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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5900 Reisterstown Rd Baltimore, MD 21215

    • Strip malls
    • 24,729 SF
    • 1.44 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0011096
    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

    • Blade Master Barber Shop / Barber Shop
    • Dollar General / Dollar Store / Convenience Store
    • Western Union / Money Transfer Service / Money Order Service
    • Braiding House 2 / Hair Salon
    • Liquor Mart / Liquor Store / Beer Store

    Property Details for 5900 Reisterstown Rd

    Year built
    1942
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.44 lot acres
    Property size
    24,729 SF
    Zone code
    C-4
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    28-01-4416 -039
    APU
    28014416039

    Description

    This exceptional retail opportunity is located at 5900 Reisterstown Rd in Baltimore, Maryland, zip code 21215. The property, known as Menlo Plaza, offers a total of 1,024 square feet of space, currently entirely vacant and available for lease. The space is ideally suited for a salon or similar retail business. The property is categorized as a multi-tenant retail building situated in Baltimore County. The address is easily accessible and benefits from high visibility along Reisterstown Road. This presents a unique chance for a business to establish a strong presence in a well-populated area of Baltimore. The entire 1,024 square feet is available, providing ample space for a variety of retail configurations. Interested parties are encouraged to inquire about lease terms and conditions. The property's location in Baltimore, MD offers excellent access to major transportation routes and a diverse customer base. This is a prime opportunity for a business seeking a well-located, spacious retail space in a thriving Baltimore community. The property is ready for immediate occupancy. Contact us to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,338,000
      Market price range: $2.34M - $6.31M

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6962
    Latitude
    39.3512
    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
    $26,505
    $344,700
    $778,400
    $1,123,100
    -
    $344,700
    $778,400
    $1,123,100

    Comparable in this City

    • Value Estimation
      $7,020,000
      85,356 SF

      6812 Reisterstown Rd

      SHOPPING CENTER, STRIP CENTER • 85,356 SF
      6812 Reisterstown Rd, Baltimore, MD 21215-1428
      View Details
    • Value Estimation
      $1,545,000
      17,460 SF

      Baltimore, MD 21215

      SHOPPING CENTER, STRIP CENTER • 17,460 SF
      Baltimore, MD 21215
      View Details
    • Value Estimation
      $2,525,000
      28,185 SF

      Baltimore, MD 21215

      SHOPPING CENTER, STRIP CENTER • 28,185 SF
      Baltimore, MD 21215
      View Details
    • Value Estimation
      $975,000
      10,920 SF

      3752 Belvedere Ave

      SHOPPING CENTER, STRIP CENTER • 10,920 SF
      3752 Belvedere Ave, Baltimore, MD 21215-5708
      View Details
    • Value Estimation
      $4,145,000
      47,070 SF

      4400 Park Hts Ave

      SHOPPING CENTER, STRIP CENTER • 47,070 SF
      4400 Park Hts Ave, Baltimore, MD 21215-6324
      View Details
    • Value Estimation
      $2,110,000
      36,170 SF

      4101 Patterson Ave

      SHOPPING CENTER, STRIP CENTER • 36,170 SF
      4101 Patterson Ave, Baltimore, MD 21215-2221
      View Details

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      Baltimore Restaurant Property For Sale

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    Similar Nearby for Lease

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      56,245 SF

      Hilltop Shopping Center: Baltimore Retail

      Prime Baltimore retail space available. Excellent visibility & parking.
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      Retail Space in Dolfield Plaza

      Retail space for lease in Baltimore's Dolfield Plaza shopping center.
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      View Details
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      Retail Space in Dolfield Plaza

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      127,000 SF

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      Liberty Heights Retail Sublease Opportunity

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      View Details
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    Baltimore, MD 21215
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    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
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