Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    18 Stone Chapel Ln Pikesville, MD 21208

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $499,990

    Versatile church with stained-glass windows, assembly hall, and commercial kitchen.

    Lot size:
    2.00 Acres

    Property Features for 18 Stone Chapel Ln

    General Information

    Lot size
    2.00 Acres

    Building Details

    Year built
    1862

    We can help!

    Listing Contact
    Michael J Schiff
    Source: Elliman

    Listing Agent: Michael J Schiff

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

    Learn more

    Property Insight Report

    Overview

    Historic Church on Spacious Lot

    This church, constructed in 1862, is situated on a 2-acre lot. Architectural features include stained-glass windows and stately columns. The property provides parking and includes a commercial kitchen suitable for hosting events and community gatherings. A large assembly hall with a stage is present. The lower level features a large area with a dedicated nursery space. An historic cemetery with headstones dating back to the early 1800s is located on the property. This church offers a versatile space with historical charm and beauty.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office 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
    Pikesville
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.74259
    Latitude
    39.393062

    Nearby Similar for Sale

    • Contact for pricing
      26,847 SF

      Pikesville Retail Investment Opportunity

      8,900 SF top floor available in remodeled Pikesville property.
      1401 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • $64,944

      Bright Studio Apartment with Balcony

      Turnkey studio with stainless steel appliances and corner balcony.
      11 Slade 614, Pikesville, MD 21208
      View Details
    • $40,000

      Pikesville Apartment with Updated Kitchen

      Full-service Pikesville apartment with updated kitchen and oversized balcony.
      11 Slade Ave, Pikesville, MD 21208
      View Details
    • $395,000
      2,784 SF

      Retail Space on Reisterstown Road

      2,784 SF retail space with high traffic and parking.
      1416 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • $4,900,000

      Pikesville Specialty Property For Sale

      Specialty property available for purchase in Pikesville, Maryland.
      6 Evan Way, Pikesville, MD 21208
      View Details
    • $2,600,000
      19,500 SF

      Pikesville Office Building For Sale

      19,500 sqft office building in Pikesville, Maryland.
      110 Sudbrook Ln, Pikesville, MD 21208
      View Details
    • $589,990

      Pikesville Specialty Property For Sale

      Specialty property available for purchase in Pikesville, Maryland.
      224 Birdie Ct, Pikesville, MD 21208
      View Details
    • $1,750,000

      Pikesville Specialty Property For Sale

      Specialty property available in Pikesville, Maryland.
      3410 Woodvalley Dr, Pikesville, MD 21208
      View Details
    • $420,000

      Prince George Road Property

      Specialty property for sale on Prince George Road.
      7449 Prince George Rd, Pikesville, MD 21208
      View Details
    • $899,900

      Pikesville Specialty Property For Sale

      Specialty property available for purchase in Pikesville, Maryland.
      3207 Midfield Rd, Pikesville, MD 21208
      View Details
    • $319,990

      Pikesville Specialty Property For Sale

      Specialty property available for purchase in Pikesville, Maryland.
      4604 Old Court Rd, Pikesville, MD 21208
      View Details
    • $367,000

      Pikesville Specialty Property For Sale

      Specialty property available for purchase in Pikesville, Maryland.
      4209 Lowell Dr, Pikesville, MD 21208
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Versatile church with stained-glass windows, assembly hall, and commercial kitchen.
    Where is this church & religious facility located?
    The property is located at 18 Stone Chapel Ln Pikesville, MD.
    What is the asking price?
    The asking price for this property is $499,990.
    What are key features of this property?
    This property features: - Spacious 2-acre lot; - Large Assembly Hall with stage; - Ample parking
    (410) 404-8836
    Request Owner's contact information
    18 Stone Chapel Ln Pikesville, MD 21208
    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.
    18 Stone Chapel Ln
    Pikesville, MD 21208
    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
    18 Stone Chapel Ln Pikesville, MD 21208
    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
    Michael J Schiff
    Real Estate License ID: 596243
    (410) 404-8836
    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.