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 Market120
Property Features for 2011-2017 Maryland Avenue
General Information
Standard status
Active
Size
5,550 SF
Property subtype
Industrial, Retail
Listing Agency:
MacKenzie Commercial Real Estate - Corporate
(410) 494-4857
Listed By:
Chris Walsh · License #MD 636644
(410) 494-4857
Source:
Mackenziecommercial
Added: Apr 3
Changed: Jul 10
Last Checked: Jul 30 at 2:28AM
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
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 For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.6k | $8.40 |
| − Vacancy | −$2.8k | −$0.51 |
| EGI | $43.8k | $7.89 |
| − OpEx | −$13.1k | −$2.37 |
| NOI | $30.6k | $5.52 |
5,550 SF · lease $8.40/SF/yr · vacancy 6.10% · expense 30.00%
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.
Property Analytics
Property Profile
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
Market
Properties on Market for Mixed-use properties in Baltimore
Vacancy Rate% for Industrial in Baltimore, MD
Questions? Ask Rey
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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.
