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    Property profile & analytics

    9015 Liberty Rd Randallstown, MD 21133-3916

    • Office buildings
    • 1,905 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    4.6%
    Office buildings
    Location Intelligence
    Property ID
    US40-0128441
    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

    • Office buildings

    Property Details for 9015 Liberty Rd

    Year built
    1942
    Construction
    BRICK
    Lot size
    0.28 lot acres
    Property size
    1,905 SF
    Zone code
    RO
    Property type
    Office buildings
    APN
    02-0219711040
    APU
    20219711040

    Description

    This exceptional investment opportunity presents a two-unit commercial building ideally situated on Liberty Road in Randallstown, Maryland. The property boasts a total lot size of 0.28 acres and offers significant rental income potential. The building comprises two distinct units, each with its own separate entrance directly facing Liberty Road, ensuring high visibility and accessibility for tenants. The ground floor unit is currently leased for $1200 per month, while the upper unit commands a monthly rent of $1450. Both units are versatile and suitable for a variety of uses, including but not limited to small churches, offices, and retail businesses. This makes the property attractive to a diverse range of potential tenants, minimizing vacancy risk and maximizing return on investment. The building's location on a busy thoroughfare guarantees high traffic volume and excellent exposure. A key advantage is the inclusion of heating and water in the monthly rental rates, reducing tenant expenses and increasing the property's appeal. This turnkey investment opportunity offers immediate cash flow and strong potential for future appreciation. The property is ready for a new owner to capitalize on its existing income stream and explore further development opportunities. Serious inquiries are encouraged to explore this promising investment prospect. The property is being offered as-is.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $235,000
      6.5%
      $220,000
      7%
      $205,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $309,000
      Market price range: $295k - $671k
      AI Estimate
      $220,000
      Market price range: $154k - $492k

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

    Location Insight

    • Map
    • Local Demand
    City
    Randallstown
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.7969
    Latitude
    39.3676
    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
    $1,700
    $107,000
    $101,400
    $208,400
    -
    $107,000
    $101,400
    $208,400

    Comparable in this City

    • Value Estimation
      $970,000
      3,300 SF

      9331 Liberty Rd

      OFFICE BUILDING • 3,300 SF
      9331 Liberty Rd, Randallstown, MD 21133-3525
      View Details
    • Value Estimation
      $325,000
      3,844 SF

      10610 Liberty Rd

      OFFICE BUILDING • 3,844 SF
      10610 Liberty Rd, Randallstown, MD 21133-1215
      View Details
    • Value Estimation
      $300,000
      924 SF

      9017 Liberty Rd

      OFFICE BUILDING • 924 SF
      9017 Liberty Rd, Randallstown, MD 21133-3918
      View Details
    • Value Estimation
      $335,000
      3,152 SF

      8629 Liberty Rd

      OFFICE BUILDING • 3,152 SF
      8629 Liberty Rd, Randallstown, MD 21133-4713
      View Details
    • Value Estimation by Request
      2,565 SF

      8930 Liberty Rd

      OFFICE BUILDING • 2,565 SF
      8930 Liberty Rd, Randallstown, MD 21133-4234
      View Details
    • Value Estimation
      $425,000
      10,416 SF

      3400 Barry Paul Rd

      OFFICE BUILDING • 10,416 SF
      3400 Barry Paul Rd, Randallstown, MD 21133-5161
      View Details

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      Randallstown Specialty Property for Sale

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    • $2,087,000
      1.38 Acres

      Liberty Road Industrial Complex

      14,200 SF Industrial Property, MD
      9314 Liberty Rd, Randallstown, MD 21133
      View Details
    • $30,000
      0.14 Acres

      Residential Parcel in Randallstown, MD

      0.138-acre residential parcel with access to Baltimore Beltway.
      4812 Valley Forge Rd, Randallstown, MD 21133
      View Details
    • Contact for pricing
      5,000 SF

      Retail Building with Large Parking

      5,000 SF retail building with 20,000 SF parking lot.
      9324 Liberty Rd, Randallstown, MD 21133
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      21,769 SF

      Old Court Road Office Space

      Randallstown Office Suites, 806-1800 SF
      5310 Old Court Rd, Randallstown, MD 21133
      View Details
    • $18 SF/Yr
      2,200 SF

      Randallstown Retail, Restaurant, Office Spaces

      Retail, restaurant, and office spaces available in Randallstown, MD.
      3637-3695 Offutt Rd, Randallstown, MD 21133
      View Details
    • Contact for pricing
      113,516 SF

      Randallstown Plaza Restaurant Space

      Prime Restaurant/Retail Space in MD
      3653 Offutt Rd, Randallstown, MD 21133
      View Details
    • $15 SF/Yr
      17,000 SF

      Liberty Road Commercial Space

      Versatile Office/Warehouse in Randallstown, MD
      9405 Liberty Rd, Randallstown, MD 21133
      View Details
    • Contact for pricing
      3,000 SF

      Randallstown Retail Space Available

      Retail space available in Randallstown's premier shopping center.
      8606-8660 Liberty Rd, Randallstown, MD 21133
      View Details
    • Contact for pricing
      13,846 SF

      Randallstown Retail Space For Rent

      Retail space available near Liberty Plaza and Liberty Court.
      3506 Brenbrook Dr, Randallstown, MD 21133
      View Details
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    Randallstown, MD 21133-3916
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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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