Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 NORFOLK Court Reisterstown, MD 21136

    View on Map
    For Sale
    $599,747

    LAND - REISTERSTOWN, MD

    Lot size:
    1.13 Acres
    Added:
    Jun 23, 2025
    Days on Market:
    283
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for 1 NORFOLK Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.13 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    3562

    We can help!

    Listing Contact
    Heidi S Krauss

    Listing agent Heidi S Krauss License #525124

    Listing office Krauss Real Property Brokerage 3 SHAWAN Road, HUNT VALLEY, MD

    Listing date Jun 23, 2025

    MLS# MDBC2132038

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Medford Community

    This 1.13-acre lot is one of the last available in the Medford community. It features a large building envelope and a well with a yield of 4.10 GPM from 2004. The lot is perced and in the process of being revalidated, with documentation available. There is no builder tie-in. The lot is flat and usable; clearing the building envelope leaves a mature woodland perimeter, offering privacy. Located in the Falls Road Corridor, it provides access to John Browns Store, Misty Valley Farms, Hunt Valley Town Center, and 83. The property is subject to architectural covenants and restrictions, allowing for the creation of a custom home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store Department Store Food Market Cafe & Coffee Shop Daycare Center Butcher

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reisterstown
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.7205868
    Latitude
    39.4873638

    Nearby Similar for Sale

    • $355,000

      Versatile Commercial Property in Reisterstown

      CB-zoned property suitable for retail, office, or service businesses.
      635 MAIN ST, REISTERSTOWN, MD 21136
      View Details
    • $250,000

      Land in Reisterstown, Maryland

      Half acre lot near Glyndon and Reisterstown.
      131 WESTMINSTER Road, REISTERSTOWN, MD 21136
      View Details
    • $1,100,000

      Reisterstown Specialty Property for Sale

      Specialty property available for purchase in Reisterstown, Maryland.
      7 BUTLER RD, Reisterstown, MD 21136
      View Details
    • $1,500,000
      1,566 SF

      Prime Land Near Urban Amenities

      140+ acres near I-795 with farmhouse and development potential.
      1021 Saffell Rd, REISTERSTOWN, MD 21136
      View Details
    • $2,200,000

      Land/Farm in Reisterstown, Maryland

      84.67 acres of land centrally located near multiple cities.
      13312 HANOVER PIKE, REISTERSTOWN, MD 21136
      View Details
    • $575,000
      2 SF

      Land Parcel For Sale

      Two-acre land parcel available for purchase.
      11640 Red Run Boulevard, Reisterstown, MD 21136
      View Details
    • $4,995,000
      9,017 SF

      Turnkey Equestrian Estate on 117 Acres

      Equestrian estate with barns, paddocks, pool, tennis court on 117 acres.
      13401 Longnecker Rd, REISTERSTOWN, MD 21136
      View Details
    • $3,500,000
      3,968 SF

      Owings Mills Development Site

      Prime retail and residential development site in Owings Mills.
      10117 Reisterstown Rd, Reisterstown, MD
      View Details
    • $24,000,000
      119,601 SF

      Reisterstown Retail Property for Sale

      Large retail property available in Reisterstown, Maryland.
      2 Chartley Dr, Reisterstown, MD
      View Details
    • $2,200,000

      84.67 Acres of Land

      Six lots totaling 84.67 acres in a central location.
      13312 Hanover Pike, REISTERSTOWN, MD 21136
      View Details

    FAQs

    What type of property is this?
    Land - Large lot in sought-after community with well in place.
    Where is this land located?
    The property is located at 1 NORFOLK Court Reisterstown, MD.
    What is the asking price?
    The asking price for this property is $599,747.
    What are key features of this property?
    This property features: One of the last lots in the sought‑after Medford community.; Well in place with a strong yield (4.10 GPM).; Lot is perced and in process of being revalidated.
    (410) 935-6881
    We can help!
    Listing Contact
    Heidi S Krauss
    Real Estate License ID: 525124
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!