Property profile

10117 Reisterstown Rd Owings Mills, MD 21117

OFF-MARKET
Turn key restaurants
Property ID
US40-0926509
3,968 SF 0.74 ac lot Built 1970
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This property includes two freestanding commercial buildings totaling 1,893 square feet and 3,968 square feet and is positioned directly across from the Wegmans-anchored Foundry Row development. The site has drive-thru capability and offers direct access with frontage on Reisterstown Road (Route 140), plus access to I-795 via Owings Mills Boulevard and to I-695. It is located within about one mile of the Metro Centre at Owings Mills (approximately 1.2 million square feet). The property is configured with existing space suitable for a seafood restaurant and for a dry cleaner. Portions of the site are contemplated under ground lease options for approximately 1.4 to 2.9 acres, and the land is zoned BL and DR. Vehicular access is provided at the corner light intersection of Painters Mill Road and Reisterstown Road.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Construction BRICK
Total area 3,968 SF
Lot 0.74 ac (32,226 SF)
Zoning code BL
APN 04-1600000534
UPID US40-0926509

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10117 Reisterstown Rd Owings Mills, MD 21117-3814
Owings Mills metro Census 404202 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$770k

Owner & transaction history

since 2019
1 recorded transaction
2019
$2.1M

Zoning & alternative use

BL · Owings Mills, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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