435 South Broadway Baltimore, MD 21231
Fully renovated brick building with income-producing street-level businesses and residential apartment units across three levels.
Property Features for 435 South Broadway
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1920
Listing office Long & Foster Ellicott City, MD - Realty
Listing date Jul 13, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Located at 435 South Broadway in Baltimore, the property is described as being just moments from the vibrant heart of Fells Point.
For a buyer seeking a live-on-site approach or a fully leased structure, the building’s current income from street-level operations combined with residential units offers multiple ways to structure occupancy and returns.
Key Highlights
- Fully renovated three‑level brick building (built 1920) with 6,300+ sq. ft. of versatile space
- Street‑level includes two established businesses: a carry‑out restaurant and a cigar shop
- Second level offers six spacious rooms and two full baths, currently set up for office use
Local Financial Insights For Specialty Retail
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 | $143.6k | $22.80 |
| − Vacancy | −$7.9k | −$1.25 |
| EGI | $135.7k | $21.55 |
| − OpEx | −$33.9k | −$5.39 |
| NOI | $101.8k | $16.16 |
