Reisterstown Road Restaurant
For Sale
$310,000
5625 Reisterstown Rd, Baltimore, MD 21215
Carry-out restaurant property on high-traffic corridor, renovated in 2020.
Property Size1,320 SF
Price / SF$234.85
Days on Market144
Property Features for 5625 Reisterstown Rd
General Information
Standard status
Active
Size
1,320 SF
Building Details
Year Built
1954
Listing Agency:
Monument Sotheby's International Realty
Listed By:
Maja Likakis · License #679651
(443) 850-9968
Source:
Kandorre
Added: Apr 24
Changed: Sep 8
Last Checked: Sep 13 at 3:29PM
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
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 = 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
$18,622
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
6.01%
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%
$372,440
$372.4K
Cap Rate 7%
$266,029
$266.0K
Cap Rate 9%
$206,911
$206.9K
Market Conditions
NOI Build-Up for 1,320 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
$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 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%
$372,440
Cap Rate 7%
$266,029
Cap Rate 9%
$206,911
Alternative Uses
Best Use
Specialty Retail
$266.0K
$232.8K – $310.4K
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
NOI $22,029 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Baltimore, MD
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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
