9110 Liberty Rd Randallstown, MD 21133
Property profile & analytics
9110 Liberty Rd Randallstown, MD 21133
- Retail space
- 14,378 SF
- 2.26 lot acres
Property ID
US40-0882946
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 9110 Liberty Rd
- Year built
- 2001
- Construction
- BRICK
- Lot size
- 2.26 lot acres
- Property size
- 14,378 SF
- Property type
- Retail space
- APN
- 02-2300011587
- APU
- 22300011587
Description
This exceptional investment opportunity presents a 14,448-square-foot Walgreens pharmacy in Randallstown, Maryland, boasting a strong 6.20% cap rate and a substantial net operating income (NOI) of $333,270. The property, built in 2001 and situated on a 2.26-acre lot, benefits from a long-term NNN lease with Walgreens expiring November 30, 2038, providing approximately 14 years of remaining lease term. The lease includes twelve 5-year renewal options with a 5% rent increase every five years and in each option period. This strategically located property enjoys excellent visibility and accessibility along Liberty Road (22,173 vehicles per day), near the intersection with Offutt Road (7,674 VPD), and approximately 3.3 miles from Interstate 695 (199,882 VPD). Its proximity to other major retailers, including 7-Eleven, Advance Auto Parts, and the Randallstown Plaza Shopping Center, further enhances its appeal. The property's location within Randallstown's primary retail and commercial corridor, surrounded by a significant student population and close to Northwest Hospital, contributes to its strong tenant base and consistent cash flow. The property is part of the Baltimore-Columbia-Towson, MD MSA, a large metropolitan area with a diverse economy and strong employment base. This presents a compelling investment opportunity with significant long-term potential. The asking price is $5,375,323, translating to a price per square foot of $372.05.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,905,000
- ML approach
- $4,900,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,390,000
- 6.5%
- $3,130,000
- 7%
- $2,905,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,855,000
Market price range: $1.59M - $4.65M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,065,000 Current use
- AUTO REPAIR, GARAGE
- $6,475,000 Change: +111% Conversion: Difficult
- RESTAURANT
- $5,690,000 Change: +86% Conversion: Easy
- COMMERCIAL (GENERAL)
- $4,780,000 Change: +56% Conversion: Easy
- WAREHOUSE, STORAGE
- $3,715,000 Change: +21% Conversion: Difficult
- OFFICE BUILDING
- $3,410,000 Change: +11% Conversion: Easy
- MEDICAL BUILDING
- $3,270,000 Change: +7% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Randallstown
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.7999
- Latitude
- 39.3701
- 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
$12,608
$452,000
$1,484,900
$1,936,900
-
$452,000
$1,484,900
$1,936,900
