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    Property profile & analytics

    1809 Reisterstown Rd Pikesville, MD 21208

    • Lifestyle centers
    • 81,015 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1809 Reisterstown Rd

    Property size
    81,015 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Festival at Woodholme, a retail shopping center located at 1809 Reisterstown Rd in Pikesville, Maryland, 21208, offers exceptional leasing opportunities. This Baltimore County property boasts a total of 81,015 square feet and comprises four suites. Currently, there are 9,523 square feet of vacant space available, offering flexibility for various retail businesses. The minimum leasable space is 1,600 square feet, while the maximum contiguous space available is 3,513 square feet. This allows for businesses of different sizes to find a suitable space within the center. The property's prime location in Pikesville provides excellent visibility and accessibility for customers. The center's existing tenant mix creates a vibrant and attractive shopping environment. This is an ideal opportunity for businesses seeking a well-established retail location in a thriving community. The property is classified as a shopping center with multiple tenancies. Interested parties should inquire about available spaces and lease terms. The property is conveniently located in Baltimore County, Maryland, offering easy access to major transportation routes and a strong customer base.

    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
      11,048 SF

      505-509 Reisterstown Rd

      Lifestyle centers • 11,048 SF
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    • Value Estimation by Request
      6,725 SF

      220-228 Reisterstown Rd

      Lifestyle centers • 6,725 SF
      220-228 Reisterstown Rd, Pikesville, MD 21208
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    • Value Estimation by Request
      12,500 SF

      44 Sudbrook Ln

      Neighborhood centers • 12,500 SF
      44 Sudbrook Ln, Pikesville, MD 21208
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    • Value Estimation
      $2,795,000
      19,152 SF

      3755 Old Ct Rd

      MINI-MALL • 19,152 SF
      3755 Old Ct Rd, Baltimore, MD 21208-3918
      View Details
    • Value Estimation
      $1,345,000
      8,208 SF

      1425 Reisterstown Rd

      SHOPPING CENTER, STRIP CENTER • 8,208 SF
      1425 Reisterstown Rd, Baltimore, MD 21208-3808
      View Details
    • Value Estimation
      $1,250,000
      12,000 SF

      700 Reisterstown Rd

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      700 Reisterstown Rd, Baltimore, MD 21208-4202
      View Details

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      26,847 SF

      Pikesville Retail Investment Opportunity

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    • $395,000
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      Retail Space on Reisterstown Road

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    Similar Nearby for Lease

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      12,500 SF

      Pikesville Retail Space For Lease

      Prime Pikesville location, 3,400 SF available.
      44 Sudbrook Ln, Pikesville, MD 21208
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    • $12 SF/Yr
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      Pikesville Office Space: 500 SF Available

      Turnkey office suite in prime Pikesville location.
      8 Sudbrook Ln, Pikesville, MD 21208
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      Pikesville Office Space: 1,000 SF Available

      Recently renovated, prime Pikesville location.
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      5,770 SF

      Pikesville Medical Office Space For Lease

      Free-standing medical office building; high visibility.
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      Retail and office complex in Pikesville staple location.
      1330 Reisterstown Rd, Pikesville, MD 21208
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      2,561 SF

      Retail Space on Reisterstown Road

      Retail property with high visibility and ample parking.
      4039-5451 Reisterstown Rd, Baltimore, MD 21208
      View Details
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    1809 Reisterstown Rd
    Pikesville, MD 21208
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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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