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    1496 Annapolis Rd Odenton, MD 21113

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    1496 Annapolis Rd Odenton, MD 21113

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    • Retail space
    • 6,834 SF
    • 0.93 lot acres
    For Lease
    $1,350,000
    View Listing →
    Retail Space for Lease For Lease
    $1,350,000

    Retail Space for Lease

    Retail space available for lease in Odenton, Maryland.

    1496 Annapolis Road, Odenton, MD 21113
    View Listing
    Property ID
    US40-1364948
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Verizon / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 1496 Annapolis Rd

    Year built
    1993
    Construction
    BRICK
    Lot size
    0.93 lot acres
    Property size
    6,834 SF
    Zone code
    O-NOD
    Property type
    Retail space
    APN
    04-000-90073891
    APU
    400090073891

    Description

    This exceptional freestanding retail building, located at 1496 Annapolis Road in Odenton, Maryland, presents a unique investment opportunity. The property boasts a substantial 11,000 square feet of space, currently entirely vacant and ready for immediate occupancy. Situated on a generous 5.069-acre lot, this two-story building offers significant flexibility for a variety of retail uses. The C-4 zoning allows for a wide range of commercial possibilities, making it an ideal location for businesses seeking high visibility and ample space. The property's substantial lot size provides ample parking and potential for future expansion or development. Its convenient location in Odenton, Anne Arundel County (zip code 21113), ensures easy access for customers and employees. The building's single-tenant occupancy provides a streamlined management experience. This is a rare opportunity to acquire a large, well-located retail property in a thriving Maryland market. The property is available for lease and offers significant potential for a discerning tenant seeking a prominent presence in the Odenton area. The expansive lot size offers significant potential for outdoor displays, landscaping, or additional development. This property is ready for a new tenant to establish a successful business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,852,000
      Market price range: $1.66M - $4.52M
      AI Estimate
      $849,000
      Market price range: $533k - $2.11M

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

    Location Insight

    • Map
    • Local Demand
    City
    Odenton
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.7197
    Latitude
    39.0963
    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
    $14,722
    $0.00
    $0.00
    $1,348,200
    -
    $656,900
    $819,500
    $1,476,400

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      1658 Annapolis Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      1658 Annapolis Rd, Odenton, MD 21113-1002
      View Details
    • Value Estimation
      $940,000
      5,860 SF

      1636 Annapolis Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,860 SF
      1636 Annapolis Rd, Odenton, MD 21113-1002
      View Details
    • Value Estimation
      $630,000
      3,920 SF

      1656 Annapolis Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,920 SF
      1656 Annapolis Rd, Odenton, MD 21113-1002
      View Details
    • Value Estimation by Request
      1,540 SF

      1111 Odenton Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,540 SF
      1111 Odenton Rd, Odenton, MD 21113-1606
      View Details
    • Value Estimation by Request
      520 SF

      1402 Odenton Rd

      RETAIL STORES (PERSONAL SERVICES) • 520 SF
      1402 Odenton Rd, Odenton, MD 21113-1212
      View Details
    • Value Estimation
      $690,000
      1,872 SF

      1590 Annapolis Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,872 SF
      1590 Annapolis Rd, Odenton, MD 21113-1018
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      34,802 SF

      Retail Space Near Fort Meade

      Retail property near Fort Meade at MD 175.
      2288 Blue Water Blvd, Odenton, MD 21113
      View Details
    • Contact for pricing

      3.35 Acres of Land

      3.35 acres of land available for sale.
      3241 Laurel Ft Meade Rd, Odenton, MD 21113
      View Details

    Similar Nearby for Lease

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      2,704 SF

      Retail Space Near MARC Station

      Retail space available near Odenton Station and luxury apartments.
      1415 Duckens St, Odenton, MD 21113
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      Retail Space Near MARC Station

      Retail space available near Odenton Station and luxury apartments.
      1110 Town Center Blvd, Odenton, MD 21113
      View Details
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      Retail Space for Lease

      Retail space available for lease in Odenton, Maryland.
      1496 Annapolis Rd, Odenton, MD 21113
      View Details
    • Contact for pricing

      Freestanding Retail or Office Space

      Proposed 6485 sq ft space available for sale or lease.
      2509 Evergreen Rd, Odenton, MD 21113
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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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      Flex Warehouse Available Ideal Location

      Flex warehouse space for rent in an ideal location.
      8270 Lokus Rd, Odenton, MD 21113
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    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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