9015 Liberty RdRandallstown, MD 21133

Property Details for 9015 Liberty Rd

Year built

1942

Construction

BRICK

Lot size

0.28 AC

Property size (Sq ft)

1,905 SF

Zone code

RO

Property type

Office buildings

APN

02-0219711040

APU

20219711040

Description

This exceptional investment opportunity presents a two-unit commercial building ideally situated on Liberty Road in Randallstown, Maryland. The property boasts a total lot size of 0.28 acres and offers significant rental income potential. The building comprises two distinct units, each with its own separate entrance directly facing Liberty Road, ensuring high visibility and accessibility for tenants. The ground floor unit is currently leased for $1200 per month, while the upper unit commands a monthly rent of $1450. Both units are versatile and suitable for a variety of uses, including but not limited to small churches, offices, and retail businesses. This makes the property attractive to a diverse range of potential tenants, minimizing vacancy risk and maximizing return on investment. The building's location on a busy thoroughfare guarantees high traffic volume and excellent exposure. A key advantage is the inclusion of heating and water in the monthly rental rates, reducing tenant expenses and increasing the property's appeal. This turnkey investment opportunity offers immediate cash flow and strong potential for future appreciation. The property is ready for a new owner to capitalize on its existing income stream and explore further development opportunities. Serious inquiries are encouraged to explore this promising investment prospect. The property is being offered as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $289,421

  6.5%

  $267,158

  7%

  $248,075

• Comparable approach

  Method

  Valuation

  Relative Method

  $119,844

  Geo Method

  $119,844

• Alternative Use

  Use

  Valuation

  Residential

  $331,276

  Hospitality

  $303,447

  Educational

  $252,464

  Medical

  $261,147

  Retail

  $392,723

Location Insight

City

Randallstown

County

Baltimore

State

Maryland

Latitude

39.3676

Longitude

-76.7969

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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