
    • $20/mo

      Glen Burnie Office Space Available

      Office space for lease near BWI and Northrop Grumman.
      898 AIRPORT PARK Road unit: 208, GLEN BURNIE, MD 21061
      View Details
    • $20/mo

      Glen Burnie Office Space For Rent

      Office space near BWI and Northrop Grumman. Utilities included.
      898 AIRPORT PARK Road unit: 206C, GLEN BURNIE, MD 21061
      View Details
    • $20/mo

      Glen Burnie Office Space Available

      Office space for lease near BWI and Northrop Grumman.
      898 AIRPORT PARK Road unit: 210, GLEN BURNIE, MD 21061
      View Details
    • $20/mo

      Glen Burnie Office Space Available

      Office space for lease near BWI and Northrop Grumman.
      898 AIRPORT PARK Road unit: 203, GLEN BURNIE, MD 21061
      View Details
    • $20/mo

      Glen Burnie Office Space For Rent

      Office space near BWI and Northrop Grumman. Utilities included.
      898 AIRPORT PARK Road unit: 206B, GLEN BURNIE, MD 21061
      View Details
    • $20/mo

      Glen Burnie Office Space For Rent

      Office space near BWI and Northrop Grumman. Utilities included.
      898 AIRPORT PARK Road unit: 204, GLEN BURNIE, MD 21061
      View Details
    • $12/mo

      Industrial Retail/Warehouse Space Available

      2000 SF industrial retail/warehouse space off Furnace Branch Rd.
      7150 E Furnace Branch Rd, Glen Burnie, MD 21060
      View Details
    • Contact for pricing

      Office Space in Glen Burnie

      Office space with shared amenities, accessible to shopping and highways.
      1412 CRAIN Highway N unit: 8B, GLEN BURNIE, MD 21061
      View Details

    FAQs

    What type of property is this?
    Automotive property - Auto dealership space with showroom and parking in Glen Burnie.
    Where is this automotive property located?
    The property is located at 7118 Ritchie Highway Glen Burnie, MD.
    What is the lease rate?
    The lease rate is $11,900 /Mo.
    What are key features of this property?
    This property features: Prime Location: Heart of Auto Dealerships in Glen Burnie MD; High Traffic Volume: 37,421 Cars Daily; 85+ Parking Spaces Available
    (301) 655-8253
    We can help!
    Listing Contact
    Scott Douglas
    Scott Douglas
    Real Estate License ID: MD 580592
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!