Commercial Storefront
New
For Sale
$250,000
1625 Aliceanna St, Baltimore, MD 21231
Commercial-use building in a mixed-use waterfront corridor surrounded by restaurants, shops, residences, and waterfront attractions.
Property Size840 SF
Price / SF$297.62
Days on Market3
Property Features for 1625 Aliceanna St
General Information
Standard status
Active
Size
840 SF
Building Details
Year Built
1920
Listing Agency:
Douglas Realty, LLC.
(410) 276-1983
Listed By:
James T Heise · License #526469
Source:
Kandorre
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 21 at 9:38AM
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 Douglas Realty, LLC.
Investment Insights
Based on property information with market context.
Built in 1920, this approximately 840-square-foot commercial building occupies an approximately 1,200-square-foot lot at 1625 Aliceanna Street. The property is classified for commercial use and is currently subject to a vacant building notice.
The building is situated within Baltimore’s Fells Point waterfront district, near the waterfront promenade, Harbor East, and the historic Fells Point business district. The surrounding mixed-use corridor includes restaurants, shops, residential developments, and waterfront attractions. Downtown Baltimore, I-83, I-95, and major commuter routes provide regional access.
The building is situated within Baltimore’s Fells Point waterfront district, near the waterfront promenade, Harbor East, and the historic Fells Point business district. The surrounding mixed-use corridor includes restaurants, shops, residential developments, and waterfront attractions. Downtown Baltimore, I-83, I-95, and major commuter routes provide regional access.
Key Highlights
- Approximately 840 sq. ft. commercial building
- Approximately 1,200 sq. ft. lot
- Built in 1920
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
$11,889
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
4.76%
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%
$237,780
$237.8K
Cap Rate 7%
$169,843
$169.8K
Cap Rate 9%
$132,100
$132.1K
Market Conditions
NOI Build-Up for 840 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
$18.1K $21.60/SF
− Vacancy
−$1.2K −$1.38/SF
EGI
$17.0K $20.22/SF
− OpEx
−$5.1K −$6.07/SF
NOI
$11.9K $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%
$237,780
Cap Rate 7%
$169,843
Cap Rate 9%
$132,100
Alternative Uses
Best Use
Retail
$169.8K
$148.6K – $198.2K
NOI $11,889 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$201.2K
$176.1K – $234.8K
NOI $14,087 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,083
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21231, MD
17,062
Population
9,342
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
18,958
Density / Sq Mi
$85,382
Median Household Income
$67,289
Median Earnings
$1,710
Median Rent
$336,500
Median Home Value
Market
Vacancy Rate% for Retail in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial-use building in a mixed-use waterfront corridor surrounded by restaurants, shops, residences, and waterfront attractions.
Where is this storefront property located?
The property is located at 1625 Aliceanna St Baltimore, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately 840 sq. ft. commercial building; Approximately 1,200 sq. ft. lot; Built in 1920
