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

    12216-12240 Tullamore Rd Lutherville Timonium, MD

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

    Retail space

    Type:RETAIL
    Property size:
    3,269 SF
    Lot size:
    6.62 Acres
    Added:
    Mar 25, 2024
    Days on Market:
    743
    Last Refresh:
    Apr 1 at 9:41 pm

    Property Features for 12216-12240 Tullamore Rd

    General Information

    Standard status
    Active
    Size
    3,269 SF
    Lot size
    6.62 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 12216-12240 Tullamore Rd Contact us

    We can help!

    Listing Contact
    Geoffrey Mackler
    Geoffrey Mackler

    Listing agent Geoffrey Mackler

    Listing office H&R Retail - Washington, DC

    Listing date Mar 25, 2024

    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 H&R Retail - Washington, DC

    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lutherville Timonium
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6655
    Latitude
    39.458

    Nearby Similar for Lease

    • $34/mo

      High-Visibility Retail Space Available

      2,500 SF retail space in high-traffic Timonium location.
      2165 York Rd, Lutherville Timonium, MD 21093
      View Details
    • Contact for pricing

      York Road Retail Space Available

      Highly visible 3,895 SF retail space on York Road.
      2045 York Rd, Lutherville Timonium, MD 21093
      View Details
    • Contact for pricing

      York Road Office Space

      Affordable office space with high visibility and ample parking.
      1923 York Rd, Lutherville Timonium, MD
      View Details
    • Contact for pricing

      Lutherville Timonium Lower-Level Office Space

      Lower-level office space for lease in Lutherville Timonium.
      2430 York Rd, Lutherville Timonium, MD
      View Details
    • Contact for pricing

      Freestanding Restaurant/Retail Building For Rent

      Freestanding ±8,350 SF restaurant/retail building on ±1.247 acres.
      60 W Timonium Rd, Lutherville Timonium, MD
      View Details
    • Contact for pricing

      Office Space with Ample Parking

      Office space for rent with high visibility and access.
      1544 York Rd, Lutherville Timonium, MD
      View Details
    • Contact for pricing

      Lutherville Timonium Warehouse Space Available

      Warehouse/industrial property with easy access to major transportation routes.
      2032 Greenspring Dr, Lutherville Timonium, MD
      View Details
    • Contact for pricing

      Lutherville-Timonium Industrial Space Available

      4,200 SF industrial space for rent in Lutherville-Timonium, MD.
      1946 Greenspring Dr, Lutherville-Timonium, MD
      View Details
    • $29/mo

      Greenspring Station Office/Medical Building

      Office/medical building in Greenspring Station area, excellent signage opportunities.
      10801 Tony Dr, Lutherville-Timonium, MD
      View Details
    • Contact for pricing

      Retail Space in Timonium Square

      Retail space available in established Timonium Square shopping center.
      2149-2153 York Rd, Lutherville Timonium, MD
      View Details
    • Contact for pricing

      Retail Space in Grand York Plaza

      Retail space available in renovated Lutherville-Timonium shopping center.
      1811 York Rd, Lutherville-Timonium, MD
      View Details
    • Contact for pricing

      Retail Space in Grand York Plaza

      Retail space available in renovated Lutherville-Timonium shopping center.
      1815-1819 York Rd, Lutherville-Timonium, MD
      View Details

    FAQs

    Where is this retail space located?
    The property is located at 12216-12240 Tullamore Rd Lutherville Timonium, MD.
    What are key features of this property?
    This property features: Central location in the vibrant Mays Chapel community.; Highly visible location on Padonia Road.; Easy accessibility from Cockeysville and Hunt Valley.
    (240) 482-3616 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Geoffrey Mackler
    Geoffrey Mackler
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!