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    Property profile & analytics

    223 Mayo Rd Edgewater, MD 21037-2950

    • Auto shops
    • 10,078 SF
    • 0.83 lot acres
    OFF-MARKET
    Value Estimation
    $1,690,000
    Last Sale
    Mar 03, 2020
    $1,450,000
    Location Intelligence
    Property ID
    US40-0960985
    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

    • Wee Heart Autobody / Auto Body Shop / Auto Dent Removal Service
    • Happy Harry's Auto & Marine / Auto Repair Shop

    Property Details for 223 Mayo Rd

    Year built
    1940
    Construction
    BRICK
    Lot size
    0.83 lot acres
    Property size
    10,078 SF
    Zone code
    C4
    Property type
    Auto shops
    APN
    01-000-01244608
    APU
    100001244608

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,810,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,300,000
      6.5%
      $1,330,000
      7%
      $1,385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,380,000
      Geo Method
      $1,250,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,365,000
      Retail
      $1,245,000
      Mixed-Use
      $1,320,000
      Hospitality
      $1,300,000
      Educational
      $1,480,000
      Residential Income
      $1,275,000
      Energy
      $1,255,000
      Income-Based Land
      $1,355,000
      Food Service
      $1,635,000

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5573
    Latitude
    38.929
    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
    $10,233
    $521,500
    $415,600
    $937,100
    -
    $521,500
    $415,600
    $937,100

    Comparable in this City

    • Value Estimation by Request
      4,450 SF

      3774 Bch Dr Blvd

      AUTO REPAIR, GARAGE • 4,450 SF
      3774 Bch Dr Blvd, Edgewater, MD 21037-4020
      View Details
    • Value Estimation by Request
      1,305 SF

      620 Central E Ave

      AUTO REPAIR, GARAGE • 1,305 SF
      620 Central E Ave, Edgewater, MD 21037-3429
      View Details
    • Value Estimation by Request
      7,280 SF

      2820 Solomons Is Rd

      AUTO REPAIR, GARAGE • 7,280 SF
      2820 Solomons Is Rd, Edgewater, MD 21037-1400
      View Details
    • Value Estimation
      $515,000
      6,839 SF

      4079 Cadle Crk Rd

      AUTO REPAIR, GARAGE • 6,839 SF
      4079 Cadle Crk Rd, Edgewater, MD 21037-4517
      View Details
    • Value Estimation
      $545,000
      3,036 SF

      74 Mayo Rd

      AUTO REPAIR, GARAGE • 3,036 SF
      74 Mayo Rd, Edgewater, MD 21037-1427
      View Details
    • Value Estimation
      $375,000
      3,320 SF

      234 Mayo Rd

      AUTO REPAIR, GARAGE • 3,320 SF
      234 Mayo Rd, Edgewater, MD 21037-2905
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      1,677 SF

      Retail Space in Edgewater

      Retail space available for lease in Edgewater, Maryland.
      143-189 Mitchells Chance Rd, Edgewater, MD 21037
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    • Contact for pricing
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      Edgewater Retail Center Opportunity

      Prime Edgewater retail space available.
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      View Details
    • Contact for pricing
      14,000 SF

      Edgewater Retail Space Sublease

      Retail space available for sublease in Edgewater, Maryland.
      5-14 Mayo Rd, Edgewater, MD 21037
      View Details
    • $2,200 /Mo
      820 SF

      Edgewater Retail Space For Rent

      Retail space in Edgewater, MD with high traffic visibility.
      3137-3141 Solomons Island Rd, Edgewater, MD 21037
      View Details
    • Contact for pricing
      1,151 SF

      Retail Space in Edgewater, MD

      Eco-friendly retail center on a busy commuter corridor.
      11 Lee Airpark Dr, Edgewater, MD 21037
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    • Contact for pricing
      5,232 SF

      Restaurant or Redevelopment Opportunity

      Freestanding building with excellent access and visibility.
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      View Details
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    223 Mayo Rd
    Edgewater, MD 21037-2950
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    Realmo Value Estimation

    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.

    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.

    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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