Mixed-Use Property with Retail
New
For Sale
$320,000
1655 Monroe St, Baltimore, MD 21217
The offering brings together an operating retail business, real estate ownership, and residential rental income.
Property Size1,512 SF
Price / SF$211.64
Days on Market7
Property Features for 1655 Monroe St
General Information
Standard status
Active
Size
1,512 SF
Additional Details
Business Included
Yes
Corner Location
Yes
Liquor License
Yes
Building Details
Year Built
1920
Listing Agency:
Mulan Realty, Corp
Listed By:
HANG YANG · License #659918
(301) 892-6675
Source:
Hargreaveshomesales
Added: Sep 29
Last Checked: Oct 4 at 11:34AM
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 Mulan Realty, Corp
Investment Insights
Based on property information with market context.
This Baltimore City mixed-use property includes an established retail business, the real estate, and residential rental income. The building dates to 1920 and occupies a corner at 1655 Monroe Street.
The sale combines the business and property. The source information also identifies potential liquor sales, subject to buyer verification and the required license transfer process through the Baltimore City Board of License Commissioners.
The sale combines the business and property. The source information also identifies potential liquor sales, subject to buyer verification and the required license transfer process through the Baltimore City Board of License Commissioners.
Key Highlights
- Sale includes the established retail business and real estate
- Residential rental income is part of the property offering
- Corner property at 1655 Monroe Street in Baltimore City
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,433
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,660
$488.7K
Cap Rate 7%
$349,043
$349.0K
Cap Rate 9%
$271,478
$271.5K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$34.5K $22.80/SF
− Vacancy
−$1.9K −$1.25/SF
EGI
$32.6K $21.55/SF
− OpEx
−$8.1K −$5.39/SF
NOI
$24.4K $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%
$488,660
Cap Rate 7%
$349,043
Cap Rate 9%
$271,478
Alternative Uses
Best Use
Specialty Retail
$349.0K
$305.4K – $407.2K
NOI $24,433 @ 7.0% cap · market cap 7.64%
Second Best
Retail
$305.7K
$267.5K – $356.7K
NOI $21,401 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$362.2K
$317.0K – $422.6K
NOI $25,356 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,054
Businesses Nearby
Explore this area
Business Placement
Demographics for 21217, MD
30,448
Population
20,064
Households
1.5
Avg Household Size
38
Median Age
22%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
14,499
Density / Sq Mi
$37,207
Median Household Income
$40,668
Median Earnings
$1,065
Median Rent
$175,900
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?
Mixed-use property - The offering brings together an operating retail business, real estate ownership, and residential rental income.
Where is this mixed-use property located?
The property is located at 1655 Monroe St Baltimore, MD.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Sale includes the established retail business and real estate; Residential rental income is part of the property offering; Corner property at 1655 Monroe Street in Baltimore City
