Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Caves Valley Golf Title is generated by Realmo AI

    3116 BLENDON Road, Owings Mills, MD 21117

    View on Map
    Claim this Listing
    For Sale
    $1,500,000

    LAND - OWINGS MILLS, MD

    Lot size:
    2.57 Acres
    Added:
    Mar 6, 2025
    Days on Market:
    441
    Last Refresh:
    May 21 at 11:06 pm

    Property Features for 3116 BLENDON Road

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    5496

    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 Mar 6, 2025

    MLS# MDBC2120010 Listing URL

    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.

    HighLights

    • Build your dream home on 2.57+\/- acres within the prestigious Caves Valley Golf Course community.
    • Unparalleled privacy and security in a prime location, offering a peaceful retreat.
    • No builder tie‑in, allowing complete customization with your own architect and design.
    • Conveniently located 7‑10 minutes from desired destinations, enhancing lifestyle.
    • Ideal for golf enthusiasts with easy access to the Caves Valley Golf Club.
    • Rare opportunity to build in an established, high‑quality community.

    Overview

    This 2.57+/- acre parcel of land offers privacy, security, and luxury near the Caves Valley Golf Course. With no builder tie-in, this is a rare opportunity to sculpt your vision and bring your architect and design aesthetic to build exactly what you want. Ideal for golf enthusiasts, the property offers a meandering and peaceful approach past the club house to your own private sanctuary. Opportunities to build in a high-quality established community are few and far between. The location is approximately 7 to 10 minutes from various destinations. The well yield and plat information are available in attached documents.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Owings Mills
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.7374951
    Latitude
    39.4546383

    Nearby Similar for Sale

    • $500,000

      Owings Mills Wooded Residential Lot

      5.52-acre corner lot in established community with development potential.
      2204 HARMONY WOODS RD, OWINGS MILLS, MD 21117
      View Details
    • $3,500,000
      3,968 SF

      Retail Property Near Wegmans Foundry

      Freestanding retail buildings and land near Wegmans and Metro Centre.
      10117 REISTERSTOWN ROAD, OWINGS MILLS, MD 21117
      View Details
    • Contact for pricing
      23,260 SF

      Warehouse with Fenced Outside Storage

      23,260 SF warehouse with 1 acre of fenced storage.
      10425A Reisterstown Road Owings, Mills, MD 21117
      View Details
    • $1,100,000

      Secure Land Parcel For Sale

      Fenced land parcel with water/sewer access near I-795.
      6 Easter Ct Owings, Mills, MD 21117
      View Details
    • $1,399,950
      4,156 SF

      High-Visibility Commercial Building on Reisterstown

      Prime commercial building on high-traffic road, ideal for investors.
      11240 Reisterstown Rd, Owings Mills, MD 21117
      View Details
    • $1,574,880
      1,825 SF

      Owings Mills Office Space Available

      Office space for sale in Owings Mills, Maryland.
      8890 McDonogh Rd, Owings Mills, MD
      View Details
    • $5,517,037
      10,000 SF

      Owings Mills Learning Experience Asset

      10,000 SF NNN asset with a long-term lease.
      9300 Lyons Mill Rd, Owings Mills, MD
      View Details
    • $229,900

      Residential Lot in Owings Mills

      0.66 acre level lot with public water/sewer hookup.
      8 Saint Thomas, OWINGS MILLS, MD 21117
      View Details

    FAQs

    What type of property is this?
    Land - 2.57+/- acre land parcel near Caves Valley Golf Course.
    Where is this land located?
    The property is located at 3116 BLENDON Road Owings Mills, MD.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Build your dream home on **2.57+\/- acres** within the prestigious Caves Valley Golf Course community.; Unparalleled privacy and security in a prime location, offering a peaceful retreat.; No builder tie‑in, allowing complete customization with your own architect and design.
    (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

    Thank You for Inquiry
    3116 BLENDON Road, OWINGS MILLS, MD 21117
    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!