Mixed-Use Property with Income
For Sale
$2,445,000
5900 York Rd, Baltimore, MD 21212
27-unit mixed-use property with retail, office, and signage.
Property Size12,038 SF
Price / SF$203.11
Days on Market163
Property Features for 5900 York Rd
General Information
Standard status
Active
Size
12,038 SF
Building Details
Year Built
1958
Listing Agency:
Midfield Realty
Listed By:
Yaakov Kanevsky
Source:
Kableteam
Added: Mar 27
Changed: Sep 3
Last Checked: Sep 5 at 11:09AM
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 Midfield Realty
Investment Insights
Based on property information with market context.
Located along York Road, this mixed-use property features 27 units, including retail spaces, office units, and a Clear Channel sign on the roof. The two-story building offers a mix of tenants and benefits from its location along a heavily traveled corridor with access to major transportation routes. The property is positioned near Loyola University Maryland, Johns Hopkins University, Johns Hopkins Hospital, and MedStar Union Memorial Hospital. Nearby amenities include PNC Bank, Wells Fargo, Bank of America, The Rotunda Shopping Center, Towson Town Center, and various dining, retail, and service-oriented businesses. The property has a strong in-place income stream with only three vacant office units, offering immediate cash flow. These vacant units have a potential upside of approximately $2,700 per month combined. The property has a gross potential monthly rent based on full occupancy of $29,668, resulting in a gross potential annual rent of $356,016. The current scheduled monthly rent is $26,968, with a current scheduled annual rent of $323,616. Recent capital improvements include an updated roof and HVAC units. The property also has dedicated private parking at the rear. The property's enterprise zone designation provides attractive tax incentives and benefits.
Key Highlights
- Strong In‑Place Income: Generates substantial income from day one.
- Value‑Add Opportunity: Potential for increased revenue through rent increases.
- Strategic Location: Situated on York Road, offering high visibility and easy access to transportation.
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
$166,124
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
6.79%
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%
$3,322,480
$3.3M
Cap Rate 7%
$2,373,200
$2.4M
Cap Rate 9%
$1,845,822
$1.8M
Market Conditions
NOI Build-Up for 12,038 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
$288.9K $24.00/SF
− Vacancy
−$23.1K −$1.92/SF
EGI
$265.8K $22.08/SF
− OpEx
−$99.7K −$8.28/SF
NOI
$166.1K $13.80/SF
Area
Baltimore, MD
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$3,322,480
Cap Rate 7%
$2,373,200
Cap Rate 9%
$1,845,822
Alternative Uses
Best Use
Mixed Use
$2.37M
$2.08M – $2.77M
NOI $166,124 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,878 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
Business Placement
Demographics for 21212, MD
32,317
Population
13,749
Households
2.4
Avg Household Size
39
Median Age
55%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
7,025
Density / Sq Mi
$96,752
Median Household Income
$57,600
Median Earnings
$1,328
Median Rent
$357,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 27-unit mixed-use property with retail, office, and signage.
Where is this mixed-use property located?
The property is located at 5900 York Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $2,445,000.
What are key features of this property?
This property features: Strong In‑Place Income: Generates substantial income from day one.; Value‑Add Opportunity: Potential for increased revenue through rent increases.; Strategic Location: Situated on York Road, offering high visibility and easy access to transportation.
