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    9405 Liberty Rd Randallstown, MD 21133
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    9405 Liberty Rd Randallstown, MD 21133

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    • Warehouses
    • 17,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 9405 Liberty Rd

    Year built
    1989
    Property size
    17,000 SF
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional 17,000 square foot commercial property at 9405 Liberty Road in Randallstown, Maryland, offers a unique blend of office and warehouse space, ideal for diverse business needs. The building, constructed in 1989 and renovated in 2005, is classified as Class B and zoned BRCS2. Currently, there are multiple tenants, with 4,700 square feet of vacant space available. This space is divisible into units as small as 2,200 square feet, with a maximum contiguous space of 2,500 square feet. The property's location in Baltimore County, Maryland, zip code 21133, provides convenient access to major transportation routes. The building's versatile layout caters to businesses requiring both office and warehouse functionality, making it an attractive option for a variety of industries. The available space presents a significant opportunity for businesses seeking a well-maintained, adaptable space in a thriving location. The property's features include executive office space and distribution capabilities, making it suitable for a range of business models. This freestanding building offers a unique opportunity to establish or expand your business in a prime location. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Randallstown
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.8092
    Latitude
    39.373

    Comparable in this City

    • Value Estimation
      $19,695,000
      51,000 SF

      9631 Liberty Rd

      DISTRIBUTION WAREHOUSE • 51,000 SF
      9631 Liberty Rd, Randallstown, MD 21133-2434
      View Details
    • Value Estimation
      $890,000
      1,375 SF

      9325 Liberty Rd

      WAREHOUSE, STORAGE • 1,375 SF
      9325 Liberty Rd, Randallstown, MD 21133-3525
      View Details
    • Value Estimation
      $8,145,000
      28,800 SF

      9145 Liberty Rd

      MINI-WAREHOUSE, STORAGE • 28,800 SF
      9145 Liberty Rd, Randallstown, MD 21133-3530
      View Details
    • Value Estimation
      $565,000
      5,952 SF

      9323 Liberty Rd, Unit H

      WAREHOUSE, STORAGE • 5,952 SF
      9323 Liberty Rd, Randallstown, MD 21133-3525
      View Details
    • Value Estimation
      $865,000
      12,772 SF

      10700 Liberty Rd

      WAREHOUSE, STORAGE • 12,772 SF
      10700 Liberty Rd, Randallstown, MD 21133-1007
      View Details
    • Value Estimation by Request
      600 SF

      10225 Liberty Rd

      WAREHOUSE, STORAGE • 600 SF
      10225 Liberty Rd, Randallstown, MD 21133-1405
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Randallstown Land on Liberty Road

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      Land For Sale

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    • $225,000
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      Residential Land in Randallstown, MD

      4.34 acre residential land for sale in Randallstown, MD.
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    • Contact for pricing
      14,448 SF

      Walgreens NNN Lease Investment Opportunity

      Walgreens NNN lease with ±12.9 years remaining in Randallstown, MD.
      9110 Liberty Rd, Randallstown, MD 21133
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    Similar Nearby for Lease

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      Versatile Retail Building For Rent

      Retail building with office and warehouse space for diverse businesses.
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      Warehouse Space Near 795

      Warehouse space with drive-in door and high ceilings.
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      Medical/General Office Suites Available

      Suites near Northwest Hospital, Liberty & Old Court Roads.
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      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
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    • Contact for pricing

      Restaurant Space in Randallstown Plaza

      Restaurant space with hood, freezer, and storage equipment.
      3653 Offutt Rd, Randallstown, MD 21133
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    • $18 SF/Yr
      16,000 SF

      Randallstown Retail, Restaurant, Office Spaces

      Retail, restaurant, and office spaces available in Randallstown, MD.
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    Randallstown, MD 21133
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    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
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