Standalone Storefront
For Sale
$140,000
103 AVONDALE, Baltimore, MD 21222
BL-zoned commercial building requiring rehabilitation, with street frontage and flexibility for neighborhood-serving business uses.
Property Size525 SF
Price / SF$266.67
Days on Market9
Property Features for 103 AVONDALE
General Information
Standard status
Active
Size
525 SF
Property subtype
Commercial
Zoning
BL
Building Details
Year Built
1959
Buildings
1
Listing Agency:
Jim Parks and Associates Realty LLC
(443) 866-4779
Listed By:
Tammy Shanahan · License #656581
(443) 866-4779
Source:
Cummingsrealtors
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 11 at 5:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jim Parks and Associates Realty LLC
Investment Insights
Based on property information with market context.
This standalone storefront property at 103 Avondale in Baltimore, Maryland, was built in 1959 and requires a complete renovation. The existing structure provides a starting point for redevelopment or conversion within the property's established commercial setting.
The property carries BL (Business Local) zoning and has street frontage on a visible lot. The zoning framework may support uses such as retail sales, personal services, offices, restaurants, banks, or medical clinics, subject to verification of permitted uses, licensing, renovation requirements, and occupancy approvals with Baltimore County and other applicable authorities.
The property carries BL (Business Local) zoning and has street frontage on a visible lot. The zoning framework may support uses such as retail sales, personal services, offices, restaurants, banks, or medical clinics, subject to verification of permitted uses, licensing, renovation requirements, and occupancy approvals with Baltimore County and other applicable authorities.
Key Highlights
- BL (Business Local) zoning
- Standalone commercial building built in 1959
- Street frontage on a visible lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,431
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$148,620
$148.6K
Cap Rate 7%
$106,157
$106.2K
Cap Rate 9%
$82,567
$82.6K
Market Conditions
NOI Build-Up for 525 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$11.3K $21.60/SF
− Vacancy
−$725 −$1.38/SF
EGI
$10.6K $20.22/SF
− OpEx
−$3.2K −$6.07/SF
NOI
$7.4K $14.15/SF
Area
Baltimore, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$148,620
Cap Rate 7%
$106,157
Cap Rate 9%
$82,567
Alternative Uses
Best Use
Retail
$106.2K
$92.9K – $123.9K
NOI $7,431 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$125.8K
$110.1K – $146.7K
NOI $8,804 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21222, MD
59,062
Population
24,054
Households
2.5
Avg Household Size
38
Median Age
14%
College-Educated
85%
High-School Grad
11.5 sq mi
ZIP Area
5,136
Density / Sq Mi
$61,934
Median Household Income
$41,920
Median Earnings
$1,390
Median Rent
$200,800
Median Home Value
Market
Vacancy Rate% for Retail in Baltimore, MD
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - BL-zoned commercial building requiring rehabilitation, with street frontage and flexibility for neighborhood-serving business uses.
Where is this storefront property located?
The property is located at 103 AVONDALE Baltimore, MD.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: BL (Business Local) zoning; Standalone commercial building built in 1959; Street frontage on a visible lot
