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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8776 Philadelphia Rd Baltimore, MD 21237-2308

    • Bars
    • 7,888 SF
    • 0.67 lot acres
    OFF-MARKET
    Last Sale
    May 31, 2024
    Value Estimations
    $1,290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-2366695
    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

    • Dellis' Restaurant Bar & Grill / Restaurant / Seafood Restaurant

    Property Details for 8776 Philadelphia Rd

    Construction
    BRICK
    Lot size
    0.67 lot acres
    Property size
    7,888 SF
    Zone code
    BRCNS
    Property type
    Bars
    Property subtype
    Pubs
    APN
    14-1422046228
    APU
    141422046228

    Description

    This exceptional investment opportunity presents a unique blend of commercial and residential properties in the thriving Rosedale, Maryland market. The offering encompasses a fully operational car wash facility, built in 2019, boasting 3,400 square feet of space within a larger 11,288 square foot building complex situated on a substantial 1.816-acre lot (79,092 square feet). The car wash is complemented by an existing restaurant, Dellis Restaurant Bar & Grill, occupying 3,944 square feet on the first floor of a two-story building. Above the restaurant are four individual, two-bedroom, one-bathroom apartments, each with separately metered electric service. The property is zoned BL-AS and features a 16-foot ceiling height in the car wash building. The car wash and restaurant are currently operational, offering immediate income potential. The property's location on Philadelphia Road in Rosedale, Baltimore County (zip code 21237), benefits from high daily traffic volume exceeding 74,000 cars, making it an ideal location for a variety of commercial ventures. The property is available for occupancy on March 6, 2024. Detailed due diligence materials are available upon execution of a confidentiality agreement. This presents a rare chance to acquire a multi-faceted property in a high-growth area of Baltimore County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,154,000
      Market price range: $581k - $1.42M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,795,000
      Current use
      AUTO REPAIR, GARAGE
      $1,820,000
      Change: +1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,735,000
      Change: -3% Conversion: Easy
      OFFICE BUILDING
      $1,535,000
      Change: -14% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,445,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4847
    Latitude
    39.3411
    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
    $30,281
    $586,000
    $946,300
    $1,532,300
    -
    $586,000
    $946,300
    $1,532,300

    Comparable in this City

    • Value Estimation by Request
      3,488 SF

      8013 Philadelphia Rd

      BAR, TAVERN • 3,488 SF
      8013 Philadelphia Rd, Rosedale, MD 21237-2621
      View Details
    • Value Estimation
      $610,000
      2,202 SF

      8209 Pulaski Hwy

      BAR, TAVERN • 2,202 SF
      8209 Pulaski Hwy, Rosedale, MD 21237-2845
      View Details
    • Value Estimation by Request
      1,482 SF

      8036 Philadelphia Rd

      RESTAURANT • 1,482 SF
      8036 Philadelphia Rd, Baltimore, MD 21237-2622
      View Details
    • Value Estimation
      $1,040,000
      4,282 SF

      8200 Pulaski Hwy

      RESTAURANT • 4,282 SF
      8200 Pulaski Hwy, Rosedale, MD 21237-2852
      View Details
    • Value Estimation by Request
      3,028 SF

      8660 Pulaski Hwy, Unit 2

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,028 SF
      8660 Pulaski Hwy, Baltimore, MD 21237-3063
      View Details
    • Value Estimation
      $515,000
      3,280 SF

      6309 Kenwood Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,280 SF
      6309 Kenwood Ave, Rosedale, MD 21237-2022
      View Details

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      Commercial Land For Sale

      Commercial land available for sale.
      8107 Philadelphia Rd, Baltimore, MD 21237
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    Similar Nearby for Lease

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      158,678 SF

      Golden Ring Plaza Retail Space

      Baltimore Restaurant Space Available
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      Prime Retail Pad Site in Baltimore

      Exceptional Single-Tenant Retail Opportunity
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      Retail space in high-traffic strip mall with ample parking.
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      Grocery-anchored shopping center with storage/flex space for rent.
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      View Details
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    8776 Philadelphia Rd
    Baltimore, MD 21237-2308
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    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
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