Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2038 Liberty Rd Sykesville, MD 21784

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,000

    Commercial land with building in Southern Carroll County location.

    Lot size:
    1.07 Acres

    Property Features for 2038 Liberty Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.07 Acres

    Building Details

    Year built
    1961

    We can help!

    Listing Contact
    Sylvia L Rollins-Jones
    Source: Elliman

    Listing Agency: LONG & FOSTER REAL ESTATE, INC. Listing Agent: Sylvia L Rollins-Jones

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

    Learn more

    Overview

    Commercial Land in Prime Location

    This property features 46,760 square feet (1.073 acres) of commercial land in a prime location in Southern Carroll County. It is currently one deed with two separate tax IDs. One lot, A&B, totals approximately 27,400 square feet. The second tax record, Lot C, has a land area of 19,360 square feet with a 2,558 square foot above-grade building, plus a finished lower level with a ground-level walkout. The property is situated on the corner of Liberty Road and Locust Lane and has four entrances, two from Liberty Road and two on Locust Lane. It is within walking distance to a strip shopping center, daycare, carry-out, grocery store, retail, and restaurants, and less than one mile to Walmart, Starbucks, Michaels, and other national retailers. There are several parking spaces. The property currently has two separate tax ID numbers (lots A&B and lot C) and is being sold together. The possibilities are many on this commercial land area.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sykesville
    County
    Carroll
    State
    Maryland
    Longitude
    -76.9223921
    Latitude
    39.3969876

    Nearby Similar for Sale

    • New
      $234,900

      Sykesville Condo with Garden View

      Move-in ready 2 bed, 2 bath condo in Sykesville, MD.
      2001 Rudy Serra Dr, Sykesville, MD 21784
      View Details
    • $679,000

      Sykesville Office Building For Sale

      5,600 SF office building available in Sykesville, Maryland.
      1319 Lee Ln, Sykesville, MD 21784
      View Details
    • $875,000
      Pending

      Heritage Farms Court Property

      Property for sale in Sykesville, Maryland.
      1251 Heritage Farms Ct, Sykesville, MD 21784
      View Details
    • $611,720
      Pending

      Sykesville Specialty Property For Sale

      Specialty property available for purchase in Sykesville, Maryland.
      5234 Helton Dr, Sykesville, MD 21784
      View Details
    • $612,830
      Pending

      Luxury 55+ Villas

      To be built luxury villa in active adult community.
      6060 Lancing Dr, Sykesville, MD 21784
      View Details
    • $539,795
      Pending

      Luxury 55+ Villas To Be Built

      Luxury 55+ villas with main-level living in active adult community.
      6045 Lancing Dr, Sykesville, MD 21784
      View Details
    • $606,925
      Pending

      Luxury 55+ Villas For Sale

      To be built luxury 55+ villas with wooded views.
      6044 Lancing Dr, Sykesville, MD 21784
      View Details
    • Contact for pricing
      1.03 Acres

      3868 Sykesville Rd, Sykesville, MD 21784

      Commercial real estate • 1.03 Acres
      3868 Sykesville Rd, Sykesville, MD 21784
      View Details
    • $2,200,000
      6,392 SF

      Sykesville Industrial Property - MD

      Spacious industrial building, 1.57 acres. Great Sykesville location.
      881 Sandosky Rd, Sykesville, MD 21784
      View Details
    • $1,600,000
      3,478 SF

      Sykesville Mixed-Use Commercial Corner

      High-yield investment, strong rental income.
      2808 Liberty Rd, Sykesville, MD 21784
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with building in Southern Carroll County location.
    Where is this commercial land located?
    The property is located at 2038 Liberty Rd Sykesville, MD.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - 1.073 acres of commercial land in a prime location in Southern Carroll County.; - Corner lot on Liberty Rd and Locust Lane with high visibility.; - Existing 2558 SF above-grade building with finished lower level and ground-level walkout on Lot C.
    (410) 524-1700
    Request Owner's contact information
    2038 Liberty Rd Sykesville, MD 21784
    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.
    2038 Liberty Rd
    Sykesville, MD 21784
    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
    2038 Liberty Rd Sykesville, MD 21784
    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
    Sylvia L Rollins-Jones
    (410) 524-1700 (410) 795-9600 (410) 868-2233
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!