Automotive Service
For Sale
Contact for pricing
5329 Reisterstown Rd, Baltimore, MD 21215
The property combines garage-bay service space with a substantial outdoor storage yard.
Property Size27,000 SF
Price / SF$62.96
Days on Market113
Property Features for 5329 Reisterstown Rd
General Information
Standard status
Active
Size
27,000 SF
Property subtype
Industrial, Retail
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$170,000
Additional Details
Outdoor Storage
Yes
Building Details
Tenancy
Multi
Listing Agency:
VYBE Realty
(410) 312-0000
Listed By:
Ravi Shah · License #00001
Source:
Crexi
Added: May 12
Changed: Aug 30
Last Checked: Aug 31 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 VYBE Realty
Investment Insights
Based on property information with market context.
This 27,000 SF automotive property includes a service center configured with multiple garage bays and an outdoor yard for storage. The combination of enclosed repair space and exterior storage supports automotive service and related operational needs.
The property is located at 5329 Reisterstown Rd in Baltimore, MD 21215. Triple Net Leases are associated with the property, providing a defined lease structure for the automotive service center and yard component.
The property is located at 5329 Reisterstown Rd in Baltimore, MD 21215. Triple Net Leases are associated with the property, providing a defined lease structure for the automotive service center and yard component.
Key Highlights
- 27,000 SF automotive property
- Service center with multiple garage bays
- Large outdoor yard for storage
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
$149,076
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
8.77%
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%
$2,981,520
$3.0M
Cap Rate 7%
$2,129,657
$2.1M
Cap Rate 9%
$1,656,400
$1.7M
Market Conditions
NOI Build-Up for 27,000 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
$226.8K $8.40/SF
− Vacancy
−$13.8K −$0.51/SF
EGI
$213.0K $7.89/SF
− OpEx
−$63.9K −$2.37/SF
NOI
$149.1K $5.52/SF
Area
ZIP 21215
Vacancy
6.10%
Lease Rate
$8.40 /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%
$2,981,520
Cap Rate 7%
$2,129,657
Cap Rate 9%
$1,656,400
Alternative Uses
Best Use
Retail
$4.64M
$4.06M – $5.41M
NOI $324,830 @ 7.0% cap · market cap 19.11%
Second Best
Industrial
$2.13M
$1.86M – $2.48M
NOI $149,076 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$6.44M
$5.63M – $7.51M
NOI $450,593 @ 7.0% cap · market cap 26.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21215, MD
54,198
Population
24,876
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
84%
High-School Grad
6.8 sq mi
ZIP Area
7,970
Density / Sq Mi
$47,606
Median Household Income
$37,670
Median Earnings
$1,177
Median Rent
$189,900
Median Home Value
Market
Vacancy Rate% for Retail in Baltimore, MD
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - The property combines garage-bay service space with a substantial outdoor storage yard.
Where is this auto shop located?
The property is located at 5329 Reisterstown Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 27,000 SF automotive property; Service center with multiple garage bays; Large outdoor yard for storage
