Add Listing
    For Sale
    • 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

    5124 KLEE MILL Rd S Sykesville, MD 21784

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    Land suitable for industrial uses, potential for subdivision.

    Type:Land
    Added:
    Apr 15, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 1 at 4:45 am

    Property Features for 5124 KLEE MILL Rd S

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Janice R Kirkner
    Janice R Kirkner

    Listing agent Janice R Kirkner License #51705

    Listing office Brook-OwenReal Estate

    Listing date Apr 15, 2026

    Source Elliman

    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 Brook-OwenReal Estate

    Overview

    Industrial Land Near Existing Park

    This property is zoned industrial light, allowing for various uses including agricultural, building, or landscaping supplies sales and storage. Refer to Chapter 158.082 and 158.083 of the Carroll County Zoning Chapter 158 for specific details. The property adjoins an existing industrial park and is located near Route 97. There is potential for subdivision. Interested parties should verify with the county if the existing structures on the property can be used for residential purposes after the sale. The bike score is 7, indicating it is somewhat bikeable, and the walk score is 4, indicating car-dependent.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sykesville
    County
    Carroll
    State
    Maryland
    Longitude
    -76.9977454
    Latitude
    39.4376039

    Nearby Similar for Sale

    • $1,000,000

      Corner Lot Commercial Opportunity

      Profitable commercial property on 0.46 acres in Sykesville, MD.
      7415 SPRINGFIELD AVE, SYKESVILLE, MD 21784
      View Details
    • $124,900

      Sykesville Land with Grand Views

      1.8 acre wooded lot with valley and river views.
      Parcel # 521 LONDON BRIDGE, SYKESVILLE, MD 21784
      View Details
    • $1,500,000

      Sykesville Commercial Land for Sale

      71.28 acre commercial land parcel in Sykesville, Maryland.
      5124 KLEE MILL Road S, SYKESVILLE, MD 21784
      View Details
    • $3,500,000

      Prime Residential Farm Land Opportunity

      139+ acres of prime residential farm land in Sykesville.
      13090 OLD FREDERICK Road, SYKESVILLE, MD 21784
      View Details
    • $234,900

      Sykesville Condo with Garden View

      Move-in ready 2 bed, 2 bath condo in Carroll County.
      2001 RUDY SERRA DR #1C, SYKESVILLE, MD 21784
      View Details
    • $1,250,000

      Commercial Land in Prime Location

      1.07 acres of commercial land in Southern Carroll County.
      2038 LIBERTY RD, SYKESVILLE, MD 21784
      View Details
    • $1,250,000
      2,558 SF

      Commercial Land in Prime Location

      Commercial land with building in a desirable location.
      2038 LIBERTY ROAD, SYKESVILLE, MD 21784
      View Details
    • $679,000
      5,600 SF

      Sykesville Office Building For Sale

      5,600 SF office building available in Sykesville, Maryland.
      1319 Lee Lane, Sykesville, MD 21784
      View Details
    • $449,900

      C2 Zoned Commercial Opportunity

      Commercial property with high traffic, visibility, and investment potential.
      6242 Sykesville Rd, SYKESVILLE, MD 21784
      View Details
    • $349,900

      Large Wooded Lot with Views

      4.7 acre wooded lot offering privacy and fantastic views.
      1160 Day Rd, SYKESVILLE, MD 21784
      View Details

    FAQs

    What type of property is this?
    Industrial land - Land suitable for industrial uses, potential for subdivision.
    Where is this industrial land located?
    The property is located at 5124 KLEE MILL Rd S Sykesville, MD.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Zoned for Industrial Light use, allowing for various business operations.; Potential for subdivision.; Property adjoins an existing industrial park and RT 97.
    (443) 604-5089
    We can help!
    Listing Contact
    Janice R Kirkner
    Janice R Kirkner
    Real Estate License ID: 51705
    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!