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Property summary
This exceptional investment opportunity presents a 14,448-square-foot Walgreens pharmacy in Randallstown, Maryland, boasting a strong 6.20% cap rate and a substantial net operating income (NOI) of $333,270. The property, built in 2001 and situated on a 2.26-acre lot, benefits from a long-term NNN lease with Walgreens expiring November 30, 2038, providing approximately 14 years of remaining lease term. The lease includes twelve 5-year renewal options with a 5% rent increase every five years… and in each option period. This strategically located property enjoys excellent visibility and accessibility along Liberty Road (22,173 vehicles per day), near the intersection with Offutt Road (7,674 VPD), and approximately 3.3 miles from Interstate 695 (199,882 VPD). Its proximity to other major retailers, including 7-Eleven, Advance Auto Parts, and the Randallstown Plaza Shopping Center, further enhances its appeal. The property's location within Randallstown's primary retail and commercial corridor, surrounded by a significant student population and close to Northwest Hospital, contributes to its strong tenant base and consistent cash flow. The property is part of the Baltimore-Columbia-Towson, MD MSA, a large metropolitan area with a diverse economy and strong employment base. This presents a compelling investment opportunity with significant long-term potential. The asking price is $5,375,323, translating to a price per square foot of $372.05.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 10 properties nearbyComparable nearby
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 14,378 SF
- Lot area
- 2.26 ac
- Year built
- 2001
- Stories
- 1
- APN
- 02-2300011587
- Assessed value · 2023
- $1,936,900
- Annual tax · 2023
- $12,608
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $12,608
- Selected cap rate
- Restaurant
- Commercial (general)
- Warehouse, Storage
- Office Building
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Randallstown market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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