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    Property profile & analytics

    7005 Security Blvd Woodlawn, MD 21244

    • Retail properties
    • 79,391 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 7005 Security Blvd

    Year built
    1986
    Property size
    79,391 SF
    Property type
    Retail properties

    Description

    Security Square Shopping Center, located at 7005 Security Blvd in Windsor Mill, MD 21244, presents a prime retail opportunity. This 79,391 square foot grocery-anchored center boasts a diverse tenant mix including national brands like Arby's, Popeyes, and America's Best Contacts & Eyewear, alongside Weis Markets as the anchor tenant. Currently, 4,000 square feet of retail space is available, ideal for a variety of businesses. Built in 1986 and renovated in 2001, the property sits on a 7.11-acre lot in Baltimore County and offers ample parking with 426 spaces. Its strategic location offers excellent accessibility via major thoroughfares Route 695 and Route 70, ensuring high visibility and convenient access for customers. The center benefits from a strong demographic profile, with over 317,000 residents within a five-mile radius, providing a substantial customer base. This well-established shopping center offers a unique opportunity to establish or expand your business within a thriving community. The property's strong tenant roster and convenient location make it an attractive investment for discerning businesses seeking a high-traffic retail space in the Baltimore metropolitan area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Woodlawn
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.753
    Latitude
    39.3126

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      7005 Security Blvd

      Lifestyle centers • 4,000 SF
      7005 Security Blvd, Woodlawn, MD 21244
      View Details
    • Value Estimation
      $10,665,000
      199,532 SF

      6901 Security Blvd

      DEPARTMENT STORE • 199,532 SF
      6901 Security Blvd, Windsor Mill, MD 21244-2412
      View Details
    • Value Estimation by Request
      72,670 SF

      Rolling Rd

      Retail properties • 72,670 SF
      0 Rolling Rd, Milford Mill, MD 21244
      View Details
    • Value Estimation
      $6,695,000
      149,861 SF

      6901 Security Blvd

      DEPARTMENT STORE • 149,861 SF
      6901 Security Blvd, Baltimore, MD 21244-2412
      View Details
    • Value Estimation
      $655,000
      15,221 SF

      Sedgemoor Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 15,221 SF
      Sedgemoor Rd, Windsor Mill, MD 21244
      View Details
    • Value Estimation
      $1,240,000
      7,440 SF

      7408 Windsor Ml Rd

      SHOPPING CENTER, STRIP CENTER • 7,440 SF
      7408 Windsor Ml Rd, Windsor Mill, MD 21244-2883
      View Details

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      Security Square Retail Center

      Woodlawn, MD Shopping Center Space Available
      7005 Security Blvd, Woodlawn, MD 21244
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      202,653 SF

      Former Sears Box for Lease

      202,653 SF former Sears box at Security Square Mall.
      6901 Security Blvd, Baltimore, MD 21244
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      79,391 SF

      Security Square Retail Center

      Woodlawn, MD Shopping Center - 4,000 SF Available
      7005 Security Blvd, Woodlawn, MD 21244
      View Details
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    Woodlawn, MD 21244
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    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
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