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Property profile & analytics
OFF-MARKET
Estimated value
$3,310,000
Retail space
11130 Reisterstown Rd, Owings Mills, MD 21117-2127
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-2409975
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
BRICK
Total area
13,300 SF
Lot
4.04 ac (175,982 SF)
Zoning code
BM
APN
04-2300008125
UPID
US40-2409975
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.94M
CAP Approach
CAP
$2.90M
Comparable Approach
Comparable
$3.79M
Blend (final)
Blend
$3.31M
Owner & transaction history
11130 Reisterstow LLC · 5 yrs held
11130 Reisterstow LLC
since 2020
Last sale
$3.2M
6 recorded transactions
Zoning & alternative use
BM · Owings Mills, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+85.6%
Commercial (general)
$4.4M
+56.0%
Warehouse, storage
$3.4M
+21.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Owings Mills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Owings Mills submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,950,000
ML approach
$3,935,000
CAP Approach
CAP Return
Estimation
6%
$3,135,000
6.5%
$2,895,000
7%
$2,690,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,835,000
Current use
RESTAURANT
$5,260,000
Change: +86% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,420,000
Change: +56% · Conversion: Easy
WAREHOUSE, STORAGE
$3,440,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$3,155,000
Change: +11% · Conversion: Easy
MEDICAL BUILDING
$3,025,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$3.31M
Range $2.98M – $3.64M · ±10% · vs last sale $3.19M (Jul 30 2020)
Last sale anchor
$3.19M
Jul 30 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$249 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,350
Tax year 2023
Assessed value
$2,568,600
Assessed 2023
Previous assessed
$2,569,700
0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$1,462,300
Assessed improvement
$1,106,300
Land market value
$1,462,300
Improvement market value
$1,106,300
Total market value
$2,568,600
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
13,300 SF
Lot
4.04 ac (175,982 SF)
Zoning code
BM
APN
04-2300008125
UPID
US40-2409975
Jurisdiction
BALTIMORE
Zoning & alternative use
BM · Owings Mills, MD
Zoning BM · permitted uses
BM · Owings Mills, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Owings Mills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.8M
RESTAURANT
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.0M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
4.04 ac
Current owner
From public records · entity-resolved
11130 Reisterstow LLC
Entity
Mailing address
1340 SMITH AVE STE #300, BALTIMORE, MD 21209-3797
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2020
$3,185,000
11130 Reisterstow LLC
Cedar-metro Square II LLC
Grant Deed
$2,000,000 · Farmers & Merchants Nat'l Bk
Apr 30, 2012
—
Cedar Metro Square II LLC
—
Deed Of Trust
related
$500,000,000 · Bank Of America
Oct 14, 2008
$2,250,000
Cedar-metro Square II LLC
Sfw Strip LLC
Grant Deed
—
Aug 5, 2004
$2,113,694
Sfw Strip LLC
G-h Reisterstown Properties LLC
Grant Deed
—
—
—
Cedar-metro Square II LLC
—
Deed Of Trust
related
$400,000 · Bank Of America
—
—
Cedar Metro Square II LLC
—
Deed Of Trust
related
$400,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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