Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    5928 Reisterstown Rd Baltimore, MD 21215

    Sponsored
    For Lease
    Contact for pricing

    Prime Baltimore Retail Space - 2,052 SF

    Lot size:
    2,052 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional 2,052-square-foot retail property, located at 5928 Reisterstown Road in Baltimore, Maryland, presents a unique investment opportunity. Situated on a 1.04-acre lot, this single-tenant building boasts a Class C designation and was constructed in 1994. The entire space is currently vacant, offering immediate occupancy for a wide range of commercial uses. Its strategic location in a busy commercial area, zoned C-4, makes it particularly well-suited for businesses requiring ample parking, such as car sales and rentals. The property's design includes a drive-thru lane, currently closed but easily reactivated, adding further versatility. Its proximity to the intersection of Northern Parkway and convenient access to I-83 (JFX) and I-695 ensures high visibility and excellent accessibility for customers. This property is offered as a land lease opportunity, providing a flexible and potentially cost-effective entry point for prospective tenants. The large parking area complements the building's size, making it ideal for businesses that require substantial customer parking. The property's potential extends to fast-food establishments and other commercial ventures that benefit from high traffic volume and convenient access. This is a rare chance to acquire a well-positioned retail space in a thriving Baltimore neighborhood. The zip code is 21215.

    Property Features for 5928 Reisterstown Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,052 SF
    Class
    C

    Building Details

    Year Built
    1994
    Buildings
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,052 SF

    We can help!

    Listing Contact
    Steven Cornblatt
    Steven Cornblatt

    Learn more

    Property Insight Report

    HighLights

    • 2,052 SF freestanding building on 1.04‑acre lot at the signalized intersection of Menlo Drive and Reisterstown Road.
    • Prominent pylon sign on Reisterstown Road.
    • Suitable for automotive sales, quick‑service restaurants, or medical clinics.
    • Less than 0.25 miles to Northern Parkway.
    • Convenient access to I‑83 (JFX) and I‑695 (Baltimore Beltway).
    Property Profile Location Intelligence

    Current Use by Public Records

    BoxersEveryBodyRides.com Used Car Dealer

    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
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6965174
    Latitude
    39.3515124

    Nearby Similar for Lease

    • $3,200 /Mo
      2,178 SF

      Renovated Office Building on Harford

      Renovated two-level office building suitable for medical or professional services.
      2224 Harford Rd E, Baltimore, MD 21218
      View Details
    • $3,500 /Mo

      Spacious Office with Prime Location

      Combined office space with versatile layout, ideal for various businesses.
      19 Fontana Ln, Baltimore, MD 21237
      View Details
    • New
      $4,025 /Mo
      4,356 SF

      Prime Retail Space Near Mercy Hospital

      High-visibility commercial space ideal for retail or service businesses.
      330 Saint Paul Pl, Baltimore, MD 21202
      View Details
    • $650 /Mo
      16,553 SF

      Nottingham/Perry Hall Office Space

      Office space in Nottingham/Perry Hall with elevator access and parking.
      9524 Belair Rd, Baltimore, MD 21236
      View Details
    • $4,150 /Mo
      1,307 SF

      Historic Canton Square Office Space

      Office space in a renovated building with high traffic exposure.
      2938 O'donnell St, Baltimore, MD 21224
      View Details
    • $22 SF/Yr

      Mount Vernon Restaurant Space Available

      High-visibility restaurant space in Baltimore's Mount Vernon Cultural District.
      518 Charles St N, Baltimore, MD 21201
      View Details
    • $1,950 /Mo
      20,038 SF

      Remodeled Office Space For Lease

      Recently remodeled office space suitable for various professional uses.
      9511 Belair Rd, Baltimore, MD 21236
      View Details
    • $3,250 /Mo
      52,708 SF

      Modern Office Space in Baltimore

      Class A office space with modern amenities and convenient location.
      101 N Haven St, Baltimore, MD 21224
      View Details
    • $7,200 /Mo
      52,708 SF

      Renovated Flex Space in Baltimore Highlands

      First-floor flex space with industrial charm and modern amenities.
      101 1-5, Baltimore, MD 21224
      View Details
    • $2,300 /Mo
      21,780 SF

      Private Office Space with Amenities

      950 sq ft office space with private entrance and amenities.
      5000 Lawndale Ave, Baltimore, MD 21210
      View Details
    • $2,000 /Mo
      18,295 SF

      Harford Road Office Suite

      Second floor office suite available for lease in Baltimore.
      6709 Harford Rd, Baltimore, MD 21234
      View Details
    • $1,900 /Mo
      3,049 SF

      Hampden Retail Space For Lease

      Retail space in a hip Baltimore location near The Avenue.
      3524 Keswick Rd, Baltimore, MD 21211
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Baltimore Retail Space - 2,052 SF
    Where is this retail property located?
    The property is located at 5928 Reisterstown Rd Baltimore, MD.
    What are key features of this property?
    This property features: 2,052 SF freestanding building on 1.04-acre lot at the signalized intersection of Menlo Drive and Reisterstown Road.; Prominent pylon sign on Reisterstown Road.; Suitable for automotive sales, quick-service restaurants, or medical clinics.
    Request Owner's contact information
    5928 Reisterstown Rd Baltimore, MD 21215
    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.
    5928 Reisterstown Rd
    Baltimore, MD 21215
    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
    5928 Reisterstown Rd Baltimore, MD 21215
    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

    We can help!
    Listing Contact
    Steven Cornblatt
    Steven Cornblatt
    Real Estate License ID: MD 26865
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.