Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1809 Reisterstown Rd Pikesville, MD 21208

    • Retail properties
    • 81,018 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1809 Reisterstown Rd

    Property size
    81,018 SF
    Property type
    Retail properties

    Description

    This exceptional retail opportunity is located at 1809 Reisterstown Road in Pikesville, Maryland, within the Festival at Woodholme shopping center in Baltimore County (zip code 21208). The property offers two available fitness spaces, ideal for a variety of uses. Each space boasts a minimum of 1,600 square feet and a maximum contiguous space of 1,605 square feet, providing flexibility for various business needs. A total of 3,205 square feet is currently vacant within the larger 81,018 square foot building, which houses a total of two suites. This prime location provides easy access from I-695, ensuring high visibility and convenient access for customers. The surrounding area features an affluent customer base and a mix of high-end destination retailers, creating a strong potential for success. The property is situated in Baltimore County, Maryland, offering a thriving market for retail businesses. This is a rare opportunity to secure a well-located space in a desirable shopping center. The property's convenient location and affluent customer base make it an attractive investment for businesses seeking a strong foothold in the Pikesville market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pikesville
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.7361
    Latitude
    39.3881

    Comparable in this City

    • Value Estimation by Request
      6,725 SF

      220-228 Reisterstown Rd

      Lifestyle centers • 6,725 SF
      220-228 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • Value Estimation by Request
      11,048 SF

      505-509 Reisterstown Rd

      Lifestyle centers • 11,048 SF
      505-509 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • Value Estimation by Request
      81,015 SF

      1809 Reisterstown Rd

      Lifestyle centers • 81,015 SF
      1809 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • Value Estimation by Request
      1,485 SF

      220 Reisterstown Rd

      Retail properties • 1,485 SF
      220 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • Value Estimation by Request
      105,223 SF

      Old Ct Rd. & Reisterstown Rd

      Restaurants • 105,223 SF
      0 Old Ct Rd. & Reisterstown Rd, Pikesville, MD 21208
      View Details
    • Value Estimation by Request
      12,500 SF

      44 Sudbrook Ln

      Neighborhood centers • 12,500 SF
      44 Sudbrook Ln, Pikesville, MD 21208
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,847 SF

      Pikesville Retail Investment Opportunity

      8,900 SF top floor available in remodeled Pikesville property.
      1401 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • $395,000
      2,784 SF

      Retail Space on Reisterstown Road

      2,784 SF retail space with high traffic and parking.
      1416 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • $550,000
      5,600 SF

      Historic Church - Pikesville, MD

      Versatile 5,600 sq ft Church on 2 Acres
      18 Stone Chapel Ln, Pikesville, MD 21208
      View Details
    • $225,000
      2.56 Acres

      Land in Greenspring Valley

      2.56 acre lot in Pikesville, MD, ready for development.
      8412 Park Heights Ave, Pikesville, MD 21208
      View Details
    • $399,000
      5.23 Acres

      Pikesville Land Opportunity

      5.23 acres in Pikesville, MD, suitable for multiple uses.
      Mcdonogh Rd, Pikesville, MD 21208
      View Details
    • $258,000

      Pikesville Specialty Property for Sale

      Specialty property available in Pikesville, Maryland.
      210 Mchenry Ave, Pikesville, MD 21208
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      2,000 SF

      Pikesville Office Space: 500 SF Available

      Turnkey office suite in prime Pikesville location.
      8 Sudbrook Ln, Pikesville, MD 21208
      View Details
    • $12 SF/Yr
      2,088 SF

      Pikesville Office Space: 1,000 SF Available

      Recently renovated, prime Pikesville location.
      8 Sudbrook Ln, Pikesville, MD 21208
      View Details
    • Contact for pricing
      5,770 SF

      Pikesville Medical Office Space For Lease

      Free-standing medical office building; high visibility.
      301 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • Contact for pricing
      12,500 SF

      Pikesville Retail Space For Lease

      Prime Pikesville location, 3,400 SF available.
      44 Sudbrook Ln, Pikesville, MD 21208
      View Details
    • Contact for pricing
      1,420 SF

      Retail Space in Alley Shops

      Retail and office complex in Pikesville staple location.
      1330 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • Contact for pricing
      3,400 SF

      Turnkey Retail Bank Branch Available

      Retail bank branch with drive-thru, ready for immediate occupancy.
      44-48 E Sudbrook Ln, Pikesville, MD 21208
      View Details
    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.
    1809 Reisterstown Rd
    Pikesville, MD 21208
    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

    Google sign-in failed. Please try again or use another login method.