11021 Reisterstown Rd Owings Mills, MD 21117-2432
This exceptional investment opportunity presents a package of four adjacent properties totaling 3.29 acres on Reisterstown Road in Owings Mills, Maryland. The properties, located at 11015, 11017, 11019, and 11021 Reisterstown Road, are being sold as a package for $1,699,960. The OR2 zoning allows for versatile development options, including professional offices, restaurants, banks, and residential units. The high-traffic location offers excellent visibility and accessibility. Two of the houses are currently rented on month-to-month leases with no outstanding rent. One house has recently undergone renovations, including a new HVAC system with a three-year warranty, security cameras, and two electric meters. Another house is ready for renovation with a stable foundation. The property's proximity to Foundry Row shopping center, Wegmans, Target, Costco, Mill Station Shopping Center, Marriott Owings Mills Metro Centre, and Stevenson University adds significant value. The existing rental income provides a potential return on investment while offering significant long-term growth potential. Buyer to verify all specifics. This is a rare opportunity for developers or long-term investors seeking a substantial land holding in a prime location. Special exception uses permitted include hotels, health clubs, and parking structures.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RO · Owings Mills, MDOwings Mills. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.