Standalone Storefront
For Sale
$469,000
350 MAIN STREET, Reisterstown, MD 21136
BL-zoned property with a retail-outfitted interior, central air, hardwood flooring, and flexible use allowances.
Property Size2,344 SF
Lot Size0.50 Acres
Price / SF$200.09
Days on Market64
Property Features for 350 MAIN STREET
General Information
Standard status
Active
Size
2,344 SF
Lot size
0.50 Acres
Property subtype
Retail
Zoning
BL
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,354
Amenities
Central Air, Ceiling Fan(s)
3
Hardwood
Parking.
Lot.
1.00 x
Building Details
Year Built
1876
Buildings
1
Building Size
2,344 SF
Listing Agency:
Coldwell Banker Realty
(443) 340-4804
Listed By:
Lee Moreno · License #649964
(443) 340-4804
Source:
Xome
Added: Jun 9
Changed: Aug 11
Last Checked: Aug 11 at 4:52AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This standalone storefront building contains 2,344 square feet on a 0.5-acre parcel and was constructed in 1876. The interior is currently configured for retail use and includes central air, ceiling fans, and hardwood flooring. BL zoning supports multiple uses, providing flexibility for future occupancy or repositioning.
The property sits on Main Street in historic downtown Reisterstown, Maryland, adjacent to the Glyndon Trace community. Its location is also near I-795, connecting the site with the surrounding area. On-site parking is included, and the building’s storefront configuration supports a range of retail-oriented commercial applications.
The property sits on Main Street in historic downtown Reisterstown, Maryland, adjacent to the Glyndon Trace community. Its location is also near I-795, connecting the site with the surrounding area. On-site parking is included, and the building’s storefront configuration supports a range of retail-oriented commercial applications.
Key Highlights
- 2,344‑square‑foot standalone storefront building on 0.5 acres
- BL zoning allows for multiple uses
- Currently configured for retail occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,177
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$663,540
$663.5K
Cap Rate 7%
$473,957
$474.0K
Cap Rate 9%
$368,633
$368.6K
Market Conditions
NOI Build-Up for 2,344 SF
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.
Gross rent
$50.6K $21.60/SF
− Vacancy
−$3.2K −$1.38/SF
EGI
$47.4K $20.22/SF
− OpEx
−$14.2K −$6.07/SF
NOI
$33.2K $14.15/SF
Area
Baltimore County, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$663,540
Cap Rate 7%
$473,957
Cap Rate 9%
$368,633
Alternative Uses
Best Use
Retail
$474.0K
$414.7K – $553.0K
NOI $33,177 @ 7.0% cap · market cap 7.07%
Second Best
Office B
$234.8K
$205.4K – $273.9K
NOI $16,434 @ 7.0% cap · market cap 3.50%
Theoretical Best
Multifamily LT 5
$22.74M
$19.90M – $26.53M
NOI $1,591,899 @ 7.0% cap · market cap 339.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - BL-zoned property with a retail-outfitted interior, central air, hardwood flooring, and flexible use allowances.
Where is this storefront property located?
The property is located at 350 MAIN STREET Reisterstown, MD.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 2,344‑square‑foot standalone storefront building on 0.5 acres; BL zoning allows for multiple uses; Currently configured for retail occupancy
