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    Reisterstown Retail Property for Sale Title is generated by Realmo AI

    2 Chartley Dr, Reisterstown, MD

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    Large retail property available in Reisterstown, Maryland.

    Type:RETAIL
    Property size:
    119,601 SF
    Lot size:
    14.92 Acres
    Price / SF:
    $200/SF
    Added:
    Dec 2, 2024
    Days on Market:
    556
    Last Refresh:
    May 19 at 9:49 pm

    Property Features for 2 Chartley Dr

    General Information

    Standard status
    Active
    Size
    119,601 SF
    Lot size
    14.92 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 2 Chartley Dr Contact us

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    Listing Contact
    Ryan Rodger

    Listing agent Ryan Rodger

    Listing office United Properties Corp.

    Listing date Dec 2, 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 United Properties Corp.

    HighLights

    • Large retail property
    • Located in Reisterstown, Maryland

    Overview

    This retail property, located in Reisterstown, Maryland, offers a substantial area of 119,601 square feet. The property is currently for sale.

    Local 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 $2.58M $21.60
    − Vacancy −$165.1k −$1.38
    EGI $2.42M $20.22
    − OpEx −$725.5k −$6.07
    NOI $1.69M $14.15
    119,601 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $24.18M
    $21.16M – $28.21M (±1% cap)
    NOI $1,692,812 @ 7.0% cap · market cap 7.05%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $1,160.37M
    $1,015.32M – $1,353.76M (±1% cap)
    NOI $81,225,550 @ 7.0% cap · market cap 338.44%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Chesapeake Bay Aquatic ... Medical Clinic Gregory Chrest Physician Lauren Arihood Physician Danielle Goldstein Physician Mr. Chirag Kadakia Physician

    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
    Reisterstown
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.8245
    Latitude
    39.4567

    FAQs

    What type of property is this?
    Retail property - Large retail property available in Reisterstown, Maryland.
    Where is this retail property located?
    The property is located at 2 Chartley Dr Reisterstown, MD.
    What is the asking price?
    The asking price for this property is $24,000,000.
    What are key features of this property?
    This property features: Large retail property; Located in Reisterstown, Maryland
    (516) 223-6200 Call to check price and availability
    More about this property
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