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    Property profile & analytics

    121 Mitchells Chance Rd Edgewater, MD 21037-2773

    • Turn key restaurants
    • 5,784 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US40-0206996
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Headhunters Studio / Hair Salon
    • Tresses on Trend / Hair Salon / Hair Extension Technician
    • Art and Chemistry by Sara McGrady / Hair Salon
    • Sola Beauty Supplies / Beauty Supply Store
    • Lush by Mina (1 on 1 nails suite. Appointment only. Text only) / Nail Salon

    Property Details for 121 Mitchells Chance Rd

    Year built
    2007
    Lot size
    0.77 lot acres
    Property size
    5,784 SF
    Zone code
    C3
    Property type
    Turn key restaurants
    APN
    01-753-90212925
    APU
    175390212925

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5639
    Latitude
    38.9294
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,317
    $465,200
    $1,029,000
    $1,494,200
    -
    $465,200
    $1,029,000
    $1,494,200

    Comparable in this City

    • Value Estimation by Request
      7,105 SF

      169 Mayo Rd

      RESTAURANT • 7,105 SF
      169 Mayo Rd, Edgewater, MD 21037-1804
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    • Value Estimation by Request
      4,144 SF

      1143 Mayo Rd

      RESTAURANT • 4,144 SF
      1143 Mayo Rd, Edgewater, MD 21037-4201
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      6,717 SF

      2840 Solomons Is Rd

      RESTAURANT • 6,717 SF
      2840 Solomons Is Rd, Edgewater, MD 21037-1213
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    • Value Estimation by Request
      3,920 SF

      3105 Solomons Is Rd

      RESTAURANT • 3,920 SF
      3105 Solomons Is Rd, Edgewater, MD 21037-1705
      View Details
    • Value Estimation by Request
      2,419 SF

      1246 Mayo Rd

      RESTAURANT • 2,419 SF
      1246 Mayo Rd, Edgewater, MD 21037-4501
      View Details
    • Value Estimation by Request
      1,572 SF

      3490 Pike Rdg Rd

      RESTAURANT • 1,572 SF
      3490 Pike Rdg Rd, Edgewater, MD 21037
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $2,200 /Mo
      820 SF

      Edgewater Retail Space For Rent

      Retail space in Edgewater, MD with high traffic visibility.
      3137-3141 Solomons Island Rd, Edgewater, MD 21037
      View Details
    • Contact for pricing
      5,232 SF

      Restaurant or Redevelopment Opportunity

      Freestanding building with excellent access and visibility.
      3222 Solomons Island Rd, Edgewater, MD 21037
      View Details
    • Contact for pricing
      1,677 SF

      Retail Space in Edgewater

      Retail space available for lease in Edgewater, Maryland.
      143-189 Mitchells Chance Rd, Edgewater, MD 21037
      View Details
    • Contact for pricing
      118,105 SF

      Edgewater Retail Center Opportunity

      Prime Edgewater retail space available.
      3209 Solomons Island Rd, Edgewater, MD 21037
      View Details
    • Contact for pricing
      14,000 SF

      Edgewater Retail Space Sublease

      Retail space available for sublease in Edgewater, Maryland.
      5-14 Mayo Rd, Edgewater, MD 21037
      View Details
    • Contact for pricing
      1,151 SF

      Retail Space in Edgewater, MD

      Eco-friendly retail center on a busy commuter corridor.
      11 Lee Airpark Dr, Edgewater, MD 21037
      View Details

    Property Visit Statistics

    • Visits by month
      3.4k
    • Visitors by month
      2.5k
    • Avg Time on site
      83 min
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    121 Mitchells Chance Rd
    Edgewater, MD 21037-2773
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    Realmo Value Estimation

    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.

    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.

    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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