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    8716 Liberty Rd Randallstown, MD 21133
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    8716 Liberty Rd Randallstown, MD 21133

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    • Commercial real estate
    • 0.73 lot acres
    For Lease
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    Retail Space Near Walmart For Lease
    Contact for pricing

    Retail Space Near Walmart

    Retail space available near Walmart on Liberty Road.

    8716 Liberty Rd, Randallstown, MD 21133
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    Property ID
    US40-1812791
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 8716 Liberty Rd

    Lot size
    0.73 lot acres
    Zone code
    BLCCC
    Property type
    Commercial real estate
    APN
    02-1600013456
    APU
    21600013456

    Description

    This exceptional 31,920-square-foot retail property is situated at the highly visible northwest corner of Liberty Road and Brenbrook Drive in Randallstown, Maryland. The single-tenant building sits on a 0.73-acre lot, zoned BL-AS (Business Local - Auto Service), offering significant potential for a variety of commercial uses. Currently vacant, this property presents a unique opportunity for businesses seeking high visibility and accessibility. Its prime location benefits from substantial traffic generated by the adjacent Walmart and surrounding retail establishments, ensuring a consistent flow of potential customers. The property's size and zoning provide flexibility for adaptive reuse, catering to a range of commercial ventures. The address is 8716 Liberty Road, Randallstown, MD 21133, within Baltimore County. This location offers easy access to major roadways and a strong customer base, making it an ideal investment for businesses seeking a prominent presence in a thriving commercial area. The entire 31,920 square feet is available for lease. The property's strategic location and ample space make it an attractive proposition for businesses looking to establish or expand their operations in a high-traffic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Randallstown
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.7848
    Latitude
    39.3639
    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
    $3,055
    $0.00
    $0.00
    $465,867
    -
    $411,900
    $54,300
    $466,200

    Comparable in this City

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    • Value Estimation
      $825,000
      4,505 SF

      9434 Liberty Rd

      COMMERCIAL (GENERAL) • 4,505 SF
      9434 Liberty Rd, Randallstown, MD 21133-2702
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    • Value Estimation by Request
      1,892 SF

      8916 Liberty Rd

      COMMERCIAL (GENERAL) • 1,892 SF
      8916 Liberty Rd, Randallstown, MD 21133-4235
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    • Value Estimation
      $1,450,000
      0.60 Acres

      8523 Liberty Rd

      COMMERCIAL (GENERAL) • 0.60 Acres
      8523 Liberty Rd, Randallstown, MD 21133
      View Details
    • Value Estimation
      $700,000
      2,258 SF

      9322 Liberty Rd

      COMMERCIAL (GENERAL) • 2,258 SF
      9322 Liberty Rd, Randallstown, MD 21133-3526
      View Details
    • Value Estimation by Request
      0.31 Acres

      Langrehr Rd

      COMMERCIAL (GENERAL) • 0.31 Acres
      Langrehr Rd, Randallstown, MD 21133
      View Details

    Similar Nearby for Sale

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      Randallstown Land on Liberty Road

      High-traffic location suitable for commercial, mixed-use, or redevelopment.
      9314 Liberty Rd, Randallstown, MD 21133
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    • $295,000

      Land For Sale

      Land available for sale.
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      14,448 SF

      Walgreens NNN Lease Investment Opportunity

      Walgreens NNN lease with ±12.9 years remaining in Randallstown, MD.
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    Similar Nearby for Lease

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      2,750 SF

      Office Space Available For Rent

      Office space available for rent, approximately 2,750 square feet.
      5400 Old Court Rd, Randallstown, MD 21133
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      Medical/General Office Suites Available

      Suites near Northwest Hospital, Liberty & Old Court Roads.
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      13,846 SF

      Randallstown Retail Space For Rent

      Retail space available near Liberty Plaza and Liberty Court.
      3506 Brenbrook Dr, Randallstown, MD 21133
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      6,045 SF

      Randallstown Retail Space Available

      Retail space available in Randallstown's premier shopping center.
      8606-8660 Liberty Rd, Randallstown, MD 21133
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      Warehouse Space Near 795

      Warehouse space with drive-in door and high ceilings.
      9635 Liberty Rd, Randallstown, MD 21133
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      Retail Space Near Walmart

      Retail space available near Walmart on Liberty Road.
      8716 Liberty Rd, Randallstown, MD 21133
      View Details
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    Randallstown, MD 21133
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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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    8716 Liberty Rd, Randallstown, MD, 21133
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