Turn-Key Restaurant/Bar
For Sale
$1,195,000
1415 Washington Blvd, Baltimore, MD 21230
Retail property for sale in Baltimore, MD
Property Size3,168 SF
Price / SF$377.21
Days on Market291
Property Features for 1415 Washington Blvd
General Information
Standard status
Active
Property type
Conventional restaurants, Restaurants
Size
3,168 SF
Class
C
Listing Agency:
Gold and Company
Listed By:
Jim Chivers · License #617251
(443) 928-7522
Added: Dec 19, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This is a retail property intended for use as a restaurant. The property is approximately 4,500 square feet and includes all Furniture, Fixtures, and Equipment (FF&E), as well as a liquor license. The property is located in Baltimore, Maryland.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,193
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,860
$1.0M
Cap Rate 7%
$731,329
$731.3K
Cap Rate 9%
$568,811
$568.8K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$72.2K $22.80/SF
− Vacancy
−$4.0K −$1.25/SF
EGI
$68.3K $21.55/SF
− OpEx
−$17.1K −$5.39/SF
NOI
$51.2K $16.16/SF
Area
Baltimore, MD
Vacancy
5.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,860
Cap Rate 7%
$731,329
Cap Rate 9%
$568,811
Alternative Uses
Best Use
Specialty Retail
$731.3K
$639.9K – $853.2K
NOI $51,193 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$759.0K
$664.1K – $885.5K
NOI $53,128 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,295
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21230, MD
36,660
Population
18,070
Households
2
Avg Household Size
33
Median Age
59%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
5,819
Density / Sq Mi
$94,164
Median Household Income
$69,973
Median Earnings
$1,771
Median Rent
$327,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Retail property for sale in Baltimore, MD
Where is this conventional restaurant located?
The property is located at 1415 Washington Blvd Baltimore, MD.
What is the asking price?
The asking price for this property is $1,195,000.
