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Property profile & analytics
OFF-MARKET Estimated value $3,830,000
Strip malls

107 Mtn Rd Pasadena, MD 21122-7159

23,400 SF 2.09 ac lot Built 1989
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US40-2332863
Property summary
AI-generated overview

Lippin's Corner, located at 107 Mountain Road in Dundalk, Maryland, presents a significant retail opportunity. This single-tenant, 23,400 square foot strip center is entirely vacant and ready for immediate occupancy. The property is classified as Class B and was constructed in 1989. Situated in Anne Arundel County, zip code 21122, the building enjoys a high-visibility location with ample parking, making it highly attractive to businesses seeking strong foot traffic and convenient access. The address is officially listed as 107 Mountain Rd, Lake Shore, MD, though marketing materials may reference nearby Pasadena. The entire 23,400 square feet is available for lease, providing a substantial space for a variety of retail uses. This presents a unique chance to establish a prominent presence in a well-situated Dundalk commercial area. The property's size and location offer significant potential for a business seeking to expand or establish a new retail operation in a thriving community. Further details regarding lease terms and conditions are available upon request. The property is ready for immediate development and offers a blank canvas for a prospective tenant to create a successful retail venture.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1989
Construction BRICK
Total area 23,400 SF
Lot 2.09 ac (91,040 SF)
Zoning code C4
APN 03-000-32837200
UPID US40-2332863
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.83M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.36M
Blend (final) Blend
$3.83M
Owner & transaction history
Plaza LLC · 1 yrs held
Plaza LLC
since 2024
Last sale
$3.8M
7 recorded transactions
2025
Price N/A
2024
$3.8M
2022
Price N/A
2004
$2.2M
2004
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C4 · Pasadena, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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