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

    10113 Reisterstown Rd Owings Mills, MD 21117-3814

    • Retail space
    • 1,893 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0721372
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 10113 Reisterstown Rd

    Year built
    1970
    Construction
    BRICK
    Lot size
    0.31 lot acres
    Property size
    1,893 SF
    Zone code
    BL
    Property type
    Retail space
    APN
    04-1600000535
    APU
    41600000535

    Description

    This exceptional restaurant property, located at 10113-10117 Reisterstown Road in Owings Mills, Maryland, 21117, presents a unique investment opportunity. Priced at $3,500,000, this retail space boasts a highly desirable location directly across from a 400,000 square foot Wegmans. Its proximity to the 1.2 million square foot Metro Centre at Owings Mills, less than a mile away, ensures high visibility and foot traffic. The property benefits from direct access and frontage on Reisterstown Road (Route 140), providing excellent street exposure. The building includes additional spaces suitable for a second-generation restaurant and a dry cleaner, offering expansion potential or additional income streams. This property is anchored within the Foundry Row development and enjoys convenient access to I-795 via Owings Mills Boulevard and I-695, enhancing its accessibility for both customers and employees. The property is zoned BL. This prime location and versatile space make it an ideal investment for discerning restaurant owners or developers seeking a thriving commercial venture in a bustling Baltimore County community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Owings Mills
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.7726
    Latitude
    39.4147
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,550
    $0.00
    $0.00
    $385,500
    -
    $203,400
    $201,500
    $404,900

    Comparable in this City

    • Value Estimation
      $4,615,000
      44,714 SF

      11299 Owings Mls Blvd

      RETAIL STORES (PERSONAL SERVICES) • 44,714 SF
      11299 Owings Mls Blvd, Owings Mills, MD 21117-2902
      View Details
    • Value Estimation
      $670,000
      8,190 SF

      10425 Reisterstown Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,190 SF
      10425 Reisterstown Rd, Owings Mills, MD 21117-3505
      View Details
    • Value Estimation
      $645,000
      7,200 SF

      11406 Reisterstown Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,200 SF
      11406 Reisterstown Rd, Owings Mills, MD 21117-1814
      View Details
    • Value Estimation
      $1,945,000
      9,762 SF

      10902 Blvd Cir, Unit 6

      RETAIL STORES (PERSONAL SERVICES) • 9,762 SF
      10902 Blvd Cir, Owings Mills, MD 21117-7809
      View Details
    • Value Estimation by Request
      776 SF

      10810 Reisterstown Rd

      RETAIL STORES (PERSONAL SERVICES) • 776 SF
      10810 Reisterstown Rd, Owings Mills, MD 21117-2704
      View Details
    • Value Estimation by Request
      844 SF

      11418 Reisterstown Rd

      RETAIL STORES (PERSONAL SERVICES) • 844 SF
      11418 Reisterstown Rd, Owings Mills, MD 21117-1837
      View Details

    Similar Nearby for Sale

    • $3,500,000

      Retail Property Near Foundry Row

      Freestanding retail buildings with drive-thru near Wegmans and Metro Centre.
      10117 Reisterstown Rd, Owings Mills, MD 21117
      View Details
    • Contact for pricing
      109,680 SF

      Owings Mills Self-Storage Facility

      Modern, 109,680 SF Self-Storage Investment
      10544 Reisterstown Rd, Owings Mills, MD 21117
      View Details
    • $240,000

      First Floor Condo with Privacy

      Open floor plan, 2 bedrooms, 2 baths, new floors.
      3006 Hunting Ridge Dr, Owings Mills, MD 21117
      View Details
    • $1,425,000

      Specialty Property in Owings Mills

      Specialty property available for sale in Owings Mills, Maryland.
      4 Chittenden Ln, Owings Mills, MD 21117
      View Details
    • $735,000

      Specialty Property in Owings Mills

      Specialty property available for sale in Owings Mills, Maryland.
      3649 Epping Forest Way, Owings Mills, MD 21117
      View Details
    • $329,900

      Owings Mills Specialty Property

      Specialty property available for sale in Owings Mills, Maryland.
      49 Merino Ct, Owings Mills, MD 21117
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,534 SF

      Mixed-Use Property in Reisterstown Corridor

      Professional office and retail space with on-site amenities and parking.
      9199 Reisterstown Rd, Owings Mills, MD 21117
      View Details
    • Contact for pricing
      1,290 SF

      Retail Space in Owings Mills

      Retail spaces available in a densely populated, high-income area.
      9700-9706 Middle Mill Dr, Owings Mills, MD 21117
      View Details
    • Contact for pricing
      6,403 SF

      Retail Space in Owings Mills

      Up to 6,500 SF available near major retailers.
      11130-1134 Reisterstown Rd, Owings Mills, MD 21117
      View Details
    • Contact for pricing
      2,145 SF

      Retail Space with High Visibility

      Retail space with excellent visibility and access on Reisterstown Road.
      9400-9404 Reisterstown Rd, Owings Mills, MD 21117
      View Details
    • Contact for pricing
      2,509 SF

      Owings Mills Retail Space Available

      Retail spaces available in regional shopping center, Owings Mills.
      9616 Reisterstown Rd, Owings Mills, MD 21117
      View Details
    • Contact for pricing
      1,460 SF

      Mixed-Use Building with Retail Space

      Four-story Class A building with office and retail space.
      10200 Grand Central Ave, Owings Mills, MD 21117
      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.
    10113 Reisterstown Rd
    Owings Mills, MD 21117-3814
    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.