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    1217 Annapolis Rd Odenton, MD 21113
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    1217 Annapolis Rd Odenton, MD 21113

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    • Retail properties & Spaces
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    Cap Rate Potential
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    • Retail properties & Spaces

    Property Details for 1217 Annapolis Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional Class A retail pad site, located in the heart of Odenton Town Center in Anne Arundel County, presents a unique investment opportunity. Situated directly on Annapolis Road, this highly visible location boasts excellent accessibility and ample parking. The site offers the potential for a drive-through, a significant advantage for many retail businesses. Its strategic position near the MARC train station, a major transportation hub serving approximately 3,000 daily passengers, ensures high traffic volume and exposure to a diverse customer base. The site benefits from convenient access to major roadways, including Route 32, 175, Route 3, I-97, and the Baltimore Washington Parkway, further enhancing its accessibility. The surrounding area features a strong demographic profile, including proximity to Fort Meade, the U.S. Cyber Command, and the National Security Agency (NSA). The Odenton Town Center itself is home to a variety of established businesses, including medical and beauty retailers, a restaurant, and more, creating a vibrant and thriving commercial environment. This pad site is ideally positioned within the core development zone as outlined in the 2016 Odenton Town Center Master Plan. Annual average daily traffic (AADT) counts on Annapolis Road are approximately 14,200, and on Piney Orchard Parkway/Telegraph Road, approximately 23,869, indicating significant vehicular traffic flow. This prime location offers unparalleled potential for a successful retail venture. The site is available for lease as a single tenancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Odenton
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6925
    Latitude
    39.0833

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      3.60 Acres

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      3.35 Acres

      3241 Laurel Ft Meade Rd

      Land • 3.35 Acres
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    Similar Nearby for Sale

    • $275,000

      Land For Sale

      Land available for purchase in Odenton, Maryland.
      Annapolis Rd, Odenton, MD 21113
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      34,802 SF

      Retail Space Near Fort Meade

      Retail property near Fort Meade at MD 175.
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      Land Near Odenton MARC Station

      Commercial land near apartments, shopping, restaurants, and train station.
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      Land Near Odenton MARC Station

      Land with O-COR zoning near apartments and Odenton MARC station.
      1439 Annapolis Rd, Odenton, MD 21113
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      Odenton Town Center Land

      3.6 acres near MARC station and Ft. Meade.
      1402 Annapolis Rd, Odenton, MD 21113
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    • New
      $225,000
      3.19 Acres

      3+ Acres for Dream Home

      3+ acre lot near Baltimore, Washington, and Annapolis.
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    Similar Nearby for Lease

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      Retail Space for Lease

      Retail space available for lease on Telegraph Road, Odenton.
      Telegraph Rd. Md Rte 170, Odenton, MD 21113
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      6,181 SF

      Office/Flex/Industrial Buildings Near Fort Meade

      Three one-story office/flex/industrial buildings near Fort Meade and BWI.
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      Retail Space for Lease

      Retail space available for lease in Odenton, Maryland.
      1496 Annapolis Rd, Odenton, MD 21113
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      Fenced Acreage for Lease

      One acre of fenced land with utilities for lease.
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      Retail Space Near MARC Station

      Retail space available near Odenton Station and luxury apartments.
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    1217 Annapolis Rd
    Odenton, MD 21113
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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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