Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    337 Hospital Dr Glen Burnie, MD 21061
    Back to Search
    Property profile & analytics

    337 Hospital Dr Glen Burnie, MD 21061

    View on Map
    • Community centers
    • 47,934 SF
    • 4.54 lot acres
    For Lease
    $5,010,000
    View Listing →
    Retail/Office Space Near Hospital For Lease
    $5,010,000
    2,270 SF

    Retail/Office Space Near Hospital

    Retail or office space available near University of Maryland.

    337 Hospital Dr, Glen Burnie, MD
    View Listing
    Property ID
    US40-1483376
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Glen Burnie Chiropractic and Physical Therapy LLC / Alternative Medicine Practice
    • Unique Looks LLC / Barber Shop
    • First Lady's Salon / Hair Salon / Nail Salon
    • Angel Nails / Nail Salon
    • Bitcoin Depot | Bitcoin ATM / Crypto Atm / Atm

    Property Details for 337 Hospital Dr

    Year built
    1986
    Construction
    BRICK
    Lot size
    4.54 lot acres
    Property size
    47,934 SF
    Zone code
    C3
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    03-000-90037759
    APU
    300090037759

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Burnie
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6303
    Latitude
    39.1412
    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
    $65,552
    $0.00
    $0.00
    $6,002,967
    -
    $3,635,700
    $2,684,700
    $6,320,400

    Comparable in this City

    • Value Estimation
      $2,800,000
      13,000 SF

      6643 Ritchie Hwyc

      MINI-MALL • 13,000 SF
      6643 Ritchie Hwyc, Glen Burnie, MD 21061-2361
      View Details
    • Value Estimation
      $2,000,000
      18,203 SF

      7522 Ritchie Hwy

      MINI-MALL • 18,203 SF
      7522 Ritchie Hwy, Glen Burnie, MD 21061-3717
      View Details
    • Value Estimation
      $19,365,000
      103,510 SF

      6716 Ritchie Hwy, Unit 1

      MINI-MALL • 103,510 SF
      6716 Ritchie Hwy, Glen Burnie, MD 21061-2319
      View Details
    • Value Estimation
      $12,450,000
      64,764 SF

      7315 Ritchie Hwy

      MINI-MALL • 64,764 SF
      7315 Ritchie Hwy, Glen Burnie, MD 21061-3104
      View Details
    • Value Estimation by Request
      90,666 SF

      7944-7990 Crain Hwy

      Neighborhood centers • 90,666 SF
      7944-7990 Crain Hwy, Glen Burnie, MD 21061
      View Details
    • Value Estimation
      $2,600,000
      23,570 SF

      7522 Ritchie Hwy

      MINI-MALL • 23,570 SF
      7522 Ritchie Hwy, Glen Burnie, MD 21061-3717
      View Details

    Similar Nearby for Sale

    • $700,000

      Glen Burnie Mixed-Use Land

      0.61 acres of C-1 zoned land for sale.
      7685 Quarterfield Rd, Glen Burnie, MD 21061
      View Details
    • $1,600,000
      7,500 SF

      Glen Burnie Retail Opportunity

      Retail property in Glen Burnie with redevelopment potential.
      900 Crain Hwy S, Glen Burnie, MD 21061
      View Details
    • $499,900

      Commercial Opportunity in Glen Burnie

      Four-unit, tenant-occupied property with C2 zoning and off-street parking.
      404 Crain Hwy S, Glen Burnie, MD 21061
      View Details
    • $650,000
      0.40 Acres

      Glen Burnie Commercial Property

      C3 zoned property suitable for retail or office use.
      402 Crain Hwy N, Glen Burnie, MD 21061
      View Details
    • $789,900
      0.07 Acres

      Established Tattoo Studio for Sale

      Turn-key tattoo studio with real estate in prime location.
      208 N Crain Hwy, Glen Burnie, MD 21061
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Enclosed Mall Retail Opportunity

      Retail space available in Marley Station Mall, Glen Burnie.
      7868 Ritchie Hwy, Glen Burnie, MD 21061
      View Details
    • Contact for pricing

      Retail Space in Glen Burnie

      Retail space for lease in Glen Burnie, Maryland.
      7800 Parke West Dr, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      19,973 SF

      Glen Burnie Shopping Center Space

      Retail space in a 160,361 SF shopping center.
      6320-6324 Ritchie Hwy, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      197,700 SF

      Retail Space in Enclosed Mall

      Retail space available in Marley Station Mall, Glen Burnie.
      7900 Ritchie Hwy, Glen Burnie, MD 21061
      View Details
    • Contact for pricing

      Enclosed Mall Retail Opportunity

      Retail space available in Marley Station Mall, Glen Burnie.
      7887 Twin Ridge Dr, Glen Burnie, MD 21061
      View Details
    • Contact for pricing

      Enclosed Mall Retail Opportunity

      Retail space available in Marley Station Mall, Glen Burnie.
      7880 Ritchie Hwy, Glen Burnie, MD 21061
      View Details

    Property Visit Statistics

    • Visits by month
      9.9k
    • Visitors by month
      6.7k
    • Avg Time on site
      13 min
    View Listing
    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.
    337 Hospital Dr
    Glen Burnie, MD 21061
    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
    337 Hospital Dr, Glen Burnie, MD, 21061
    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!