Add Listing
    For Lease
    • 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

    11655 Crossroads Cir Middle River, MD

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    7,115 SF conditioned warehouse with drive-in and dock doors.

    Property size:
    23,100 SF
    Lot size:
    128.23 Acres

    Property Features for 11655 Crossroads Cir

    General Information

    Size
    23,100 SF
    Lot size
    128.23 Acres

    We can help!

    Listing Contact
    Matt Lenihan
    Source: Moodyscre

    Listing Agency: St. John Properties - Corporate Listing Agent: Matt Lenihan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Conditioned Warehouse Space Available

    Located in the master-planned, mixed-use community of Greenleigh, this property offers 7,115 square feet of conditioned warehouse space. Greenleigh, situated on Maryland Route 43 between U.S. Route 40 and Eastern Boulevard in Baltimore County, encompasses 1,000 acres and includes over 1.8 million square feet of flex/R&D, office, and retail space, along with 2,200 residential units, a 120-suite hotel, and a self-storage facility. The property features one drive-in door and one dock door. Ceiling heights are 16-18 feet clear for flex spaces and 10 feet clear for office areas. Parking is available at a ratio of 4-5 spaces per 1,000 square feet. The construction is brick on block. Greenleigh's retail area includes a main street-style shopping center with plans for a 75,000 square foot grocery store. Current retail tenants include Michael’s Cafe, Dunkin’ Donuts, Subway, Royal Farms, Thai Rainbow, Crossroads Wine & Spirits, and Polishes Nails & Spa. With immediate access to White Marsh, Perry Hall, Essex, and nearby communities, Greenleigh is located minutes from I-95 and I-695, and only 15 miles from Baltimore City. The zoning is ML-IM-M43.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Middle River
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4394056
    Latitude
    39.3342744

    Nearby Similar for Lease

    • $2,800 /Mo
      22,216 SF

      Commercial Office Space For Lease

      Office space with four offices, kitchen, bath, and storage.
      15 Bowleys Quarters Rd, Middle River, MD 21220
      View Details
    • $2,200 /Mo
      18,731 SF

      Commercial Space in Middle River

      Versatile commercial space suitable for various business types.
      12406 Eastern Ave, Middle River, MD 21220
      View Details
    • $2,500 /Mo
      56,192 SF

      MIDDLE RIVER Commercial Units Available

      Multiple commercial and residential units available for lease in MIDDLE RIVER.
      11415 Eastern Ave, Middle River, MD 21220
      View Details
    • $2,800 /Mo

      Office Space with Full Amenities

      Office space featuring four offices, kitchen, bath, and storage.
      15 Bowleys Quarters Rd, Middle River, MD 21220
      View Details
    • $2,200 /Mo

      Commercial Space Ready For Rent

      Commercial space with open floor plan and private rooms.
      12406 Eastern Ave, Middle River, MD 21220
      View Details
    • Contact for pricing
      8,256 SF

      Flex/R&D, Office & Retail Space

      Located in Greenleigh, a 1,000-acre mixed-use community.
      12 Irondale St, Middle River, MD
      View Details
    • $2,800 /Mo

      Commercial Office Space For Lease

      Office space with four offices, kitchen, bath, and storage.
      15 Bowleys Quarters Rd, Middle River, MD 21220
      View Details
    • Contact for pricing
      115,000 SF

      Middle River Warehouse Space Available

      115,000 sqft warehouse/industrial space for lease in Middle River.
      3407 Carroll Island Rd, Middle River, MD 21220
      View Details
    • Contact for pricing
      45,761 SF

      45,000 SF Industrial Warehouse

      Stand-alone, fully conditioned warehouse with ample parking and storage.
      103 Chesapeake Park Plz, Middle River, MD 21220
      View Details
    • Contact for pricing
      2,758 SF

      Greenleigh Retail and Office Space

      Located in a mixed-use community with retail and office spaces.
      405 Williams Ct, Middle River, MD 21261
      View Details
    • Contact for pricing
      2,545 SF

      Flex/R&D Space Available for Lease

      Flex/R&D, retail, and office space in mixed-use community.
      10460 Campbell Blvd, Middle River, MD 21236
      View Details
    • Contact for pricing
      3,744 SF

      Flex, Office, and Retail Space

      Located in a 1,000-acre mixed-use community.
      415 Williams Ct, Middle River, MD 21261
      View Details

    FAQs

    What type of property is this?
    Flex space - 7,115 SF conditioned warehouse with drive-in and dock doors.
    Where is this flex space located?
    The property is located at 11655 Crossroads Cir Middle River, MD.
    What are key features of this property?
    This property features: - Located in Greenleigh, a 1,000-acre master-planned mixed-use community.; - Excellent location with immediate access to White Marsh, Perry Hall, Essex, I-95 and I-695.; - Features a main street-style shopping center with diverse retail tenants.
    (410) 788-0100 Call to check price and availability
    Request Owner's contact information
    11655 Crossroads Cir Middle River, MD
    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.
    11655 Crossroads Cir
    Middle River, MD
    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
    11655 Crossroads Cir Middle River, MD
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Lenihan
    (410) 788-0100
    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!