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

    607 Reisterstown Rd Baltimore, MD 21208-5115

    • Strip malls
    • 4,800 SF
    • 0.42 lot acres
    OFF-MARKET
    Last Sale
    Apr 18, 2024
    $1,225,000
    Value Estimations
    $1,165,000
    Show details
    Cap Rate Potential
    6.3%
    Strip malls
    Location Intelligence
    Property ID
    US40-1519135
    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

    • Domino's Pizza / Chicken Wings Restaurant / Pizza Restaurant
    • Yesh Hummus and Grill / Israeli Restaurant
    • Dazzling Desserts / Dessert Shop
    • RitePriceUsa TV & Hair store / Electronics Store

    Property Details for 607 Reisterstown Rd

    Year built
    1970
    Construction
    BRICK
    Lot size
    0.42 lot acres
    Property size
    4,800 SF
    Zone code
    BL
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    03-0308056930
    APU
    30308056930

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,225,000
      ML approach
      $1,225,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,295,000
      6.5%
      $1,195,000
      7%
      $1,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $932,000
      Market price range: $454k - $1.23M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $880,000
      Current use
      AUTO REPAIR, GARAGE
      $1,110,000
      Change: +26% Conversion: Difficult
      OFFICE BUILDING
      $985,000
      Change: +12% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $790,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.7178
    Latitude
    39.3699
    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
    $6,478
    $0.00
    $0.00
    $632,600
    -
    $290,800
    $408,100
    $698,900

    Comparable in this City

    • Value Estimation by Request
      8,208 SF

      1425 Reisterstown Rd

      SHOPPING CENTER, STRIP CENTER • 8,208 SF
      1425 Reisterstown Rd, Baltimore, MD 21208-3808
      View Details
    • Value Estimation by Request
      12,000 SF

      700 Reisterstown Rd

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      700 Reisterstown Rd, Baltimore, MD 21208-4202
      View Details
    • Value Estimation by Request
      5,608 SF

      1430 Reisterstown Rd

      SHOPPING CENTER, STRIP CENTER • 5,608 SF
      1430 Reisterstown Rd, Baltimore, MD 21208-3843
      View Details
    • Value Estimation
      $11,890,000
      6,776 SF

      1510 Reisterstown Rd

      SHOPPING CENTER, STRIP CENTER • 6,776 SF
      1510 Reisterstown Rd, Pikesville, MD 21208-3814
      View Details
    • Value Estimation
      $270,000
      5,050 SF

      509 Reisterstown Rd

      SHOPPING CENTER, STRIP CENTER • 5,050 SF
      509 Reisterstown Rd, Baltimore, MD 21208-5333
      View Details
    • Value Estimation by Request
      4,464 SF

      1437 Reisterstown Rd

      SHOPPING CENTER, STRIP CENTER • 4,464 SF
      1437 Reisterstown Rd, Baltimore, MD 21208-3808
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,847 SF

      Pikesville Retail Investment Opportunity

      8,900 SF top floor available in remodeled Pikesville property.
      1401 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • $395,000
      2,784 SF

      Retail Space on Reisterstown Road

      2,784 SF retail space with high traffic and parking.
      1416 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • $449,900
      1,869 SF

      Pikesville Mixed-Use Property - Live & Work

      Prime Pikesville location, versatile mixed-use building.
      12 Sudbrook Ln, Pikesville, MD 21208
      View Details
    • Contact for pricing
      1.50 Acres

      Pikesville Development Land - 1.5 Acres

      Prime Pikesville location, high visibility, development potential.
      0 Old Ct Rd Near Reisterstown Rd, Lochearn, MD 21208
      View Details
    • $589,990

      Pikesville Specialty Property For Sale

      Specialty property available for purchase in Pikesville, Maryland.
      224 Birdie Ct, Pikesville, MD 21208
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    • $760,000

      Baltimore Specialty Property for Sale

      Specialty property available for purchase in Baltimore, Maryland.
      8402 Topping Rd, Baltimore, MD 21208
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    Similar Nearby for Lease

    • $22 SF/Yr
      850 SF

      Retail Space in Pikesville

      Retail space available in Slade Village, Pikesville, Maryland.
      302 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • Contact for pricing
      12,500 SF

      Pikesville Retail Space For Lease

      Prime Pikesville location, 3,400 SF available.
      44 Sudbrook Ln, Pikesville, MD 21208
      View Details
    • Contact for pricing
      1,420 SF

      Retail Space in Alley Shops

      Retail and office complex in Pikesville staple location.
      1330 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • Contact for pricing
      1,203 SF

      Retail Space on Reisterstown Road

      Retail space with high visibility in Baltimore retail corridor.
      1809 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • Contact for pricing
      1,610 SF

      Grocery-Anchored Retail Space Available

      Retail space in grocery-anchored center with high visibility.
      1433-1439 Reisterstown Rd, Pikesville, MD 21208
      View Details
    • Contact for pricing
      2,512 SF

      Grocery-Anchored Retail Space Available

      Retail space available in Pikesville, Maryland shopping center.
      3755 Old Court Rd, Pikesville, MD 21208
      View Details
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    607 Reisterstown Rd
    Baltimore, MD 21208-5115
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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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