Property profile

7561 Washington Blvd Elkridge, MD 21075

FOR LEASE
Commercial land
Property ID
US40-2404625
6,414 SF 1.74 ac lot Built 1950
Entity Owned 15-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Elkridge, Maryland retail property, located at 7561 Washington Blvd, presents a compelling redevelopment opportunity. The 1.74-acre lot features two pad sites totaling 9,000 square feet, zoned B1, and ideally suited for restaurant or retail uses. Currently, 6,600 square feet are vacant, offering significant flexibility for prospective tenants. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 1,500 square feet, allowing for adaptability to various business needs. The property's strategic location offers unparalleled convenience, situated just 0.5 miles from Route 175 and providing easy access to I-95, ensuring high visibility and accessibility for customers. This presents a rare chance to establish a thriving business in a high-traffic area with strong potential for growth. The property's multiple tenancy allows for diverse business combinations, creating a vibrant and attractive retail environment. This is an excellent investment opportunity for those seeking a prime location in a rapidly developing area of Howard County. The existing infrastructure and zoning provide a streamlined path to occupancy, making this a truly attractive proposition for both established businesses and new ventures.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1950
Construction WOOD FRAME
Total area 6,414 SF
Lot 1.74 ac (75,794 SF)
Zoning code CECLI
APN 01-177222
UPID US40-2404625

Cap rate & NOI

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

Location

7561 Washington Blvd Elkridge, MD 21075
Elkridge metro Census 601203 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$654k
Blend (final) Blend
$695k

Owner & transaction history

since 2010
6 recorded transactions
2025
Price N/A
2010
$800,000
2010
$580,000
2007
$1.1M
2001
$7,050
1969
Price N/A

Zoning & alternative use

CECLI · Elkridge, MD
Top alternative use upside
Warehouse, storage $975,000 +10.8%
Medical building $930,000 +5.9%
Retail stores $895,000 +1.5%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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