Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Restaurant Space in Randallstown Plaza Title is generated by Realmo AI

    3653 Offutt Rd, Randallstown, MD 21133

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Restaurant space with hood, freezer, and storage equipment.

    Type:Retail, Office, Restaurant
    Property size:
    16,000 SF
    Added:
    Jul 23, 2020
    Days on Market:
    2141
    Last Refresh:
    May 19 at 9:35 pm

    Property Features for 3653 Offutt Rd

    General Information

    Standard status
    Active
    Size
    16,000 SF
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    1972

    Spaces For Lease

    at 3653 Offutt Rd Contact us

    We can help!

    Listing Contact
    John Haas

    Listing agent John Haas License #MD 639923

    Listing office Trout Daniel & Associates

    Listing date Jul 23, 2020

    Source Crexi

    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 Trout Daniel & Associates

    HighLights

    • Restaurant‑ready: Equipped with a hood, in‑place freezer, and storage equipment
    • High‑visibility location in the prominent Liberty Rd. corridor
    • Strategic positioning: Close proximity to major retailers
    • Versatile space suitable for retail, restaurant, or office use
    • Thriving market in Randallstown, MD, with a diverse array of amenities
    • Minutes away from Liberty Court Shopping Center and the Liberty Road corridor

    Overview

    Located at 3653 Offutt Rd in Randallstown Plaza, Randallstown, MD, this 5,070 SF space is suitable for a restaurant. It features a hood, in-place freezer, and storage equipment. The property is situated in the Liberty Rd. corridor, offering high visibility. The location is near major retailers and one mile from the new Randallstown Super Walmart, Home Depot, and Marshalls. The property is suitable for retail, restaurant, or office spaces. The location is in the heart of Randallstown, MD, near Liberty Court Shopping Center and the Liberty Road corridor, providing a mix of retail, dining, and entertainment options.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Similar Places Nearby

    • The Ross Caterers — 9331 Liberty Rd, Randallstown, MD 21133

    Location Insight

    • Map
    • Local Demand
    City
    Randallstown
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.7973693
    Latitude
    39.3703952

    Nearby Similar for Lease

    • Contact for pricing

      Warehouse Space Near 795

      Warehouse space with drive-in door and high ceilings.
      9635 Liberty Rd, Randallstown, MD 21133
      View Details
    • Contact for pricing
      2,750 SF

      Office Space Available For Rent

      Office space available for rent, approximately 2,750 square feet.
      5400 Old Court Rd, Randallstown, MD 21133
      View Details
    • Contact for pricing

      Retail Space in Brenbrook Plaza

      Prime retail space in Randallstown's Brenbrook Plaza for lease.
      3442 NW Brenbrook Drive, Randallstown, MD 21133
      View Details
    • Contact for pricing
      1,522 SF

      Retail Space Near Walmart

      1,522 SF retail space shadow-anchored by Walmart.
      8700-8722 Liberty Plaza, Randallstown, MD
      View Details
    • Contact for pricing

      Office Spaces with Signage Options

      Variety of office spaces available with signage options on Liberty Road.
      8607 LIBERTY ROAD, RANDALLSTOWN, MD 21133
      View Details
    • $15 SF/Yr
      4,700 SF

      Versatile Retail Building For Rent

      Retail building with office and warehouse space for diverse businesses.
      9405 Liberty Rd, Randallstown, MD 21133
      View Details
    • $18 SF/Yr
      2,200 SF

      Randallstown Retail, Restaurant, Office Spaces

      Retail, restaurant, and office spaces available in Randallstown, MD.
      3637-3695 Offutt Rd, Randallstown, MD
      View Details
    • Contact for pricing
      13,846 SF

      Randallstown Retail Space For Rent

      Retail space available near Liberty Plaza and Liberty Court.
      3506 Brenbrook Dr, Randallstown, MD
      View Details
    • Contact for pricing
      1,409 SF

      Randallstown Retail Space Available

      10,741 SF junior anchor space for lease.
      8511-8521 Liberty Rd, Randallstown, MD
      View Details
    • Contact for pricing
      3,000 SF

      Randallstown Retail Space Available

      Retail space available in Randallstown's premier shopping center.
      8606-8660 Liberty Rd, Randallstown, MD
      View Details
    • $10 SF/Yr
      5,100 SF

      Randallstown Flex Space Available

      Flex space available for sublet in Randallstown, Maryland.
      9633 Liberty Rd, Randallstown, MD
      View Details
    • Contact for pricing

      Retail Space Near Walmart

      Retail space available near Walmart on Liberty Road.
      8716 Liberty Rd, Randallstown, MD 21133
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant space with hood, freezer, and storage equipment.
    Where is this restaurant located?
    The property is located at 3653 Offutt Rd Randallstown, MD.
    What are key features of this property?
    This property features: Restaurant‑ready: Equipped with a hood, in‑place freezer, and storage equipment; High‑visibility location in the prominent Liberty Rd. corridor; Strategic positioning: Close proximity to major retailers
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Haas
    Real Estate License ID: MD 639923
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3653 Offutt Rd, Randallstown, MD 21133
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!