Property profile

204 Carroll Is Rd Middle River, MD 21220

OFF-MARKET
Grocery and convenience stores
Property ID
US40-0941213
2,640 SF 0.58 ac lot
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This auction presents a prime redevelopment opportunity for a vacant, 2,640 square foot freestanding retail building situated on a 0.58-acre lot in Middle River, Maryland. Previously a 7-Eleven, this single-story building boasts a convenient location at the intersection of Bowleys Quarters Road (16,541 VPD) and Carroll Island Road (15,651 VPD), offering exceptional visibility and high traffic counts totaling approximately 32,192 vehicles per day. The property is shadow-anchored by a Walmart and benefits from proximity to other national retailers including Dollar Tree, True Value, Advance Auto Parts, Dunkin', McDonald's, and Walgreens. The property features 12 surface parking spaces. Zoned BL (Business Local), this versatile property allows for a variety of uses, including retail, restaurant, financial, office, medical clinic, and car wash (with special exception). The surrounding area is densely populated, with approximately 111,830 people residing within a 5-mile radius and an average household income of approximately $94,390. The auction begins at $150,000 and takes place November 4-6, 2024. The property is vacant and ready for immediate occupancy starting September 1, 2024. This fee simple ownership offers significant potential for value enhancement through lease-up or owner-occupancy. The property's address is 204 Carroll Island Rd, Middle River, MD 21220.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Construction BRICK
Total area 2,640 SF
Lot 0.58 ac (25,315 SF)
Zoning code BLCCC
APN 15-1519610920
UPID US40-0941213

Cap rate & NOI

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

Location

204 Carroll Is Rd Middle River, MD 21220
Middle River metro Census 451802 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$560k

Owner & transaction history

since 2022
Last sale
$470,000
2 recorded transactions
2022
Price N/A
2022
$470,000

Zoning & alternative use

BLCCC · Middle River, 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 204 Carroll Is Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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