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

    2401 Paper Mill Rd Phoenix, MD 21131

    Sponsored
    For Sale
    $185,000

    Lots/Land/Farm - PHOENIX, MD

    Type:Farm
    Lot size:
    3.10 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 3 at 10:06 am

    Property Features for 2401 Paper Mill Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Lot size
    3.10 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dietrich P Onnen

    Long & Foster Real Estate (888) 536-0216

    Listing agent Dietrich P Onnen (888) 536-0216

    Listing date Feb 26, 2026

    MLS# MDBC2152994 Listing URL

    Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land Near Hunt Valley Golf

    This is a rare opportunity to own over 3 private acres of land in a highly desirable location just off Hunt Valley Golf Course in Phoenix, MD. The property, located at 2401 PAPER MILL RD, PHOENIX, MD 21131, previously contained a residence that was removed several years ago. Currently, there is no existing well or septic system on the property. It is noted that due to environmental and soil conditions, the property may be subject to significant building limitations. Prospective buyers are strongly encouraged to conduct their own due diligence with Baltimore County regarding potential uses, including but not limited to buildability, septic approval, and environmental restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom Furniture & Home Goods Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.59422742
    Latitude
    39.51036822

    Nearby Similar for Sale

    • $825,000

      Phoenix Specialty Property For Sale

      Specialty property available in Phoenix, MD.
      10 7 Springs Ct, Phoenix, MD 21131
      View Details
    • $849,000

      Phoenix Specialty Property For Sale

      Specialty property available for purchase in Phoenix, Maryland.
      13607 Bardon Rd, Phoenix, MD 21131
      View Details
    • $899,899

      Phoenix Specialty Property For Sale

      Specialty property available for purchase in Phoenix, Maryland.
      4 7 Springs Ct, Phoenix, MD 21131
      View Details
    • $599,999

      Phoenix Specialty Property For Sale

      Specialty property available in Phoenix, Maryland.
      36 Constantine Dr, Phoenix, MD 21131
      View Details
    • $1,149,999

      Phoenix Specialty Property For Sale

      Specialty property available in Phoenix, MD for sale.
      11 Glenberry Ct, Phoenix, MD 21131
      View Details
    • $1,525,000

      Phoenix Specialty Property For Sale

      Specialty property available for purchase in Phoenix, Maryland.
      51 Blenheim Farm Ln, Phoenix, MD 21131
      View Details
    • $1,199,000

      Phoenix Specialty Property For Sale

      Specialty property available for purchase in Phoenix, Maryland.
      3913 Briar Knoll Cir, Phoenix, MD 21131
      View Details

    FAQs

    What type of property is this?
    Land - 3+ acre lot in Phoenix, MD, near Hunt Valley.
    Where is this land located?
    The property is located at 2401 Paper Mill Rd Phoenix, MD.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: - Over 3 acres of private land.; - Highly desirable location.; - Proximity to Hunt Valley Golf Course.
    (888) 536-0216
    Request Owner's contact information
    2401 Paper Mill Rd Phoenix, MD 21131
    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.
    2401 Paper Mill Rd
    Phoenix, MD 21131
    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
    2401 Paper Mill Rd Phoenix, MD 21131
    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

    We can help!
    Listing Contact
    Dietrich P Onnen
    (888) 536-0216
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!