One-Story Auto Service
For Sale
$150,000
Pending
3300 Frederick Ave, Baltimore, MD 21229
The property includes C-2 zoning, a corner lot, and a paved, fenced yard.
Property Size1,410 SF
Lot Size0.11 Acres
Days on Market60
Property Features for 3300 Frederick Ave
General Information
Standard status
Pending
Size
1,410 SF
Lot size
0.11 Acres
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$4,530
Building Details
Buildings
1
Stories
1
Listing Agency:
Ashland Auction Group LLC
(410) 365-3595
Listed By:
Adam M Shpritz · License #RMR004765
(410) 365-3595
Source:
Exprealty
Added: Jul 2
Changed: Aug 29
Last Checked: Jul 21 at 4:07PM
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 Ashland Auction Group LLC
Investment Insights
Based on property information with market context.
This one-story commercial garage and service building contains 1,410± SF on a 4,650± SF corner lot at 3300 Frederick Ave in Baltimore. The improvements date to 1933 and include an existing service-bay configuration, along with a paved yard enclosed by fencing. The building was formerly operated as an automotive service garage.
The property is positioned near Frederick Avenue, S. Caton Avenue, S. Hilton Street, and Old Frederick Road, with access to Wilkens Avenue, Hilton Parkway, I-95, and the Baltimore Beltway. C-2, Community Commercial zoning is intended for small-to-medium-scale commercial uses along urban corridors. The site also provides corridor exposure and a dedicated yard area.
The property is positioned near Frederick Avenue, S. Caton Avenue, S. Hilton Street, and Old Frederick Road, with access to Wilkens Avenue, Hilton Parkway, I-95, and the Baltimore Beltway. C-2, Community Commercial zoning is intended for small-to-medium-scale commercial uses along urban corridors. The site also provides corridor exposure and a dedicated yard area.
Key Highlights
- 1,410± SF one‑story commercial garage and service building
- 4,650± SF corner lot with paved, fenced yard
- Existing service‑bay configuration from former automotive garage use
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
$7,785
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
5.19%
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%
$155,700
$155.7K
Cap Rate 7%
$111,214
$111.2K
Cap Rate 9%
$86,500
$86.5K
Market Conditions
NOI Build-Up for 1,410 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
$11.8K $8.40/SF
− Vacancy
−$722 −$0.51/SF
EGI
$11.1K $7.89/SF
− OpEx
−$3.3K −$2.37/SF
NOI
$7.8K $5.52/SF
Area
ZIP 21229
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 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%
$155,700
Cap Rate 7%
$111,214
Cap Rate 9%
$86,500
Alternative Uses
Best Use
Retail
$237.6K
$207.9K – $277.2K
NOI $16,631 @ 7.0% cap · market cap 11.09%
Second Best
Industrial
$111.2K
$97.3K – $129.8K
NOI $7,785 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$336.2K
$294.1K – $392.2K
NOI $23,531 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21229, MD
43,464
Population
20,653
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
89%
High-School Grad
5.9 sq mi
ZIP Area
7,367
Density / Sq Mi
$55,457
Median Household Income
$40,627
Median Earnings
$1,210
Median Rent
$184,900
Median Home Value
Market
Vacancy Rate% for Retail in Baltimore, MD
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Jiffy Lube — 3617 Wilkens Ave, Baltimore, MD 21229
- Atlantic Motors — 3605 Wilkens Ave, Baltimore, MD 21229
- Dynamic Collision Services — 1125 Desoto Rd, Baltimore, MD 21223
- Metro Tires LLC — 3506 Wilkens Ave, Baltimore, MD 21229
- Gearhouse Inc — 1001 Wilso Dr, Baltimore, MD 21223
Frequently Asked Questions
What type of property is this?
Auto shop - The property includes C-2 zoning, a corner lot, and a paved, fenced yard.
Where is this auto shop located?
The property is located at 3300 Frederick Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,410± SF one‑story commercial garage and service building; 4,650± SF corner lot with paved, fenced yard; Existing service‑bay configuration from former automotive garage use
