Industrial Warehouse with Fenced
For Sale
$1,500,000
1547 Ridgely St, Baltimore, MD 21230
Warehouse space with drive-in and dock-high loading plus a fenced yard for secure storage and parking.
Property Size9,600 SF
Price / SF$156.25
Days on Market51
Property Features for 1547 Ridgely St
General Information
Standard status
Active
Size
9,600 SF
Property subtype
coworking
Occupancy
100%
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
14 ft
Dock-High Doors
2
Drive-In Doors
2
Heavy Power
Yes
Listing Agency:
Baltimore
(443) 931-3329
Listed By:
Peter Jackson · License #653709
(443) 931-3329
Source:
Property.jll
Added: Jun 22
Changed: Jul 10
Last Checked: Aug 11 at 4:41AM
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 Baltimore
Investment Insights
Based on property information with market context.
The property is a 9,600-square-foot industrial warehouse configured to support warehousing, distribution, and light manufacturing. The facility includes four total loading points: two drive-in doors and two dock-high loading bays, designed for efficient day-to-day operations. Clear heights range from 12 to 14 feet. Electrical infrastructure features 800-amp three-phase power and 200-amp single-phase power to support a range of operating needs.
An on-site 3,500-square-foot fenced yard provides space for secure outdoor storage and vehicle parking. For transportation access, the property is minutes from I-95, I-395, and I-295, supporting connectivity to regional and national logistics routes, with downtown Baltimore in relatively close proximity.
Currently, the warehouse is fully tenanted under landlord-friendly, flexible terms, offering an opportunity for continued income or a transition to owner occupancy depending on the buyer’s plan. With multiple loading options, practical clear heights, and substantial yard space, the layout is well suited for tenants and owners looking for an operational industrial footprint with straightforward logistics capabilities.
An on-site 3,500-square-foot fenced yard provides space for secure outdoor storage and vehicle parking. For transportation access, the property is minutes from I-95, I-395, and I-295, supporting connectivity to regional and national logistics routes, with downtown Baltimore in relatively close proximity.
Currently, the warehouse is fully tenanted under landlord-friendly, flexible terms, offering an opportunity for continued income or a transition to owner occupancy depending on the buyer’s plan. With multiple loading options, practical clear heights, and substantial yard space, the layout is well suited for tenants and owners looking for an operational industrial footprint with straightforward logistics capabilities.
Key Highlights
- 9,600 SF industrial warehouse with clear height of 12–14 feet for warehousing, distribution, and light manufacturing needs
- 4 total loading points: 2 drive‑in doors and 2 dock‑high loading bays for efficient loading and logistics
- 3,500 SF fenced yard for secure outdoor storage and vehicle parking
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
$63,225
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
4.22%
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%
$1,264,500
$1.3M
Cap Rate 7%
$903,214
$903.2K
Cap Rate 9%
$702,500
$702.5K
Market Conditions
NOI Build-Up for 9,600 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
$80.6K $8.40/SF
− Vacancy
−$6.3K −$0.65/SF
EGI
$74.4K $7.75/SF
− OpEx
−$11.2K −$1.16/SF
NOI
$63.2K $6.59/SF
Area
Baltimore, MD
Vacancy
7.76%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
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%
$1,264,500
Cap Rate 7%
$903,214
Cap Rate 9%
$702,500
Alternative Uses
Best Use
Warehouse
$903.2K
$790.3K – $1.05M
NOI $63,225 @ 7.0% cap · market cap 4.22%
Second Best
Industrial
$757.2K
$662.6K – $883.4K
NOI $53,005 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,992 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
2
Dock-high doors
2
Drive-in doors
100%
Occupancy
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Well-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
Market
Vacancy Rate% for Industrial in Baltimore, MD
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse space with drive-in and dock-high loading plus a fenced yard for secure storage and parking.
Where is this warehouse located?
The property is located at 1547 Ridgely St Baltimore, MD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 9,600 SF industrial warehouse with clear height of 12–14 feet for warehousing, distribution, and light manufacturing needs; 4 total loading points: 2 drive‑in doors and 2 dock‑high loading bays for efficient loading and logistics; 3,500 SF fenced yard for secure outdoor storage and vehicle parking
