Property profile

21 Stemmers Run Rd Baltimore, MD 21221

OFF-MARKET
Commercial real estate
Property ID
US40-1322379
1,124 SF 0.31 ac lot Built 1948
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Prime Essex, MD location presents a lucrative opportunity to acquire a well-established auto repair business and accompanying real estate. This six-bay facility, operating since 1946, boasts a strong history and consistent revenue, generating an annual gross of $500,000-$600,000 with only two technicians and an office manager. The property includes a 5,620 sq ft main building on a 0.31-acre lot, featuring three 7,500-lb asymmetrical Mohawk lifts, one 18,000-lb drive-on rotary lift with two 9,000-lb sliding jacks, and a new 10,000-lb asymmetrical rotary lift. The newest addition, constructed in 2008, offers a spacious 46x36 ft area with a 19 ft ceiling, accommodating larger trucks. A comprehensive security system with 16 cameras and DVR recording is included. The property also features a single-family home, currently rented for $1,200/month (with potential for $1,800-$2,000/month), offering three bedrooms, two full baths, and a full basement. Additional structures include a 12x24 ft garage and a 10x12 ft shed housing the shop's air compressor. The main building has a new roof, two 5-ton rooftop AC units, and gas heat. The sale includes the Mitchell On Demand management software and database, containing over 32,000 invoices and 6,000 customer records since 2002. This turnkey operation is priced at $2,000,000 and presents significant growth potential. The property is a Maryland State Inspection Station.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1948
Total area 1,124 SF
Lot 0.31 ac (13,330 SF)
Zoning code BLAS
APN 15-1513201510
UPID US40-1322379

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

21 Stemmers Run Rd Baltimore, MD 21221-3631
Baltimore metro Census 450800 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2007
5 recorded transactions
2016
Price N/A
2007
Price N/A
2003
$300,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BLAS · Baltimore, 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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