Station North Retail/Industrial
For Sale
$425,000
2011-2017 Maryland Avenue, Baltimore, MD 21218
Freestanding 5,550 SF building in Station North Arts District.
Property Size5,550 SF
Price / SF$76.58
Days on Market201
Property Features for 2011-2017 Maryland Avenue
General Information
Standard status
Active
Size
5,550 SF
Property subtype
Industrial, Retail
Zoning
C-1 (NEIGHBORHOOD BUSINESS DISTRICT)
Building Details
Building Size
5,550 SF
Listing Agency:
MacKenzie Commercial Real Estate - Corporate
Listed By:
Chris Walsh
(410) 494-4857
Source:
Mackenziecommercial
Added: Apr 3
Changed: Oct 13
Last Checked: Oct 19 at 3:14AM
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 MacKenzie Commercial Real Estate - Corporate
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Investment Insights
Based on property information with market context.
A freestanding retail/industrial building, situated at 2011-2017 Maryland Avenue in Baltimore's Station North Arts District, is available for sale. The one-story property provides approximately 5,550 square feet of space. A roll-up garage door is located at the rear of the building, providing alley access. The property includes a dedicated parking area adjacent to the building. Multiple entry and exit points are available. This versatile space is suitable for various uses, including retail, a brewery, restaurant, or storage facility, presenting a unique opportunity in the Station North area.
Key Highlights
- Located in the vibrant Station North Arts District.
- Approximately 5,550 square feet of one‑story space.
- Versatile space suitable for retail, brewery, restaurant, or storage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,643
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,860
$612.9K
Cap Rate 7%
$437,757
$437.8K
Cap Rate 9%
$340,478
$340.5K
Market Conditions
NOI Build-Up for 5,550 SF
Gross rent
$46.6K $8.40/SF
− Vacancy
−$2.8K −$0.51/SF
EGI
$43.8K $7.89/SF
− OpEx
−$13.1K −$2.37/SF
NOI
$30.6K $5.52/SF
Area
ZIP 21218
Vacancy
6.10%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,860
Cap Rate 7%
$437,757
Cap Rate 9%
$340,478
Alternative Uses
Best Use
Mixed Use
$1.05M
$915.8K – $1.22M
NOI $73,260 @ 7.0% cap · market cap 17.24%
Second Best
Specialty Retail
$936.2K
$819.2K – $1.09M
NOI $65,534 @ 7.0% cap · market cap 15.42%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,628 @ 7.0% cap · market cap 24.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,961
Businesses Nearby
Explore this area
Business Placement
Demographics for 21218, MD
46,238
Population
21,751
Households
2.1
Avg Household Size
34
Median Age
44%
College-Educated
90%
High-School Grad
4.3 sq mi
ZIP Area
10,753
Density / Sq Mi
$58,378
Median Household Income
$38,316
Median Earnings
$1,239
Median Rent
$229,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Mixed-use property - Freestanding 5,550 SF building in Station North Arts District.
Where is this mixed-use property located?
The property is located at 2011-2017 Maryland Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Located in the vibrant Station North Arts District.; Approximately **5,550 square feet of one‑story space.**; Versatile space suitable for retail, brewery, restaurant, or storage.
