Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2309 Mtn Rd Pasadena, MD 21122-1209
    Back to Search
    Property profile & analytics

    2309 Mtn Rd, Pasadena, MD 21122-1209

    View on Map
    • Auto shops
    • 1,500 SF
    • 1.37 lot acres
    Off-Market
    Property ID
    US40-0040341
    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.
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 2309 Mtn Rd

    Year built
    1986
    Construction
    BRICK
    Lot size
    1.37 lot acres
    Zone code
    C4
    Property type
    Auto shops
    APN
    03-388-22537049
    APU
    338822537049

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 19, 2016 $885,000 Mount Investment LLC 2309 Mountain Road LLC Deed $708k · Severn Savings Bank Fsb
    Dec 1, 2006 — Patricia A Williamson Owens Florence F Grant Deed —
    Dec 1, 2006 $775,000 2309 Mountain Road LLC Patricia Ann Williamson Deed $620k · The Annapolis Banking & Trust Co
    — — 2309 Mountain Road LLC — Deed Of Trust · related $590k · Old Line Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $640,000
      Current use
      OFFICE BUILDING
      $750,000
      Change: +18% Conversion: Difficult
      RETAIL STORES
      $620,000
      Change: -3% Conversion: Difficult
      MEDICAL BUILDING
      $550,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5503
    Latitude
    39.1288
    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
    $6,927
    $0.00
    $0.00
    $634,300
    -
    $547,600
    $87,500
    $635,100

    Comparable in this City

    • Value Estimation by Request
      1,080 SF

      8489 Ft Smallwood Rd

      AUTO REPAIR, GARAGE
      8489 Ft Smallwood Rd, Pasadena, MD 21122-2739
      View Details
    • Value Estimation
      $635,000
      1,250 SF

      8888 Ft Smallwood Rd

      AUTO REPAIR, GARAGE
      8888 Ft Smallwood Rd, Pasadena, MD 21122-2344
      View Details
    • Value Estimation by Request
      1,176 SF

      21 Ritchie Hwy

      AUTO REPAIR, GARAGE
      21 Ritchie Hwy, Pasadena, MD 21122-4356
      View Details
    • Value Estimation by Request
      1,798 SF

      8249 Ritchie Hwy

      AUTO REPAIR, GARAGE
      8249 Ritchie Hwy, Pasadena, MD 21122-3929
      View Details
    • Value Estimation
      $515,000
      6,240 SF

      4425 Mtn Rd

      AUTO REPAIR, GARAGE
      4425 Mtn Rd, Pasadena, MD 21122-4521
      View Details
    • Value Estimation by Request
      4,220 SF

      2319 Mtn Rd

      AUTO REPAIR, GARAGE
      2319 Mtn Rd, Pasadena, MD 21122-1209
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Turnkey Auto Repair Shop For Sale

      Auto repair shop with equipment included, high visibility location.
      184-186 Mountain Rd, Pasadena, MD 21122
      View Details
    • Contact for pricing
      2,912 SF

      Versatile Commercial Property Near Stoney Creek

      C3-zoned property with flexible spaces, garage, and prime location.
      8477 Fort Smallwood Rd, Pasadena, MD 21122
      View Details
    • Contact for pricing

      Ritchie Highway Retail/Office Spaces

      Retail and office spaces available on Ritchie Highway.
      8221 Ritchie Hwy, Pasadena, MD 21122
      View Details
    • Contact for pricing

      Retail Center in Pasadena, Maryland

      Retail spaces available for lease or purchase in Pasadena.
      8567-8587 Fort Smallwood Rd, Pasadena, MD 21122
      View Details
    • Contact for pricing
      5,500 SF

      Commercial Building on Ritchie Highway

      5,500+/- SF commercial building on Ritchie Highway in Pasadena, MD.
      8230 Ritchie Hwy, Pasadena, MD 21122
      View Details
    • $599,000
      3,000 SF

      Pasadena Multi-Unit Investment Opportunity

      Three-unit property in Riviera Beach with income potential.
      151 Riviera Dr, Pasadena, MD 21122
      View Details

    Similar Nearby for Lease

    • $10,500 /Mo

      Pasadena Commercial Property with Storage

      3,800 SF building on 1.32 acres with outdoor storage.
      25-29 Wishing Rock Rd, Pasadena, MD 21122
      View Details
    • Contact for pricing
      960 SF

      Mixed-Use Property on Ritchie Highway

      Retail and office spaces available in Patriots Plaza.
      8039 Ritchie Hwy, Pasadena, MD 21122
      View Details
    • Contact for pricing
      820 SF

      Renovated Retail/Office Space Available

      Recently renovated 820 SF retail/office space with high visibility.
      2932-2934 Mountain Rd, Pasadena, MD 21122
      View Details
    • Contact for pricing

      Grocery-Anchored Retail Space Available

      Retail spaces for lease in Lakeshore Plaza shopping center.
      4103-4211 Mountain Rd, Lake Shore, MD 21122
      View Details
    • Contact for pricing
      1,311 SF

      Retail Space in Pasadena Plaza

      Retail space available in Anne Arundel County shopping center.
      31 Magothy Beach Rd, Pasadena, MD 21122
      View Details
    • Contact for pricing
      950 SF

      Retail Space Available in Pasadena

      Retail spaces available near Ritchie Highway and Jumpers Hole Road.
      8139-8145 Ritchie Hwy, Pasadena, MD 21122
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2309 Mtn Rd
    Pasadena, MD 21122-1209
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2309 Mtn Rd, Pasadena, MD, 21122
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!