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    Fulton Commercial Property on Large Lot Title is generated by Realmo AI

    11920 LIME KILN Road, Fulton, MD 20759

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    For Lease
    $4,470/Mo $23 SF/Yr (calc)

    CommercialLease - FULTON, MD

    Type:Retail
    Property size:
    2,300 SF
    Lot size:
    3.08 Acres
    Added:
    May 23, 2026
    Days on Market:
    2
    Last Refresh:
    May 24 at 4:06 am

    Property Features for 11920 LIME KILN Road

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking
    20
    Parking features
    Driveway
    Standard status
    Active
    Size
    2,300 SF
    Lot size
    3.08 Acres

    Utilities

    Heating system
    Hot Water(Heating), Central, Baseboard, Other (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1965
    Number of units
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Miguel F Ruiz
    Miguel F Ruiz

    Listing agent Miguel F Ruiz License #500654

    Listing office RE/MAX Realty Services 15245 SHADY GROVE Road unit: 100, Bethesda, MD

    Listing date May 23, 2026

    MLS# MDHW2068930

    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

    • High‑traffic location next to schools, shopping centers, and residential areas.
    • Large lot (over 3 acres) with ample parking.
    • Versatile B1 zoning allows for various business uses (convenience store, daycare, offices, etc.).
    • Over 2,300 sq ft of space plus a spacious attic for expansion or storage.
    • Existing infrastructure includes reception area, offices, and a large open shop area.
    • Central air conditioning and easily convertible heating system (from oil to heat pump).

    Overview

    This unique commercial property in Fulton, MD, features a large lot spanning over 3 acres with ample parking. The building offers over 2,300 square feet of space, complemented by a spacious attic suitable for storage or additional rooms. The main level includes a reception area, offices, and a large open shop area. The property is equipped with central air conditioning and oil heating, with the potential for conversion to a heat pump system. It operates on a well and septic tank. The property is zoned B1, offering various possibilities with some restrictions due to its proximity to residential areas. Potential uses include a convenience store, pharmacy, daycare center, pet clinic or boarding facility, salon, or medical/dental office. Signage is permitted. Currently used as a printing shop, the property is located next to schools, shopping centers, and residential areas in a high-traffic area. Lease terms are triple net with a minimum of three years, with an option to extend to five years. Interested parties should verify permits with the county.
    Property Profile Location Intelligence

    Current Use by Public Records

    Outer Office Marketing & Advertising

    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
    Fulton
    County
    Howard
    State
    Maryland
    Longitude
    -76.92543
    Latitude
    39.15203

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    FAQs

    What type of property is this?
    Retail space - Commercial space on 3+ acres, ideal for various businesses.
    Where is this retail space located?
    The property is located at 11920 LIME KILN Road Fulton, MD.
    What is the lease rate?
    The lease rate is $4,470 /Mo.
    What are key features of this property?
    This property features: High‑traffic location next to schools, shopping centers, and residential areas.; Large lot (over 3 acres) with ample parking.; Versatile B1 zoning allows for various business uses (convenience store, daycare, offices, etc.).
    (301) 537-7063
    We can help!
    Listing Contact
    Miguel F Ruiz
    Miguel F Ruiz
    Real Estate License ID: 500654
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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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    11920 LIME KILN Road, FULTON, MD 20759
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