Multi-Use Retail and Office
For Sale
$649,000
9833 Liberty Rd, Randallstown, MD 21133
A 3,000-square-foot building with 45 private parking spaces and BL CCC zoning supporting retail, medical, banking, and restaurant uses.
Property Size3,000 SF
Lot Size1.00 Acre
Price / SF$216.33
Days on Market55
Property Features for 9833 Liberty Rd
General Information
Standard status
Active
Size
3,000 SF
Class
B
Total Parking Spaces
45
Lot size
1.00 Acre
Property subtype
retail
Zoning
BL CCC
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Baltimore
(443) 931-3333
Listed By:
Antony Gross · License #524122
(443) 931-3333
Source:
Property.jll
Added: Jun 28
Changed: Aug 13
Last Checked: Aug 21 at 4:01AM
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 Baltimore
Investment Insights
Based on property information with market context.
9852 Liberty Road is a 3,000-square-foot commercial building on a full acre, designed to support a range of retail and service uses. The property includes a private parking lot with 45 spaces, which can help support customer access and daily operations. The building is zoned BL CCC, offering flexibility for tenants and owner-users seeking a multi-use site.
The site provides direct access to Liberty Road (MD-26) and connects regionally to I-695 (Baltimore Beltway) and I-795 (Northwest Expressway). It sits along a commercially developed corridor with national retailers and long-standing local businesses.
With BL CCC zoning supporting retail, medical, banking, and restaurant operations, this property can fit a variety of business types, whether you’re an operator looking to establish a presence or an investor evaluating a multi-use asset. The combination of direct main-road access and on-site parking supports practical day-to-day customer and employee needs for compatible uses.
The site provides direct access to Liberty Road (MD-26) and connects regionally to I-695 (Baltimore Beltway) and I-795 (Northwest Expressway). It sits along a commercially developed corridor with national retailers and long-standing local businesses.
With BL CCC zoning supporting retail, medical, banking, and restaurant operations, this property can fit a variety of business types, whether you’re an operator looking to establish a presence or an investor evaluating a multi-use asset. The combination of direct main-road access and on-site parking supports practical day-to-day customer and employee needs for compatible uses.
Key Highlights
- 3,000‑square‑foot building on a full acre with a 45‑space private parking lot
- BL CCC zoning supports retail, medical, banking, and restaurant uses
- Direct access to Liberty Road (MD‑26) along a heavily trafficked commercial strip
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,461
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$849,220
$849.2K
Cap Rate 7%
$606,586
$606.6K
Cap Rate 9%
$471,789
$471.8K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.8K $21.60/SF
− Vacancy
−$4.1K −$1.38/SF
EGI
$60.7K $20.22/SF
− OpEx
−$18.2K −$6.07/SF
NOI
$42.5K $14.15/SF
Area
Baltimore County, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$849,220
Cap Rate 7%
$606,586
Cap Rate 9%
$471,789
Alternative Uses
Best Use
Retail
$606.6K
$530.8K – $707.7K
NOI $42,461 @ 7.0% cap · market cap 6.54%
Second Best
Healthcare Medical
$518.7K
$453.9K – $605.2K
NOI $36,310 @ 7.0% cap · market cap 5.59%
Theoretical Best
Multifamily LT 5
$29.11M
$25.47M – $33.96M
NOI $2,037,413 @ 7.0% cap · market cap 313.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Explore this area
Business Placement
Demographics for 21133, MD
30,527
Population
12,785
Households
2.4
Avg Household Size
42
Median Age
35%
College-Educated
90%
High-School Grad
9.0 sq mi
ZIP Area
3,392
Density / Sq Mi
$84,248
Median Household Income
$46,899
Median Earnings
$1,518
Median Rent
$302,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - A 3,000-square-foot building with 45 private parking spaces and BL CCC zoning supporting retail, medical, banking, and restaurant uses.
Where is this retail space located?
The property is located at 9833 Liberty Rd Randallstown, MD.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 3,000‑square‑foot building on a full acre with a 45‑space private parking lot; BL CCC zoning supports retail, medical, banking, and restaurant uses; Direct access to Liberty Road (MD‑26) along a heavily trafficked commercial strip
