Add Listing
    For Sale
    • 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

    13312 Hanover Pike Reisterstown, MD 21136

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,200,000

    Six lots totaling 84.67 acres in a central location.

    Type:Land or Vacant Lot
    Lot size:
    17.83 Acres
    Added:
    Apr 2, 2025
    Days on Market:
    390
    Last Refresh:
    Apr 5 at 9:33 pm

    Property Features for 13312 Hanover Pike

    General Information

    Standard status
    Active
    Lot size
    17.83 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    COOKIE STONE

    Listing agent COOKIE STONE License #31613

    Listing office LONG & FOSTER REAL ESTATE, INC.

    Listing date Apr 2, 2025

    Source Corcoran

    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 LONG & FOSTER REAL ESTATE, INC.

    Overview

    84.67 Acres of Land

    This offering comprises six lots, totaling 84.67 acres. The individual lots are sized as follows: Lot 2 (17.83 acres), Lot 3 (10.48 acres), Lot 4 (13.99 acres), Lot 5 (11.56 acres), Lot 6 (14.15 acres), and Lot 7 (16.59 acres). The property is situated in a central location, with typical driving times of 15 to 20 minutes to Hampstead, Westminster, Owings Mills, and Hunt Valley.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Building Supply Car Rental Facility Veterinary Clinic Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Reisterstown
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.834
    Latitude
    39.4896

    Nearby Similar for Sale

    • $355,000

      Versatile Commercial Property in Reisterstown

      CB-zoned property suitable for retail, office, or service businesses.
      635 MAIN ST, REISTERSTOWN, MD 21136
      View Details
    • $599,747

      Residential Land in Medford Community

      Large lot in sought-after community with well in place.
      1 NORFOLK Court, REISTERSTOWN, MD 21136
      View Details
    • Contact for pricing

      Renovated Office Building on Main

      Renovated office building with drive-in garage and flexible workspace.
      406 Main Street, Reisterstown, MD 21136
      View Details
    • $250,000

      Land in Reisterstown, Maryland

      Half acre lot near Glyndon and Reisterstown.
      131 WESTMINSTER Road, REISTERSTOWN, MD 21136
      View Details
    • $950,000

      Subdividable Land in Wellington Valley

      6.6 acre lot with development potential in Reisterstown, MD.
      2201 Knox Ave, REISTERSTOWN, MD 21136
      View Details
    • $1,500,000
      1,566 SF

      Prime Land Near Urban Amenities

      140+ acres near I-795 with farmhouse and development potential.
      1021 Saffell Rd, REISTERSTOWN, MD 21136
      View Details
    • $575,000
      2 SF

      Land Parcel For Sale

      Two-acre land parcel available for purchase.
      11640 Red Run Boulevard, Reisterstown, MD 21136
      View Details
    • $4,995,000
      9,017 SF

      Turnkey Equestrian Estate on 117 Acres

      Equestrian estate with barns, paddocks, pool, tennis court on 117 acres.
      13401 Longnecker Rd, REISTERSTOWN, MD 21136
      View Details
    • $3,500,000
      3,968 SF

      Owings Mills Development Site

      Prime retail and residential development site in Owings Mills.
      10117 Reisterstown Rd, Reisterstown, MD
      View Details
    • $599,747

      Land in Baltimore County

      Land available for sale in Baltimore County, Maryland.
      1 Norfolk Ct, Reisterstown, MD 21136
      View Details
    • $24,000,000
      119,601 SF

      Reisterstown Retail Property for Sale

      Large retail property available in Reisterstown, Maryland.
      2 Chartley Dr, Reisterstown, MD
      View Details

    FAQs

    What type of property is this?
    Land - Six lots totaling 84.67 acres in a central location.
    Where is this land located?
    The property is located at 13312 Hanover Pike Reisterstown, MD.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Total of 6 lots comprising 84.67 acres.; Good central location, a 15‑20 minute drive to Hampstead, Westminster, Owings Mills, and Hunt Valley.; Lot 2: 17.83 acres
    (410) 833-5400
    We can help!
    Listing Contact
    COOKIE STONE
    Real Estate License ID: 31613
    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!