Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Greenleigh Mixed-Use Community Retail/Office Space Title is generated by Realmo AI

    11615 Crossroads Cir, Middle River, MD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex/R&D, office, and retail space in master-planned community.

    Type:OFFICE
    Property size:
    2,562 SF
    Lot size:
    128.23 Acres
    Added:
    Nov 2, 2023
    Days on Market:
    924
    Last Refresh:
    Apr 5 at 9:45 pm

    Property Features for 11615 Crossroads Cir

    General Information

    Standard status
    Active
    Size
    2,562 SF
    Lot size
    128.23 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 11615 Crossroads Cir Contact us

    We can help!

    Listing Contact
    Bill Jautze

    Listing agent Bill Jautze

    Listing office St. John Properties | Central Maryland

    Listing date Nov 2, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of St. John Properties | Central Maryland

    HighLights

    • 1,000‑acre master‑planned mixed‑use community featuring 3,300 residential units.
    • Over 1.8 million square feet of flex/R&D, office, and retail space available.
    • Conveniently located minutes from I‑95 and I‑695, and 15 miles from Baltimore City.
    • Main street‑style shopping center planned with a 75,000 sq. ft. grocery store.
    • Existing retail tenants include restaurants and service providers.
    • Ample parking with 4‑5 spaces per 1,000 sq. ft.

    Overview

    Located on Maryland Route 43 between U.S. Route 40 and Eastern Boulevard in Baltimore County, Greenleigh is a 1,000-acre mixed-use community. It features over 1.8 million square feet of flex/R&D, office, and retail space, along with 3,300 residential units, a 120-suite hotel, and a self-storage facility. The retail area at Greenleigh is designed as a main street-style shopping center, with plans for a 75,000 sq. ft. grocery store. Current retail tenants include Michael’s Cafe, Dunkin’ Donuts, Subway, Royal Farms, Thai Rainbow, Crossroads Wine & Spirits, and Polishes Nails & Spa. The available office space is 100% finished. The building construction is brick on block. Ceiling heights are 16-18 ft. clear for flex spaces and 10 ft. clear for office spaces. Parking provides 4-5 spaces per 1,000 sq. ft. The zoning is ML-IM-M43. Greenleigh is situated minutes from I-95 and I-695, and only 15 miles from Baltimore City, offering immediate access to White Marsh, Perry Hall, Essex, and nearby communities. The property size is 2562 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    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
    -76.4394
    Latitude
    39.3343

    Nearby Similar for Lease

    • $1,250/Mo

      Renovated Office Space Available

      Recently renovated office space with kitchen, bathroom, and utilities included.
      1124-B MIDDLE RIVER Road, MIDDLE RIVER, MD 21220
      View Details
    • $2,200/Mo

      Commercial Space in Middle River

      Commercial space with open floor plan and private rooms.
      12406 EASTERN Avenue, MIDDLE RIVER, MD 21220
      View Details
    • $2,500/Mo

      MIDDLE RIVER Commercial Units Available

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

      Commercial Office Space For Lease

      Office space with four offices, kitchen, bath, and storage.
      15 BOWLEYS QUARTERS Road, MIDDLE RIVER, MD 21220
      View Details
    • Contact for pricing

      Large Storefront in Busy Area

      Spacious commercial space suitable for retail, office, or restaurant.
      2109 OLD OREMS, Middle River, MD 21220
      View Details
    • $2,200/Mo

      Commercial Space with Open Floorplan

      Commercial space with open floor plan and private rooms.
      12406 EASTERN Ave, Middle River, MD 21220
      View Details
    • $1,250/Mo

      Renovated Office Space Available

      Recently renovated office space with kitchen and bathroom for rent.
      1124-B 1124-b Middle River 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

      Office Building For Lease

      Office building with heavy utilities, suitable for support office.
      103 Chesapeake Park Plz, Middle River, MD 21220
      View Details
    • Contact for pricing

      Retail, Medical, Restaurant Space Available

      Flexible leasing opportunities in eastern Baltimore County.
      112 Carroll Island Rd, Middle River, MD 21220
      View Details
    • Contact for pricing

      Greenleigh Office Space Available

      4,051 SF office space for sublease in Middle River.
      11560 Crossroads Circle Middle, River, MD 21220
      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

    FAQs

    What type of property is this?
    Office units - Flex/R&D, office, and retail space in master-planned community.
    Where is this office units located?
    The property is located at 11615 Crossroads Cir Middle River, MD.
    What are key features of this property?
    This property features: 1,000‑acre master‑planned mixed‑use community featuring 3,300 residential units.; Over 1.8 million square feet of flex/R&D, office, and retail space available.; Conveniently located minutes from I‑95 and I‑695, and 15 miles from Baltimore City.
    (301) 682-9215 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bill Jautze
    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
    11615 Crossroads Cir, Middle River, MD
    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!