Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5 Park Center Ct Owings Mills, MD

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A office space in premiere office/medical park.

    Type:OFFICE
    Property size:
    2,370 SF
    Lot size:
    5.13 Acres
    Added:
    Oct 26, 2023
    Days on Market:
    889
    Last Refresh:
    Mar 29 at 11:16 pm

    Property Features for 5 Park Center Ct

    General Information

    Standard status
    Active
    Size
    2,370 SF
    Lot size
    5.13 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 5 Park Center Ct Contact us

    We can help!

    Listing Contact
    Kevin Keane
    Kevin Keane

    Listing agent Kevin Keane

    Listing office David S. Brown Enterprises

    Listing date Oct 26, 2023

    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 David S. Brown Enterprises

    Overview

    Owings Mills Office/Medical Space

    This Class A office space is located within a premiere office/medical park, centrally located in the Reisterstown Road Corridor. The property is situated one mile from I-695 and two miles from Metro Centre at Owings Mills. Free parking is available. The building features an individual HVAC system. Linwoods is located in an adjacent building. The property offers 2,370 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Owings Mills
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.754
    Latitude
    39.3986

    Nearby Similar for Lease

    • Contact for pricing

      Owings Mills Private Office Space

      Private office in a busy shopping center, short-term lease available.
      10999 RED RUN Boulevard unit: 209, OWINGS MILLS, MD 21117
      View Details
    • Contact for pricing

      One Corporate Center

      10451 Mill Run Cir, Unit 400, Owings Mills, MD 21117
      View Details
    • Sponsored
      Contact for pricing

      MD, Owings Mills - Red Run Blvd

      10711 Red Run Blvd, Owings Mills, MD 10711
      View Details
    • $23/mo

      Class A Office Building

      Class A office space with amenities and highway access.
      10461 Mill Run Cir, Owings Mills, MD 21117
      View Details
    • $16/mo

      Owings Mills Second-Floor Office Space

      Second-floor office space in Owings Mills Industrial Park.
      10220 S Dolfield Rd, Owings Mills, MD
      View Details
    • Contact for pricing

      Renovated Office Building in Owings Mills

      Renovated office building near metro, shopping, and business parks.
      10910 Reisterstown Rd, OWINGS MILLS, MD 21117
      View Details
    • $4/mo

      Retail Space on Reisterstown Road

      Retail space with high traffic and excellent exposure.
      9607-9611 Reisterstown Rd, Owings Mills, MD
      View Details
    • Contact for pricing

      Owings Mills Office Space Available

      Office building on Reisterstown Rd, Owings Mills. Suite B.
      10912 Reisterstown Rd #b, OWINGS MILLS, MD 21117
      View Details
    • $14/mo

      Owings Mills Office Space Available

      Available office space in Owings Mills, Maryland, totaling 14,046 square feet.
      11155 Red Run Blvd/Pleasent Hi, Owings Mills, MD
      View Details
    • Contact for pricing

      Owings Mills Office Space Available

      Office space for rent in a well-located business park.
      10800 Red Run Blvd, Owings Mills, MD
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces with high visibility and ample parking.
      9101-9191 Reisterstown Rd, Owings Mills, MD
      View Details
    • Contact for pricing

      Owings Mills Flex/Warehouse Space

      Flex/R&D and bulk/warehouse space near Metro Centre.
      11438 Cronridge Dr, Owings Mills, MD
      View Details

    FAQs

    What type of property is this?
    Office units - Class A office space in premiere office/medical park.
    Where is this office units located?
    The property is located at 5 Park Center Ct Owings Mills, MD.
    What are key features of this property?
    This property features: Class A office space available; Premiere office/medical park setting; Free parking for employees and visitors
    (410) 581-2519
    We can help!
    Listing Contact
    Kevin Keane
    Kevin Keane
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!