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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1709 Edgewood Rd Edgewood, MD 21040-1009

    • Motels
    • 49,248 SF
    • 3.52 lot acres
    OFF-MARKET
    Value Estimations
    $920,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1546539
    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

    • Hilltop Motel / Hotel & Motel
    • Americas Best Value Inn Edgewood / Hotel & Motel
    • Yellow Cab of Harford County LLC / Courier Service
    • Hilltop Pizza & Subs / Restaurant
    • Tacos Tijuana Inc / Restaurant

    Property Details for 1709 Edgewood Rd

    Year built
    1966
    Construction
    BRICK
    Lot size
    3.52 lot acres
    Property size
    49,248 SF
    Zone code
    B3
    Property type
    Motels
    APN
    01-045261
    APU
    1045261

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $810,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,028,000
      Market price range: $865k - $1.94M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,330,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewood
    County
    Harford
    State
    Maryland
    Longitude
    -76.3071
    Latitude
    39.4518
    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
    2022
    $41,993
    $3,168,000
    $684,900
    $3,852,900
    -
    $3,168,000
    $684,900
    $3,852,900

    Comparable in this City

    • Value Estimation by Request
      8,536 SF

      2209 Pulaski Hwy

      MOTEL • 8,536 SF
      2209 Pulaski Hwy, Edgewood, MD 21040-1601
      View Details
    • Value Estimation
      $1,155,000
      44,655 SF

      2118 Emmorton Park Rd

      MOTEL • 44,655 SF
      2118 Emmorton Park Rd, Edgewood, MD 21040-1000
      View Details
    • Value Estimation
      $1,030,000
      56,640 SF

      1700 Van Bibber Rd

      MOTEL • 56,640 SF
      1700 Van Bibber Rd, Edgewood, MD 21040-1054
      View Details
    • Value Estimation by Request
      6,048 SF

      1709 Edgewood Rd

      MOTEL • 6,048 SF
      1709 Edgewood Rd, Edgewood, MD 21040-1009
      View Details
    • Value Estimation
      $730,000
      27,144 SF

      2116 Emmorton Park Rd

      MOTEL • 27,144 SF
      2116 Emmorton Park Rd, Edgewood, MD 21040-1000
      View Details
    • Value Estimation
      $740,000
      39,468 SF

      2112 Emmorton Park Rda

      MOTEL • 39,468 SF
      2112 Emmorton Park Rda, Edgewood, MD 21040-1000
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.54 Acres

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      High-traffic retail space, excellent visibility.
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      Edgewood Specialty Property for Sale

      Specialty property available in Edgewood, Maryland for $275,000.
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      Land For Sale

      Land available for sale.
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      Spacious Mobile Home in Harford

      Comfortable four-bedroom, two-bathroom mobile home in convenient location.
      1822 Emily Dr, Edgewood, MD 21040
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    • $84,900

      Three-Bedroom Mobile Home for Sale

      Move-in ready three-bedroom mobile home with updated features.
      1873 Emily Dr, Edgewood, MD 21040
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      Edgewood Specialty Property For Sale

      Specialty property available for purchase in Edgewood, Maryland.
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    Similar Nearby for Lease

    • $15 SF/Yr
      8,000 SF

      Pulaski Hwy Office Space Available

      850 SF Office, High Visibility Location
      1711 Pulaski Hwy, Edgewood, MD 21040
      View Details
    • $15 SF/Yr
      1,000 SF

      Two-Story Office Building For Lease

      23,024 sq ft office building near Aberdeen Proving Ground.
      500 Edgewood Rd, Edgewood, MD 21040
      View Details
    • $2,300,000
      6,226 SF

      Medical Office Building For Sale/Lease

      Medical office building for sale or lease with high traffic.
      1952 Pulaski Hwy, Edgewood, MD 21040
      View Details
    • Contact for pricing

      Urgent Care & Primary Care & Pediatric & Family Medicine & Dental & Orthodontic Physical Therapy

      B-2 Zoned Medical / Professional Use Opportunity In high Density and high traffic Signage w/ lots of Parking
      2301 Willoughby Beach Rd, Edgewood, MD 21040
      View Details
    • $20 SF/Yr
      417 SF

      Office Space Near I-95

      Office space for rent near I-95 and Route 24.
      2113 Emmorton Park Rd, Edgewood, MD 21040
      View Details
    • $15 SF/Yr
      3,300 SF

      Route 40 Retail/Warehouse Space

      Retail and warehouse space available on Route 40.
      2710 Pulaski Hwy, Edgewood, MD 21040
      View Details
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    1709 Edgewood Rd
    Edgewood, MD 21040-1009
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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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