Property profile

17 Ctr Pl Dundalk, MD 21222

OFF-MARKET
Retail space
Property ID
US40-0108656
2,400 SF 0.37 ac lot Built 1950
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,400 square foot executive office/retail space, located at 17 Center Pl in Dundalk, Maryland, presents a compelling investment opportunity. Priced at $550,000 ($24.76/sq ft), this property boasts a 0.37-acre lot with ample parking for 45 vehicles. Currently occupied by an appliance store with a long-term lease history, the building offers immediate income potential. The property is zoned BM and features well-maintained mechanical systems. Situated in a safe and improving neighborhood, this location benefits from ongoing community development initiatives. The sale includes the entire adjacent parking lot, adding significant value and convenience. This versatile property is ideal for a variety of uses, making it an attractive investment for both seasoned and emerging investors seeking a strong return in a thriving Maryland market. The building's existing tenant provides a stable income stream while offering the potential for future redevelopment or repositioning to capitalize on the area's growth. Don't miss this chance to acquire a prime commercial property in a desirable location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction BRICK
Total area 2,400 SF
Lot 0.37 ac (16,200 SF)
Zoning code BM
APN 12-1204075782
UPID US40-0108656

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

17 Ctr Pl Dundalk, MD 21222-4304
Dundalk metro Census 420900 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2005
2 recorded transactions
2018
Price N/A
2005
$3.7M

Zoning & alternative use

BM · Dundalk, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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