Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16 Ordnance Rd Glen Burnie, MD 21060-6544

    • Strip malls
    • 14,592 SF
    • 1.97 lot acres
    OFF-MARKET
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1298381
    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

    • Ledo Pizza Glen Burnie, MD / Pizza Restaurant

    Property Details for 16 Ordnance Rd

    Year built
    1979
    Construction
    BRICK
    Lot size
    1.97 lot acres
    Property size
    14,592 SF
    Zone code
    C3
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    05-000-90035751
    APU
    500090035751

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $570,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $549,000
      Market price range: $518k - $1.02M

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Burnie
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6113
    Latitude
    39.1934
    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
    $22,705
    $945,600
    $1,133,600
    $2,079,200
    -
    $945,600
    $1,133,600
    $2,079,200

    Comparable in this City

    • Value Estimation by Request
      28,106 SF

      7602 Baltimore Annapolis Blvd

      SHOPPING CENTER, STRIP CENTER • 28,106 SF
      7602 Baltimore Annapolis Blvd, Glen Burnie, MD 21060-7342
      View Details
    • Value Estimation
      $295,000
      3,180 SF

      7313 Furnace Br Rd

      SHOPPING CENTER, STRIP CENTER • 3,180 SF
      7313 Furnace Br Rd, Glen Burnie, MD 21060-7059
      View Details
    • Value Estimation by Request
      4,040 SF

      7622 Baltimore Annapolis Blvd

      SHOPPING CENTER, STRIP CENTER • 4,040 SF
      7622 Baltimore Annapolis Blvd, Glen Burnie, MD 21060-7344
      View Details
    • Value Estimation by Request
      7,500 SF

      7339 Furnace Br Rd

      SHOPPING CENTER, STRIP CENTER • 7,500 SF
      7339 Furnace Br Rd, Glen Burnie, MD 21060-7060
      View Details
    • Value Estimation by Request
      21,901 SF

      585 Ordnance Rd

      SHOPPING CENTER, STRIP CENTER • 21,901 SF
      585 Ordnance Rd, Glen Burnie, MD 21060-6555
      View Details
    • Value Estimation by Request
      8,820 SF

      7445 Furnace Br Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 8,820 SF
      7445 Furnace Br Rd, Glen Burnie, MD 21060-7243
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,745 SF

      Glen Burnie Restaurant Opportunity

      11,745 SF restaurant on 2.79 acres in Glen Burnie.
      6701 Chesapeake Center Dr, Glen Burnie, MD 21060
      View Details
    • $539,900

      Glen Burnie Specialty Property

      Specialty property for sale in Glen Burnie, Maryland.
      824 Teacher Mitchell Rd, Glen Burnie, MD 21060
      View Details
    • $550,000

      Waterfront Property with Renovation Potential

      Waterfront property on Nabbs Creek with renovation or building potential.
      972 Nabbs Creek Rd, Glen Burnie, MD 21060
      View Details
    • $204,900

      Renovated Condo with Modern Upgrades

      Completely renovated 2-bedroom condo with modern features and convenient location.
      118 Mountain Rd, Glen Burnie, MD 21060
      View Details
    • $130,000

      Land for Sale

      Land available for sale in Glen Burnie, Maryland.
      7339 Green Acres Dr, Glen Burnie, MD 21060
      View Details
    • Contact for pricing

      Glen Burnie Flex/Warehouse Space

      Flex/warehouse space with docks, fenced lot, and high visibility.
      120 Langley Rd, Glen Burnie, MD 21060
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,000 SF

      Glen Burnie Retail Opportunity

      Retail space for rent with high visibility and access.
      7631-7963 Baltimore Annapolis Blvd, Glen Burnie, MD 21060
      View Details
    • Contact for pricing
      6,510 SF

      Glen Burnie Power Center Opportunity

      High-traffic retail space available in prime location.
      585-597 Ordnance Rd, Glen Burnie, MD 21060
      View Details
    • $11,900 /Mo

      Glen Burnie Auto Dealership Space

      Auto dealership space with showroom and parking in Glen Burnie.
      7118 Ritchie Hwy, Glen Burnie, MD 21060
      View Details
    • Contact for pricing
      3,458 SF

      Glen Burnie Automotive/Retail Space

      Automotive/retail space with drive-through design in Glen Burnie.
      79 Dover Rd NE, Glen Burnie, MD 21060
      View Details
    • Contact for pricing
      2,645 SF

      Glen Burnie Automotive/Retail Space

      Automotive/retail space in Glen Burnie's automotive corridor.
      91 Dover Rd NE, Glen Burnie, MD 21060
      View Details
    • Contact for pricing
      157,890 SF

      Glen Burnie Crossing: Flex Space Available

      Prime Anne Arundel County flex space, multiple suites.
      0 77–93 Dover Roa, Glen Burnie, MD 21060
      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.
    16 Ordnance Rd
    Glen Burnie, MD 21060-6544
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.