Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Acre Wooded Homesite Opportunity Title is generated by Realmo AI

    2994 FALLS RUN RD, Randallstown, MD 21133

    View on Map
    Claim this Listing
    For Sale
    $159,000

    Lots/Land/Farm - RANDALLSTOWN, MD

    Type:Farm
    Lot size:
    2.00 Acres
    Added:
    May 14, 2026
    Days on Market:
    8
    Last Refresh:
    May 21 at 10:06 pm

    Property Features for 2994 FALLS RUN RD

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    982

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Julie Singer

    Listing agent Julie Singer

    Listing office Northrop - Quarry Lake 2580 Quarry Lake Drive, MD

    Listing date May 14, 2026

    MLS# MDBC2162008 Listing URL

    Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑acre wooded lot provides ample space and privacy.
    • Located off Liberty Road/MD‑26, offering convenient access.
    • Serene setting with peaceful natural scenery and mature trees.
    • Private road access enhances seclusion.
    • Potential for future development or investment.
    • Opportunity to build a custom dream home.

    Overview

    This two-acre wooded lot presents an opportunity to build a dream home. Located off Liberty Road/MD-26, the property is situated at the end of a long private road. The setting features natural scenery and mature trees, creating a backdrop for a private retreat. Buyers are encouraged to perform due diligence regarding potential land use, utilities, and septic and well feasibility. This property offers possibilities for future development potential, investment, or a secluded homesite.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Food Market Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Randallstown
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.8473654
    Latitude
    39.3820782

    Nearby Similar for Sale

    • $279,900

      Wooded Lot in Quiet Community

      2.17 acre wooded lot in established Randallstown community.
      4133 HOLBROOK RD, RANDALLSTOWN, MD 21133
      View Details
    • $225,000

      Residential Land in Randallstown, MD

      4.34 acre residential land for sale in Randallstown, MD.
      STEFFENY Road, RANDALLSTOWN, MD 21133
      View Details
    • $295,000

      Wooded Lot in Randallstown, MD

      6.41-acre wooded lot in a quiet, established community.
      4129 HOLBROOK RD, RANDALLSTOWN, MD 21133
      View Details
    • Contact for pricing
      40,750 SF

      Randallstown Automotive Dealership on Liberty

      40,750 SF automotive dealership on 6.06 acres for sale.
      9400 Liberty Road, Randallstown, MD 21133
      View Details
    • $1,899,000

      Randallstown Land on Liberty Road

      High-traffic location suitable for commercial, mixed-use, or redevelopment.
      9314 Liberty Road, Randallstown, MD 21133
      View Details
    • Contact for pricing

      Liberty Road Property in Randallstown

      Commercial property available in Randallstown, Maryland.
      9115-9127 Liberty Road, Randallstown, MD 21133
      View Details
    • Contact for pricing

      Retail Space with Shared Parking

      Retail property featuring shared parking in Randallstown, Maryland.
      8635 Liberty Rd, Randallstown, MD 21133
      View Details
    • $525,000

      Seven-Unit Multifamily Property on Five Acres

      Value-add multifamily investment opportunity on approximately five acres.
      3332 Offutt Rd, RANDALLSTOWN, MD 21133
      View Details
    • $295,000

      Land For Sale

      Land available for sale.
      4129 Holbrook Rd, Randallstown, MD 21133
      View Details
    • $1,899,000
      14,200 SF

      Randallstown Land For Sale

      High-traffic location suitable for commercial, mixed-use, or redevelopment.
      9314 Liberty Rd, Randallstown, MD 21133
      View Details
    • $5,166,977
      14,448 SF

      Walgreens NNN Lease Investment Opportunity

      Walgreens NNN lease with ±12.9 years remaining in Randallstown, MD.
      9110 Liberty Rd, Randallstown, MD 21133
      View Details
    • Contact for pricing
      5,000 SF

      Retail Building with Large Parking

      5,000 SF retail building with 20,000 SF parking lot.
      9324 Liberty Rd, Randallstown, MD
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded two-acre lot for building a dream home.
    Where is this residential land & home lot located?
    The property is located at 2994 FALLS RUN RD Randallstown, MD.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: Two‑acre wooded lot provides ample space and privacy.; Located off Liberty Road/MD‑26, offering convenient access.; Serene setting with peaceful natural scenery and mature trees.
    (888) 536-0216
    We can help!
    Listing Contact
    Julie Singer
    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

    Thank You for Inquiry
    2994 FALLS RUN RD, RANDALLSTOWN, MD 21133
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!