Building Details

Year Built 1954

Listing Agency: Monument Sotheby's International Realty

Listed By: Maja Likakis · License #679651 Show Phone

Source: Kandorre

Added: Apr 24 Changed: Oct 25 Last Checked: Oct 28 at 12:42PM

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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 Monument Sotheby's International Realty

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Investment Insights

Based on property information with market context.

This property presents an opportunity for a carry-out or food operator. Located on Reisterstown Road, a high-traffic commercial corridor, the property offers visibility, strong daily traffic counts, and convenient access. The property includes parking and a rear patio, providing operational flexibility. Renovations were completed in 2020, including upgraded HVAC. A new flat roof was installed in 2021. Both the interior and exterior have been remodeled. The property is suitable for an owner-operator or investor seeking an established food-service location. The sale is subject to Bankruptcy Court approval and is being sold strictly AS-IS, WHERE-IS. The bike score is 37, indicating it is somewhat bikeable. The walk score is 49, indicating car-dependent surroundings. The transit score is 62, indicating good transit options.

Key Highlights

• High‑traffic location on Reisterstown Road with excellent visibility
• Renovated in 2020 with a new roof installed in 2021 and upgraded HVAC in 2020
• Includes parking and a rear patio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,622

Cap Rate

6.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$372,440 $372.4K

Cap Rate 7%

$266,029 $266.0K

Cap Rate 9%

$206,911 $206.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,320 SF

Gross rent

$26.1K $19.80/SF

− Vacancy

−$1.3K −$0.99/SF

EGI

$24.8K $18.81/SF

− OpEx

−$6.2K −$4.70/SF

NOI

$18.6K $14.11/SF

Area

ZIP 21215

Vacancy

5.00%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$372,440

Cap Rate 7%

$266,029

Cap Rate 9%

$206,911

Alternative Uses

Best Use

Specialty Retail

$266.0K

$232.8K – $310.4K (±1% cap)

NOI $18,622 @ 7.0% cap · market cap 6.01%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$314.7K

$275.4K – $367.2K (±1% cap)

NOI $22,029 @ 7.0% cap · market cap 7.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Klassic Cook Kitchen ... Restaurant

Suggested Use

Top Pick Real Estate Agency Electrical Service Law Firm Skin Care Clinic Gym & Fitness Center Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,431

Businesses Nearby

Under-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

5.8% 2019

7.2% 2020

7% 2021

6.3% 2022

5.9% 2023

5.9% 2024

6.6% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Carry-out restaurant property on high-traffic corridor, renovated in 2020.

Where is this conventional restaurant located?

The property is located at 5625 Reisterstown Rd Baltimore, MD.

What is the asking price?

The asking price for this property is $310,000.

What are key features of this property?

This property features: High‑traffic location on Reisterstown Road with excellent visibility; Renovated in 2020 with a new roof installed in 2021 and upgraded HVAC in 2020; Includes parking and a rear patio