Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1401 Merritt Blvd Baltimore, MD 21222-2140

    • Drive through restaurants
    • 3,099 SF
    • 16.10 lot acres
    OFF-MARKET
    Value Estimations
    $815,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0134560
    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

    • UPS Access Point location / Courier Service / Postal Service
    • Planet Fitness / Gym & Fitness Center
    • Advance Auto Parts / Auto Parts Store
    • Lance Ranek / Physician
    • Jersey Mike's Subs / Take-out & Catering

    Property Details for 1401 Merritt Blvd

    Year built
    1985
    Construction
    BRICK
    Lot size
    16.10 lot acres
    Property size
    3,099 SF
    Zone code
    BM
    Property type
    Drive through restaurants
    APN
    12-1220027000
    APU
    121220027000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $705,000
      Current use
      AUTO REPAIR, GARAGE
      $715,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $635,000
      Change: -10% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $570,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.5033
    Latitude
    39.2776
    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
    $301,272
    $0.00
    $0.00
    $20,632,267
    -
    $4,832,700
    $16,307,100
    $21,139,800

    Comparable in this City

    • Value Estimation
      $545,000
      4,692 SF

      3954 Pt Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,692 SF
      3954 Pt Blvd, Baltimore, MD 21222-2844
      View Details
    • Value Estimation by Request
      1,554 SF

      423 Sollers Pt Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,554 SF
      423 Sollers Pt Rd, Dundalk, MD 21222-6171
      View Details
    • Value Estimation by Request
      3,416 SF

      Merritt Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,416 SF
      Merritt Blvd, Dundalk, MD 21222
      View Details
    • Value Estimation
      $635,000
      2,416 SF

      1320 Merritt Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,416 SF
      1320 Merritt Blvd, Baltimore, MD 21222-2108
      View Details
    • Value Estimation by Request
      2,400 SF

      7815 Wise Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,400 SF
      7815 Wise Ave, Dundalk, MD 21222-3339
      View Details
    • Value Estimation by Request
      1,769 SF

      6922 Holabird Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,769 SF
      6922 Holabird Ave, Baltimore, MD 21222-1747
      View Details

    Similar Nearby for Sale

    • $950,000
      5,381 SF

      Turn-Key Restaurant and Lounge

      Equipped restaurant and lounge in Dundalk, MD for sale.
      7100 Sollers Point Rd, Dundalk, MD 21222
      View Details
    • New
      $715,000
      0.34 Acres

      Turnkey Business Opportunity in Dundalk

      Longstanding business with building, license, and equipment for sale.
      3814 NORTH Point Blvd, Dundalk, MD 21222
      View Details
    • $999,000

      Restaurant/Bar Commercial Building For Sale

      Commercial building with restaurant/bar equipment included, easy highway access.
      6700 German Hill Rd, Baltimore, MD 21222
      View Details
    • $399,000

      Dundalk Mixed-Use Property For Sale

      Mixed-use property with restaurant and apartments, fully rented.
      100 Willow Spring Rd, Dundalk, MD 21222
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,086 SF

      Retail Pad Site with Drive-Thru

      Retail pad site with drive-thru available for lease.
      1576 Merritt Blvd, Dundalk, MD 21222
      View Details
    • Contact for pricing
      1,800 SF

      Restaurant Space in Dundalk, MD

      2,000 SF restaurant space available for lease.
      1115 Merritt Blvd, Dundalk, MD 21222
      View Details
    • Contact for pricing
      2,000 SF

      Restaurant Space For Lease

      2,000 SF restaurant space available, anchored by Gold’s Gym.
      1131-1205 Merritt Blvd, Dundalk, MD 21222
      View Details
    • Contact for pricing
      16,893 SF

      Dundalk Village Retail Space

      Retail space in Dundalk Village with high foot traffic.
      19 Shipping Pl, Baltimore, MD 21222
      View Details
    • Contact for pricing
      1,503 SF

      Remodeled Shopping Center Retail Space

      Remodeled shopping center with restaurants, retail, and community services.
      1730 Merritt Blvd, Dundalk, MD 21222
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Merritt Boulevard

      Retail space for lease near Dundalk's retail corridor.
      7444 Holabird Ave, Dundalk, MD 21222
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1401 Merritt Blvd
    Baltimore, MD 21222-2140
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!