Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11 Chestnut Hill Ln Reisterstown, MD 21136
    Back to Search
    Property profile & analytics

    11 Chestnut Hill Ln Reisterstown, MD 21136

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Glory Glow International Church / Church
    • Top Notch Grooming Salon / Pet Grooming Service
    • Grooming by Kassandra / Pet Grooming Service

    Property Details for 11 Chestnut Hill Ln

    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional single-tenant medical office building at 11 E Chestnut Hill Ln, Reisterstown, MD 21136, offers 2,941 square feet of versatile space. The property features a spacious open area complemented by five additional rooms, ideal for a variety of medical or professional uses. With a convenient location near Reisterstown Road and a bus stop, accessibility is maximized for both staff and clients. The building boasts 15 total parking spaces, ensuring ample parking for patients and employees. The 9-foot ceilings contribute to a bright and airy atmosphere. The property is situated in Baltimore County and is zoned BL, allowing for a wide range of permitted uses, including but not limited to medical or other offices, adult or child day care, and warehouse/retail. This presents a rare opportunity to lease a well-located, functional space in a thriving community. The building is a single-story structure, offering easy navigation and accessibility. Its proximity to public transportation and major roadways enhances its appeal and convenience. This property is ready for immediate occupancy and presents a unique opportunity for a business seeking a well-appointed and strategically located space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Reisterstown
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.8122
    Latitude
    39.4465

    Comparable in this City

    • Value Estimation by Request
      2,700 SF

      6701 Reisterstown Rd

      Office properties & Spaces • 2,700 SF
      6701 Reisterstown Rd, Reisterstown, MD 21136
      View Details
    • Value Estimation
      $825,000
      3,696 SF

      11722 Reisterstown Rd

      MEDICAL BUILDING • 3,696 SF
      11722 Reisterstown Rd, Reisterstown, MD 21136-3302
      View Details
    • Value Estimation by Request
      6,152 SF

      42 Westminster Pike

      VETERINARY, ANIMAL HOSPITAL • 6,152 SF
      42 Westminster Pike, Reisterstown, MD 21136-1025
      View Details
    • Value Estimation by Request
      4,526 SF

      1090 Westminster Pike

      CHARITABLE ORGANIZATION • 4,526 SF
      1090 Westminster Pike, Reisterstown, MD 21136-4633
      View Details
    • Value Estimation by Request
      9,015 SF

      11824 Reisterstown Rd

      FUNERAL HOME • 9,015 SF
      11824 Reisterstown Rd, Reisterstown, MD 21136-3306
      View Details
    • Value Estimation by Request
      8,874 SF

      13030 Hanover Pike

      VETERINARY, ANIMAL HOSPITAL • 8,874 SF
      13030 Hanover Pike, Reisterstown, MD 21136-4703
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      47,480 SF

      Reisterstown Commercial Space For Lease

      Versatile commercial space suitable for various businesses in Reisterstown, MD.
      11809-Front Reisterstown, Reisterstown, MD 21136
      View Details
    • Contact for pricing
      21,943 SF

      Main Street Retail Opportunity

      High-visibility retail space, immediate occupancy.
      600 Main St, Reisterstown, MD 21136
      View Details
    • Contact for pricing

      Reisterstown Business Center Flex Space

      Flex/R&D space in historic Reisterstown, Baltimore County.
      100-346 Business Center Dr, Reisterstown, MD 21136
      View Details
    • $2,500 /Mo

      Versatile Office Space on Reisterstown

      Adaptable office space with high visibility on Reisterstown Road.
      11809 -Front Reisterstown, Reisterstown, MD 21136
      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.
    11 Chestnut Hill Ln
    Reisterstown, MD 21136
    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

    Thank You for Inquiry
    11 Chestnut Hill Ln, Reisterstown, MD, 21136
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!