21 Stemmers Run Rd Essex, MD 21221
- Commercial real estate
- 1,124 SF
- 0.31 lot acres
Current Use by Public Records
- Blair's Auto Care / Auto Repair Shop / Auto Restoration Service
Property Details for 21 Stemmers Run Rd
- Year built
- 1948
- Lot size
- 0.31 lot acres
- Property size
- 1,124 SF
- Zone code
- BLAS
- Property type
- Commercial real estate
- APN
- 15-1513201510
- APU
- 151513201510
Description
Prime Essex, MD location presents a lucrative opportunity to acquire a well-established auto repair business and accompanying real estate. This six-bay facility, operating since 1946, boasts a strong history and consistent revenue, generating an annual gross of $500,000-$600,000 with only two technicians and an office manager. The property includes a 5,620 sq ft main building on a 0.31-acre lot, featuring three 7,500-lb asymmetrical Mohawk lifts, one 18,000-lb drive-on rotary lift with two 9,000-lb sliding jacks, and a new 10,000-lb asymmetrical rotary lift. The newest addition, constructed in 2008, offers a spacious 46x36 ft area with a 19 ft ceiling, accommodating larger trucks. A comprehensive security system with 16 cameras and DVR recording is included. The property also features a single-family home, currently rented for $1,200/month (with potential for $1,800-$2,000/month), offering three bedrooms, two full baths, and a full basement. Additional structures include a 12x24 ft garage and a 10x12 ft shed housing the shop's air compressor. The main building has a new roof, two 5-ton rooftop AC units, and gas heat. The sale includes the Mitchell On Demand management software and database, containing over 32,000 invoices and 6,000 customer records since 2002. This turnkey operation is priced at $2,000,000 and presents significant growth potential. The property is a Maryland State Inspection Station.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $340,000
- 6.5%
- $300,000
- 7%
- $335,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $385,000
- Mixed-Use
- $390,000
- Hospitality
- $330,000
- Educational
- $390,000
- Residential Income
- $335,000
- Energy
- $375,000
- Income-Based Land
- $305,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.4512
- Latitude
- 39.3165
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA