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    9110 Liberty Rd Randallstown, MD 21133

    For Sale
    $5,375,323

    High-Yield Walgreens, Prime Location

    Property size:
    14,448 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 14,448-square-foot Walgreens pharmacy in Randallstown, Maryland, boasting a strong 6.20% cap rate and a substantial net operating income (NOI) of $333,270. The property, built in 2001 and situated on a 2.26-acre lot, benefits from a long-term NNN lease with Walgreens expiring November 30, 2038, providing approximately 14 years of remaining lease term. The lease includes twelve 5-year renewal options with a 5% rent increase every five years and in each option period. This strategically located property enjoys excellent visibility and accessibility along Liberty Road (22,173 vehicles per day), near the intersection with Offutt Road (7,674 VPD), and approximately 3.3 miles from Interstate 695 (199,882 VPD). Its proximity to other major retailers, including 7-Eleven, Advance Auto Parts, and the Randallstown Plaza Shopping Center, further enhances its appeal. The property's location within Randallstown's primary retail and commercial corridor, surrounded by a significant student population and close to Northwest Hospital, contributes to its strong tenant base and consistent cash flow. The property is part of the Baltimore-Columbia-Towson, MD MSA, a large metropolitan area with a diverse economy and strong employment base. This presents a compelling investment opportunity with significant long-term potential. The asking price is $5,375,323, translating to a price per square foot of $372.05.

    Property Features for 9110 Liberty Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,448 SF
    Lot Size
    98,446 SF

    Building Details

    Year Built
    2001

    HighLights

    • Excellent access and visibility on Liberty Road (22,173 VPD), near Offutt Road (7,674 VPD), and I‑695 (199,882 VPD), less than 11 miles from downtown Baltimore.
    • Strategic location adjacent to 7‑Eleven, across from Advance Auto Parts, and near Randallstown Plaza Shopping Center and Northwest Hospital.
    • Located in Randallstown's primary retail corridor with significant retail, office, industrial, and multifamily development within a 5‑mile radius, including major retailers like Walmart and Home Depot.
    • Proximity to over 3,750 students within a 2.5‑mile radius, encompassing several elementary, middle, and high schools.
    • Situated in the Baltimore‑Columbia‑Towson MSA, a major metropolitan area with a diverse economy and strong employment base.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Randallstown
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.799932
    Latitude
    39.3699837

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Walgreens, Prime Location
    Where is this individual retail property located?
    The property is located at 9110 Liberty Rd Randallstown, MD.
    What is the asking price?
    The asking price for this property is $5,375,323.
    What are key features of this property?
    This property features: Excellent access and visibility on Liberty Road (22,173 VPD), near Offutt Road (7,674 VPD), and I-695 (199,882 VPD), less than 11 miles from downtown Baltimore.; Strategic location adjacent to 7-Eleven, across from Advance Auto Parts, and near Randallstown Plaza Shopping Center and Northwest Hospital.; Located in Randallstown's primary retail corridor with significant retail, office, industrial, and multifamily development within a 5-mile radius, including major retailers like Walmart and Home Depot.
    Request Owner's contact information
    9110 Liberty Rd Randallstown, MD 21133
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    Randallstown, MD 21133
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    Realmo Value Estimation

    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.

    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.

    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
    9110 Liberty Rd Randallstown, MD 21133
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