Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9700-9706 Middle Mill Dr Owings Mills, MD 21117

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available in a densely populated, high-income area.

    Property size:
    1,290 SF
    Lot size:
    12.51 Acres

    Property Features for 9700-9706 Middle Mill Dr

    General Information

    Size
    1,290 SF
    Lot size
    12.51 Acres

    We can help!

    Listing Contact
    Matt Copeland
    Matt Copeland
    Source: Moodyscre

    Listing Agent: Matt Copeland

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

    Learn more

    Overview

    Retail Space in Owings Mills

    Available retail spaces include 60,985 square feet, 1,290 square feet, and 1,144 square feet. One of the available spaces is a second-generation barber/salon. The property is located within a densely populated area characterized by strong household incomes. New Town Village functions as the town center of a master-planned community.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Owings Mills
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.8085919
    Latitude
    39.4065014

    Nearby Similar for Lease

    • $4,200 /Mo
      34,412 SF

      Renovated Historic Office Building Lease

      Renovated historic office building with private parking in Owings Mills.
      9416 - A - James Macgowan Ln, Owings Mills, MD 21117
      View Details
    • $800 /Mo
      34,412 SF

      Renovated Office Suites in Owings Mills

      Beautifully renovated office suites available in historic Owings Mills building.
      9416 James Macgowan Ln, Owings Mills, MD 21117
      View Details
    • $850 /Mo
      69,696 SF

      Owings Mills Private Office Space

      Private office in busy shopping center, short-term lease available.
      10999 Red Run Blvd, Owings Mills, MD 21117
      View Details
    • $2,450 /Mo
      1,620 SF

      Charming Townhouse with Finished Basement

      Move-in ready townhouse with modern amenities and flexible lease terms.
      8153 Greenspring Valley Rd, Owings Mills, MD 21117
      View Details
    • Contact for pricing
      2,010 SF

      Owings Mills Flex/Industrial Space

      Flex/industrial space with loading and convenient amenities in Owings Mills.
      10715 Red Run Blvd, Owings Mills, MD 21117
      View Details
    • Contact for pricing
      4,200 SF

      Owings Mills Flex/Industrial Space

      Flex/industrial space with easy access to major routes.
      10711 Red Run Blvd, Owings Mills, MD 21117
      View Details
    • $23 SF/Yr
      178,000 SF

      Class A Office Building

      Class A office space with amenities and highway access.
      10461 Mill Run Cir, Owings Mills, MD 21117
      View Details
    • Contact for pricing
      31,753 SF

      Owings Mills Office Space Available

      Office space for rent in a well-located business park.
      10800 Red Run Blvd, Owings Mills, MD 21117
      View Details
    • Contact for pricing
      2,076 SF

      Owings Mills Office Space Available

      Two-story office building with modern amenities in Owings Mills.
      10065 Red Run Blvd, Owings Mills, MD 21117
      View Details
    • $8,394 /Mo

      Renovated Office Space For Rent

      Renovated commercial office space available for lease.
      3706 Crondall Ln, Owings Mills, MD 21117
      View Details
    • Contact for pricing
      10,225 SF

      Owings Mills Office Space Available

      Office space for rent with easy highway and amenity access.
      10705 Red Run Blvd, Owings Mills, MD 21117
      View Details
    • Contact for pricing
      1,089 SF

      Two-Story Office Building For Rent

      Two-story office building in a 14-acre Class A office complex.
      10055 Red Run Blvd, Owings Mills, MD 21117
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available in a densely populated, high-income area.
    Where is this retail space located?
    The property is located at 9700-9706 Middle Mill Dr Owings Mills, MD.
    What are key features of this property?
    This property features: - Strong household incomes located within a densely populated area; - Available space: 60,985 SF; - New Town Village acts as the town center of this master-planned community
    (410) 321-0100
    Request Owner's contact information
    9700-9706 Middle Mill Dr Owings Mills, MD 21117
    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.
    9700-9706 Middle Mill Dr
    Owings Mills, MD 21117
    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
    9700-9706 Middle Mill Dr Owings Mills, MD 21117
    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!
    Listing Contact
    Matt Copeland
    Matt Copeland
    (410) 321-0100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.