Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    700-712 Merritt Blvd Dundalk, MD 21222

    • Lifestyle centers
    • 2,640 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 700-712 Merritt Blvd

    Property size
    2,640 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dundalk
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.5063
    Latitude
    39.2882

    Comparable in this City

    • Value Estimation
      $4,795,000
      36,195 SF

      7820 Wise Ave

      MINI-MALL • 36,195 SF
      7820 Wise Ave, Baltimore, MD 21222
      View Details
    • Value Estimation
      $905,000
      15,531 SF

      1707 Poplar Pl

      SHOPPING CENTER, STRIP CENTER • 15,531 SF
      1707 Poplar Pl, Dundalk, MD 21222-3221
      View Details
    • Value Estimation by Request
      7,198 SF

      7703 Trappe Rd

      SHOPPING CENTER, STRIP CENTER • 7,198 SF
      7703 Trappe Rd, Dundalk, MD 21222-2256
      View Details
    • Value Estimation
      $1,095,000
      8,250 SF

      4009 Pt Blvd

      SHOPPING CENTER, STRIP CENTER • 8,250 SF
      4009 Pt Blvd, Baltimore, MD 21222
      View Details
    • Value Estimation by Request
      9,765 SF

      3209 Pt Rd

      SHOPPING CENTER, STRIP CENTER • 9,765 SF
      3209 Pt Rd, Baltimore, MD 21222-2606
      View Details
    • Value Estimation
      $6,780,000
      72,052 SF

      2301 Pt Blvd

      SHOPPING CENTER, STRIP CENTER • 72,052 SF
      2301 Pt Blvd, Baltimore, MD 21222-1623
      View Details

    Similar Nearby for Sale

    • $1,700,000
      9,792 SF

      Dundalk Retail Property - Huge Potential

      Prime Dundalk location, multi-use building, high visibility.
      7201 Sollers Point Rd, Dundalk, MD 21222
      View Details
    • $100,000
      2,926 SF

      Prime Retail Space, Dundalk, MD

      High-traffic location, excellent visibility, investment opportunity.
      6711 Holabird Ave, Baltimore, MD 21222
      View Details
    • Contact for pricing

      Retail Space Available in Dundalk

      Retail property with 12,251 SF available and shared parking.
      1503 Merritt Blvd, Dundalk, MD 21222
      View Details
    • $2,850,000

      Retail Property Near Inner Harbor

      Retail property suitable for strip center, wholesale, or car dealer.
      2825 Point Rd N, Dundalk, MD 21222
      View Details
    • $950,000
      0.36 Acres

      Turn-Key Restaurant and Lounge

      Fully equipped restaurant and lounge in Dundalk, Maryland for sale.
      7100 Sollers Point Rd, Dundalk, MD 21222
      View Details
    • $645,000
      2,016 SF

      Auto Facility on North Point

      Auto facility with high visibility and signage available for sale.
      3801 N Point Blvd, Dundalk, MD 21222
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      27,350 SF

      Dundalk Retail Space Available

      Retail spaces available off I-695 in Dundalk, Maryland.
      2301-2315 N Point Blvd, Dundalk, MD 21222
      View Details
    • Contact for pricing
      1,800 SF

      Restaurant Space in Dundalk, MD

      2,000 SF restaurant space available for lease.
      1115 Merritt Blvd, Dundalk, MD 21222
      View Details
    • Contact for pricing
      1,503 SF

      Remodeled Shopping Center Retail Space

      Remodeled shopping center with restaurants, retail, and community services.
      1730 Merritt Blvd, Dundalk, MD 21222
      View Details
    • Contact for pricing
      1,600 SF

      Remodeled Retail Space in Dundalk

      Remodeled shopping center with retail, restaurants, and community services.
      1792-1796 Merritt Blvd, Dundalk, MD 21222
      View Details
    • Contact for pricing
      5,054 SF

      Remodeled Retail Space in Dundalk

      Remodeled shopping center with retail, restaurants, and community services.
      1732-1790 Merritt Blvd, Dundalk, MD 21222
      View Details
    • Contact for pricing
      2,735 SF

      Retail Space in Dundalk Center

      Retail space for lease in a busy shopping center.
      7816-7848 Wise Ave, Dundalk, MD 21222
      View Details
    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.
    700-712 Merritt Blvd
    Dundalk, MD 21222
    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.