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    Property profile & analytics

    2008 Merritt Ave Dundalk, MD 21222-4638

    • Specialty properties
    • 16,077 SF
    • 0.64 lot acres
    OFF-MARKET
    Last Sale
    Apr 05, 2021
    $630,000
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1468170
    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

    • Specialty properties

    Property Details for 2008 Merritt Ave

    Year built
    1930
    Construction
    BRICK
    Lot size
    0.64 lot acres
    Property size
    16,077 SF
    Zone code
    BL
    Property type
    Specialty properties
    APN
    12-1209065190
    APU
    121209065190

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $750,000
      ML approach
      $815,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $650,000
      Market price range: $650k - $1.71M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dundalk
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.5104
    Latitude
    39.2608
    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
    $1,023
    $265,000
    $360,700
    $625,700
    -
    $265,000
    $360,700
    $625,700

    Comparable in this City

    • Value Estimation by Request
      5,690 SF

      6712 Pne Ave

      CHARITABLE ORGANIZATION • 5,690 SF
      6712 Pne Ave, Baltimore, MD 21222-4023
      View Details
    • Value Estimation by Request
      1,820 SF

      7801 Seaside Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,820 SF
      7801 Seaside Rd, Baltimore, MD 21222-5521
      View Details
    • Value Estimation
      $1,365,000
      25,580 SF

      7721 Old Battle Grv Rd

      CHARITABLE ORGANIZATION • 25,580 SF
      7721 Old Battle Grv Rd, Baltimore, MD 21222-3510
      View Details
    • Value Estimation by Request
      6,205 SF

      New Pittsburg Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 6,205 SF
      New Pittsburg Ave, Baltimore, MD 21222
      View Details
    • Value Estimation by Request
      2,760 SF

      2715 Pt Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,760 SF
      2715 Pt Blvd, Baltimore, MD 21222
      View Details
    • Value Estimation by Request
      2,703 SF

      311 Main St

      FUNERAL HOME • 2,703 SF
      311 Main St, Dundalk, MD 21222-6160
      View Details

    Similar Nearby for Sale

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      Dundalk Multi-Level Commercial Building

      Large vacant building suitable for church, daycare, or residential use.
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    • $839,999
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      Three-Story Commercial Property For Sale

      Three-story commercial property with steady income and growth potential.
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    Similar Nearby for Lease

    • 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
    • $2,200 /Mo
      10,019 SF

      Renovated Office Building on Wise

      Renovated office building with high visibility and ample parking.
      7827 Wise Ave, Dundalk, MD 21222
      View Details
    • Contact for pricing

      Retail Space on Merritt Boulevard

      Single tenant retail space available for lease.
      1503-1559 Merritt Blvd, Dundalk, MD 21222
      View Details
    • Contact for pricing
      27,350 SF

      Dundalk Retail Space Available

      Retail spaces available off I-695 in Dundalk, Maryland.
      2301-2315 N Point 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
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    2008 Merritt Ave
    Dundalk, MD 21222-4638
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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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