2724 Spg Hl Rd, Owings Mills, MD 21117-4311
This exceptional investment opportunity encompasses seven parcels totaling approximately 1.9 acres in Owings Mills, MD. The package includes five unimproved commercial lots and two improved lots, one with a 2,836 square foot, single-story, vacant Class B office building constructed in 1950. The property offers significant potential for development or redevelopment in a highly desirable location near Greenspring Valley Golf Club and prestigious schools. The existing office building features 2,836 square feet of net rentable space and five parking spaces. Zoning varies across the lots, with some zoned R and others zoned RC-2 and DR-2. The property is being sold as a fee simple ownership, free and clear of all liens. While currently occupied, the property will be delivered vacant at settlement. Detailed tax information for each parcel is available. Potential buyers are responsible for verifying zoning, permits, and usage independently. Please note that parcel highlights may not be entirely accurate
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
DR2 · 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.