Multi-Level Office
324 MAIN ST, Reisterstown, MD 21136
For Sale
Contact for pricing
BL zoning applies to office space arranged across the second and third floors.
Property Size1,100 SF
Price / SF$0.89
Days on Market49
Property Features for 324 MAIN ST
General Information
Standard status
Size
Total Parking Spaces
Elevators
Property subtype
Zoning
Additional Details
Floor
Building Details
Year Built
Listing Agency:
Long & Foster Real Estate, Inc.
(410) 453-0500
Listed By:
Marshall A Janoff · License MD #614239
(410) 340-5338
Source:
Cummingsrealtors
Added: Sep 24
Changed: Nov 10
Last Checked: Nov 10 at 8:41AM
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.
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Investment Insights
Based on property information with market context.
Office space occupies the second and third floors of a building constructed in 1876. The second floor has three private offices and a rear storage room, while the third floor is divided into two rooms. Entry is by stairs only.
The property is at 324 Main St in Reisterstown, Maryland, with parking behind the building. The space is zoned BL.
The property is at 324 Main St in Reisterstown, Maryland, with parking behind the building. The space is zoned BL.
Key Highlights
- Approximately 1,100 SF across the second and third floors
- Second floor includes 3 private offices and a rear storage room
- Third floor is divided into 2 rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,712
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,240
$154.2K
Cap Rate 7%
$110,171
$110.2K
Cap Rate 9%
$85,689
$85.7K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$12.5K $11.40/SF
− Vacancy
−$2.3K −$2.05/SF
EGI
$10.3K $9.35/SF
− OpEx
−$2.6K −$2.34/SF
NOI
$7.7K $7.01/SF
Area
Baltimore County, MD
Vacancy
18.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,240
Cap Rate 7%
$110,171
Cap Rate 9%
$85,689
Alternative Uses
Best Use
Office B
$110.2K
$96.4K – $128.5K
NOI $7,712 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$245.2K
$214.6K – $286.1K
NOI $17,167 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
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Business Placement
Demographics for 21136, MD
34,973
Population
13,944
Households
2.5
Avg Household Size
41
Median Age
52%
College-Educated
93%
High-School Grad
56.2 sq mi
ZIP Area
622
Density / Sq Mi
$106,559
Median Household Income
$59,306
Median Earnings
$1,471
Median Rent
$380,200
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Baltimore County, MD
Properties on Market for Office Units in Baltimore County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - BL zoning applies to office space arranged across the second and third floors.
Where is this office unit located?
The property is located at 324 MAIN ST Reisterstown, MD.
What are key features of this property?
This property features: Approximately 1,100 SF across the second and third floors; Second floor includes 3 private offices and a rear storage room; Third floor is divided into 2 rooms
