Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7911 Ritchie Hwy Glen Burnie, MD 21061
    Back to Search
    Property profile & analytics

    7911 Ritchie Hwy, Glen Burnie, MD 21061

    View on Map
    • Investment properties
    • 2,122 SF
    • 1.43 lot acres
    For Sale
    $899,900
    View Listing →
    Glen Burnie C-2 Opportunity Land For Sale
    $899,900
    1.43 Acres

    Glen Burnie C-2 Opportunity Land

    Highly visible 1.43 acre C-2 land near Marley Station Mall.

    7911 RITCHIE Highway, Glen Burnie, MD 21061
    View Listing
    Property ID
    US40-1004101
    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
    7.1%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 7911 Ritchie Hwy

    Year built
    1953
    Lot size
    1.43 lot acres
    Zone code
    C2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    03-000-11018000
    APU
    300011018000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $365,000
      6.5%
      $335,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $773,000
      Market price range: $94.3k - $773k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $520,000
      Current use
      AUTO REPAIR, GARAGE
      $905,000
      Change: +74% Conversion: Difficult
      RETAIL STORES
      $880,000
      Change: +69% Conversion: Easy
      MEDICAL BUILDING
      $775,000
      Change: +49% Conversion: Easy
      WAREHOUSE, STORAGE
      $710,000
      Change: +36% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $500,000
      Change: -4% Conversion: Difficult
      OFFICE BUILDING
      $470,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Burnie
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6008
    Latitude
    39.1395
    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
    $10,505
    $961,000
    $1,000
    $962,000
    -
    $961,000
    $1,000
    $962,000

    Comparable in this City

    • Value Estimation by Request
      1,070 SF

      7446 Baltimore Annapolis Blvd

      OFFICE/RESIDENTIAL (MIXED USE)
      7446 Baltimore Annapolis Blvd, Glen Burnie, MD 21061-3547
      View Details
    • Value Estimation by Request
      960 SF

      11 4th SE Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      11 4th SE Ave, Glen Burnie, MD 21061-3611
      View Details
    • Value Estimation by Request
      960 SF

      9 4th SE Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      9 4th SE Ave, Glen Burnie, MD 21061-3611
      View Details
    • Value Estimation by Request
      1,312 SF

      7415 Baltimore Annapolis Blvd

      OFFICE/RESIDENTIAL (MIXED USE)
      7415 Baltimore Annapolis Blvd, Glen Burnie, MD 21061-3511
      View Details
    • Value Estimation by Request
      816 SF

      7048 Aviation Blvd

      OFFICE/RESIDENTIAL (MIXED USE)
      7048 Aviation Blvd, Glen Burnie, MD 21061-2526
      View Details
    • Value Estimation by Request
      1,088 SF

      106 Chestnut Ln

      OFFICE/RESIDENTIAL (MIXED USE)
      106 Chestnut Ln, Glen Burnie, MD 21061-3515
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,479 SF

      Glen Burnie Specialty Property

      3,479 SF specialty property available for sale.
      428 N Crain Hwy, Glen Burnie, MD 21061
      View Details
    • $899,900
      1.43 Acres

      Glen Burnie C-2 Opportunity Land

      Highly visible 1.43 acre C-2 land near Marley Station Mall.
      7911 Ritchie Hwy, Glen Burnie, MD 21061
      View Details
    • $430,000
      1,088 SF

      Glen Burnie Multifamily Property

      Rehabbed duplex near light rail with income potential.
      104 New Jersey Ave NW, 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

    Similar Nearby for Lease

    • Contact for pricing
      7,560 SF

      Glen Burnie Office Space

      7560 sqft coworking and office space in Glen Burnie.
      501 Mccormick Dr, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      32,729 SF

      Glen Burnie Retail Opportunity

      Retail spaces available in Glen Burnie with high visibility.
      310-344 Hospital Dr, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      7,800 SF

      Flex Space Near BWI Airport

      Flex/R&D space with easy access to major transportation routes.
      530 Mccormick Dr, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      2,558 SF

      Glen Burnie Flex Space

      Flex space available in Cromwell Business Park.
      871 Cromwell Park Dr, Glen Burnie, MD 21061
      View Details
    • Contact for pricing
      6,333 SF

      Glen Burnie Shopping Center Space

      217,619 SF shopping center with ample parking.
      7700 Ritchie Hwy, Glen Burnie, MD 21061
      View Details
    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.
    7911 Ritchie Hwy
    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
    7911 Ritchie Hwy, 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!