Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6417 Petrie Way Rd Rosedale, MD 21237

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Exceptional Single-Tenant Retail Opportunity

    Lot size:
    3,456 SF

    Property Features for 6417 Petrie Way Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,456 SF

    Spaces For Lease

    at 6417 Petrie Way Rd, Rosedale, MD 21237 Contact us

    We can help!

    Listing Contact
    Dimitri Georgelakos
    Dimitri Georgelakos

    Listing Agency: KLNB Tysons Listing Agent: Dimitri Georgelakos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 3,456 square foot retail pad site, formerly a bank, presents a unique investment opportunity. Located in Baltimore County's dominant retail power center, this property boasts high visibility and accessibility, situated conveniently off the Baltimore Beltway. The single-tenant building features three drive-thru lanes, a significant advantage for businesses requiring convenient customer access. The 0.592-acre lot provides ample space for potential expansion or outdoor amenities. The property is available for occupancy beginning April 1, 2022. Its strategic location within a thriving retail area ensures high traffic volume and strong potential for business success. This is an ideal opportunity for a variety of retail businesses seeking a prominent location with excellent access and visibility. The building's previous use as a bank suggests a solid foundation and existing infrastructure. The ample parking and drive-thru lanes cater to a wide range of potential tenants. This property offers a compelling combination of size, location, and features, making it an attractive investment for discerning buyers. Serious inquiries are encouraged to explore this exceptional retail opportunity further. The property is classified as a pad site and is situated in the Baltimore submarket of Baltimore County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rosedale
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.4905124
    Latitude
    39.3358739

    Nearby Similar for Lease

    • $600 /Mo
      21,780 SF

      Office Space in Rosedale, MD

      Ground-level office space with ample parking and utilities included.
      8330 Pulaski Hwy, Rosedale, MD 21237
      View Details
    • Contact for pricing
      294,750 SF

      Yellow Brick Road Industrial Space

      8,100 SF Flex Space Available in Rosedale, MD
      8967-87 Yellow Brick Rd, Rosedale, MD 21237
      View Details
    • Contact for pricing
      158,678 SF

      Golden Ring Plaza Retail Space

      Retail Center, Baltimore County, MD. Multiple spaces available.
      8665 Philadelphia Rd, Rosedale, MD 21237
      View Details
    • Contact for pricing
      1,653 SF

      Rosedale Retail Space For Lease

      Community shopping center with high visibility and multiple suite sizes.
      9506-9544 Philadelphia Rd, Rosedale, MD
      View Details
    • Contact for pricing
      4,050 SF

      Rosedale Warehouse Space Available

      4,050 SF warehouse space with office in Rosedale, MD.
      1213 67Th St, Rosedale, MD 21237
      View Details
    • Contact for pricing
      212,880 SF

      Rosedale Flex/Industrial Space Available

      Flex/Industrial space available for rent in Rosedale, Maryland.
      9101 Yellow Brick Rd, Rosedale, MD 21237
      View Details
    • Contact for pricing
      400 SF

      Rosedale Office Space Available

      400 SF office space for rent in Rosedale, MD.
      10101 Philadelphia Rd, Rosedale, MD
      View Details
    • Contact for pricing
      10,852 SF

      Rosedale Warehouse Space Available

      10,852 SF warehouse space for rent in Rosedale, MD.
      1901 62Nd St, Rosedale, MD 21237
      View Details
    • Contact for pricing
      3,200 SF

      Rosedale Flex Space Available

      Flex space for lease with office buildout and parking.
      1100 Batavia Farm Rd, Rosedale, MD
      View Details
    • Contact for pricing
      2,152 SF

      Rosedale Medical Office Space

      Medical office space for lease near Franklin Square Hospital.
      9106 Philadelphia Rd, Rosedale, MD
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Rosedale, MD

      Retail space available at a busy intersection in Rosedale.
      8631-8665 Philadelphia Rd, Rosedale, MD
      View Details
    • Contact for pricing
      3,456 SF

      Former Bank Building with Drive-Thru

      3,456 SF former bank with three drive-thru lanes.
      6417 Petrie Way Rd, Rosedale, MD
      View Details

    FAQs

    What type of property is this?
    Retail property - Exceptional Single-Tenant Retail Opportunity
    Where is this retail property located?
    The property is located at 6417 Petrie Way Rd Rosedale, MD.
    What are key features of this property?
    This property features: Retail pad site totaling 3,456 square feet.; Single-tenant occupancy.; Located in a dominant Baltimore County retail power center, near the Baltimore Beltway.
    (703) 268-2710 Call to check price and availability
    Request Owner's contact information
    6417 Petrie Way Rd Rosedale, MD 21237
    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.
    6417 Petrie Way Rd
    Rosedale, MD 21237
    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
    6417 Petrie Way Rd Rosedale, MD 21237
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dimitri Georgelakos
    Dimitri Georgelakos
    (703) 268-2710 (703) 268-2727
    Learn more
    Google sign-in failed. Please try again or use another login method.