Turnkey Business Opportunity in
For Sale
$699,000
3814 NORTH POINT BOULEVARD, Dundalk, MD 21222
Long-standing business with building, license, and apartments for sale.
Property Size3,270 SF
Days on Market379
Property Features for 3814 NORTH POINT BOULEVARD
General Information
Standard status
Active
Size
3,270 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$5,965
Building Details
Building Size
3,270 SF
Year Built
1938
Listing Agency:
Fathom Realty MD, LLC
(410) 236-1901
Listed By:
Dmitry Fayer · License #502123
(410) 236-1901
Source:
Barnesrealestatecompany
Added: Aug 12, 2025
Changed: Aug 23
Last Checked: Aug 24 at 3:15PM
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 Fathom Realty MD, LLC
Investment Insights
Based on property information with market context.
This is a unique opportunity to acquire a turnkey business that has been operating since 1975, offering significant potential for growth. The sale includes a free-standing building with ample parking, situated on North Point Blvd in Baltimore County. The property features a liquor store selling cigarettes, lottery tickets, KENO, and more, along with a bar that includes an outside patio and horseshoe pits. A BD7 liquor license, transferable upon approval, allows for sales seven days a week, both on and off the premises. A new electronic billboard enhances visibility. The property is equipped with a new camera system and two new POS systems. The sale encompasses the building, business, license, and Furniture, Fixtures, and Equipment (FFE), including three gaming machines and a pool table. A jukebox and ATM are rented, generating an additional income of over $1,000 per month. A Food Service Facility Permit is in place. Furthermore, two apartments located upstairs provide an extra income of $1,900 per month. Updates include a new roof.
Key Highlights
- Turnkey operation: Longstanding business (since 1975) with growth potential, including building, license, and FFE.
- BD7 liquor license (transferable): Allows 7‑day on/off‑premises sales.
- Income‑generating property: Includes liquor store, bar with patio/horseshoe pits, and two apartments providing $1,900/month.
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
$47,131
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
6.74%
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%
$942,620
$942.6K
Cap Rate 7%
$673,300
$673.3K
Cap Rate 9%
$523,678
$523.7K
Market Conditions
NOI Build-Up for 3,270 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
$67.9K $20.76/SF
− Vacancy
−$5.0K −$1.54/SF
EGI
$62.8K $19.22/SF
− OpEx
−$15.7K −$4.80/SF
NOI
$47.1K $14.41/SF
Area
Baltimore County, MD
Vacancy
7.43%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
25.00%
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%
$942,620
Cap Rate 7%
$673,300
Cap Rate 9%
$523,678
Alternative Uses
Best Use
Specialty Retail
$673.3K
$589.1K – $785.5K
NOI $47,131 @ 7.0% cap · market cap 6.74%
Second Best
Retail
$661.2K
$578.5K – $771.4K
NOI $46,283 @ 7.0% cap · market cap 6.62%
Theoretical Best
Multifamily LT 5
$31.73M
$27.76M – $37.01M
NOI $2,220,780 @ 7.0% cap · market cap 317.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 21222, MD
59,062
Population
24,054
Households
2.5
Avg Household Size
38
Median Age
14%
College-Educated
85%
High-School Grad
11.5 sq mi
ZIP Area
5,136
Density / Sq Mi
$61,934
Median Household Income
$41,920
Median Earnings
$1,390
Median Rent
$200,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pop’s Tavern — 4015 North Point Blvd, Dundalk, MD 21222
- Left Field Pub — 3813 North Point Blvd, Dundalk, MD 21222
- JR's Bar & Liquors — 3814 North Point Blvd, Dundalk, MD 21222
- Costas Inn — 4100 North Point Blvd, Baltimore, MD 21222
- Battle Grove Democratic Club — 7900 New Battle Grove Rd, Dundalk, MD 21222
Frequently Asked Questions
What type of property is this?
Bar & Pub - Long-standing business with building, license, and apartments for sale.
Where is this bar & pub located?
The property is located at 3814 NORTH POINT BOULEVARD Dundalk, MD.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Turnkey operation: Longstanding business (since 1975) with growth potential, including building, license, and FFE.; BD7 liquor license (transferable): Allows 7‑day on/off‑premises sales.; Income‑generating property: Includes liquor store, bar with patio/horseshoe pits, and two apartments providing $1,900/month.
