Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    Hale St Odenton, MD 21113

    Sponsored
    For Sale
    $2,100,000

    Prime 15-Acre Commercial Land Parcel in Odenton, MD

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional 15-acre commercial land parcel presents a remarkable investment opportunity in the thriving Odenton Town Center. Strategically located off Route 175 in Anne Arundel County, Maryland, this property is zoned OCOR, offering diverse development potential. The site is divided into two key parcels: a 3.6-acre parcel (with approximately 1.5+ usable acres) and an 11.2-acre parcel (with approximately 3+ usable acres). Its prime location provides easy access to a wealth of amenities, including nearby shopping centers, restaurants, and parks, ensuring high visibility and convenient access for future tenants or residents. The property's proximity to the Odenton MARC station further enhances its appeal, providing convenient commuter access. This high-traffic area benefits from a strong, growing market, making it an ideal location for a variety of commercial developments. Potential uses include hotels, residential buildings, daycare centers, or office spaces, catering to the area's increasing demand. The property's adjacency to a 322-unit apartment complex adds to its desirability, creating a built-in customer base and synergistic development opportunities. The asking price for this exceptional property is $2,100,000. The address is Hale St, Odenton, MD 21113.

    Property Features for 0 Hale St

    General Information

    Property type
    Land
    Lot Size
    653,400 SF

    HighLights

    • O‑COR zoning allows for flexible commercial development.
    • 322‑unit apartment complex provides immediate high‑density residential proximity.
    • Excellent access to retail, dining, and recreational amenities.
    • Convenient proximity to Odenton MARC train station.
    • Located in a rapidly expanding market.
    • High‑traffic location ideal for commercial ventures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odenton
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.7096125
    Latitude
    39.0917058

    Nearby Similar for Sale

    • $429,999
      2,360 SF

      End-Unit Townhome in Seven Oaks

      Turnkey townhome with modern updates, finished basement, and community amenities.
      299 Saint Michaels Cir, Odenton, MD 21113
      View Details
    • $465,000
      1,377 SF

      Updated Condo Near Waugh Chapel

      One-level condo with upgrades, private garage, and convenient location.
      1206 Topaz Ct, Odenton, MD 21113
      View Details
    • $400,000

      Piney Orchard Townhome with Finished Basement

      Brick front townhome in Piney Orchard with walkout basement.
      2407 Warm Spring Way, Odenton, MD 21113
      View Details
    • $270,000

      Updated Condo with Open Layout

      Updated 2-bedroom, 1-bathroom condo in a well-maintained community.
      604 Rolling Hill Walk, Odenton, MD 21113
      View Details
    • $325,000

      Spacious Condo with Modern Amenities

      Inviting 2-bedroom condo with den, modern amenities, convenient location.
      2502 Amber Orchard Ct W 104, Odenton, MD 21113
      View Details
    • $144,900

      Spacious Double Wide Mobile Home

      Updated mobile home with modern amenities in a desirable location.
      490 N Patuxent Rd, Odenton, MD 21113
      View Details
    • $739,900

      Odenton 55+ Community Rambler

      Rambler in a sought-after 55+ community with resort-style amenities.
      3148 Sunny Rdg Dr, Odenton, MD 21113
      View Details
    • $127,900

      Updated Home in Arundel Village

      Well-maintained 3BR, 2BA home in convenient Odenton location.
      488 N Patuxent 19A, Odenton, MD 21113
      View Details
    • $409,900
      1,430 SF

      Updated Townhome in Piney Orchard

      Move-in ready townhome with updated features and community amenities.
      8739 Bright Meadow Ct, Odenton, MD 21113
      View Details
    • $279,900
      1,013 SF

      Ground Level Condo in Odenton

      Handicap accessible condo with updated features and convenient location.
      696 Winding Stream Way, Odenton, MD 21113
      View Details
    • $450,000

      Three-Level Townhome Near Waugh Chapel

      Three-bedroom townhome with updated features and convenient location.
      2723 Piscataway Run Dr, Odenton, MD 21113
      View Details
    • $609,000

      BUNKER HILL Lane Property

      Property on BUNKER HILL Ln, Odenton, MD for sale.
      110 Bunker Hill Ln, Odenton, MD 21113
      View Details

    FAQs

    What type of property is this?
    Land - Prime 15-Acre Commercial Land Parcel in Odenton, MD
    Where is this land located?
    The property is located at Hale St Odenton, MD.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: O-COR zoning allows for flexible commercial development.; 322-unit apartment complex provides immediate high-density residential proximity.; Excellent access to retail, dining, and recreational amenities.
    Request Owner's contact information
    Hale St Odenton, MD 21113
    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.
    Hale St
    Odenton, MD 21113
    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
    Hale St Odenton, MD 21113
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.