Furnished
5810 REISTERSTOWN RD, Baltimore, MD 21215
For Sale
Contact for pricing
The operating hospitality property includes furnishings and equipment for its current motel use.
Property Size31,593 SF
Price / SF$94.80
Days on Market45
Property Features for 5810 REISTERSTOWN RD
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Business Included
Currently Operating
Building Details
Abandoned
Listing Agency:
Keller Williams Flagship of Maryland
Listed By:
Nicholas Piscatelli · License MD #17626
(410) 365-0200
Source:
Crexi
Added: Sep 27
Changed: Nov 8
Last Checked: Nov 10 at 6:48AM
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 Keller Williams Flagship of Maryland
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Investment Insights
Based on property information with market context.
The 31,593-square-foot motel in Baltimore is operating and is offered with its furnishings and equipment. The property is located at 5810 Reisterstown Road.
A rezoning process for senior living and assisted living uses is underway.
A rezoning process for senior living and assisted living uses is underway.
Key Highlights
- 31,593‑square‑foot motel
- Operating hospitality business offered with furnishings and equipment
- Rezoning process underway for senior living and assisted living uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,733
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,454,660
$3.5M
Cap Rate 7%
$2,467,614
$2.5M
Cap Rate 9%
$1,919,256
$1.9M
Market Conditions
NOI Build-Up for 31,593 SF
Gross rent
$417.0K $13.20/SF
− Vacancy
−$53.4K −$1.69/SF
EGI
$363.6K $11.51/SF
− OpEx
−$190.9K −$6.04/SF
NOI
$172.7K $5.47/SF
Area
ZIP 21215
Vacancy
12.80%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,454,660
Cap Rate 7%
$2,467,614
Cap Rate 9%
$1,919,256
Alternative Uses
Best Use
Hotel Hospitality
$2.47M
$2.16M – $2.88M
NOI $172,733 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.53M
$6.59M – $8.79M
NOI $527,244 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,404
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
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- The Thomas/Plummer Connections Center — 6020 Marian Dr, Baltimore, MD 21215
- Cliché Events — 5503 Reisterstown Rd, Baltimore, MD 21215
- Roof — 4000-4008 rockfield ave, baltimore, md 21215
- Hotel — 5425 Reisterstown Rd, Baltimore, MD 21215
- Quality Inn Near Pimlico Racetrack — 4200 Primrose Ave, Baltimore, MD 21215
Frequently Asked Questions
What type of property is this?
Motel - The operating hospitality property includes furnishings and equipment for its current motel use.
Where is this motel located?
The property is located at 5810 REISTERSTOWN RD Baltimore, MD.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 31,593‑square‑foot motel; Operating hospitality business offered with furnishings and equipment; Rezoning process underway for senior living and assisted living uses
