Retail Shopping
1510 REISTERSTOWN RD Pikesville, MD 21208
For Sale
Contact for pricing
For sale retail property with a stated 7.25% cap rate.
Property Size24,741 SF
Price / SF$397.72
Days on Market82
Property Features for 1510 REISTERSTOWN RD
General Information
Standard status
Active
Size
24,741 SF
Property subtype
Retail
Building Details
Year Built
1982
Listing Agency:
SRS Real Estate Partners McLean
(202) 286-1542
Listed By:
Andrew Fallon · License #PA RSR006585
Source:
Crexi
Added: May 7
Changed: Jul 23
Last Checked: Jul 26 at 2:39PM
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 SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
This is a for-sale retail shopping center totaling 24,741 square feet, with public remarks indicating a 7.25% cap rate. The property is listed for $9,840,000.
The asset is located at 1510 Reisterstown Rd in Pikesville, Maryland.
The asset is located at 1510 Reisterstown Rd in Pikesville, Maryland.
Key Highlights
- Retail property built in 1982
- Stated 7.25% cap rate
- 24,741 SF building
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $534.4k | $21.60 |
| − Vacancy | −$34.1k | −$1.38 |
| EGI | $500.3k | $20.22 |
| − OpEx | −$150.1k | −$6.07 |
| NOI | $350.2k | $14.15 |
24,741 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.00M
$4.38M – $5.84M
NOI $350,180 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$240.04M
$210.03M – $280.04M
NOI $16,802,546 @ 7.0% cap · market cap 170.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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Frequently Asked Questions
What type of property is this?
Shopping center - For sale retail property with a stated 7.25% cap rate.
Where is this shopping center located?
The property is located at 1510 REISTERSTOWN RD Pikesville, MD.
What is the asking price?
The asking price for this property is $9,840,000.
What are key features of this property?
This property features: Retail property built in 1982; Stated 7.25% cap rate; 24,741 SF building
