Renovated Convenience
For Sale
$329,900
4526 Washington Boulevard, Halethorpe, MD 21227
Updated refrigeration supports grocery and convenience retail near office and residential areas.
Property Size1,200 SF
Price / SF$274.92
Days on Market80
Property Features for 4526 Washington Boulevard
General Information
Standard status
Active
Size
1,200 SF
Amenities
upgraded refrigeration
Building Details
Year Built
1955
Listing Agency:
Leeds Realty, Inc.
Listed By:
Ola O Famuyiwa
(301) 680-3100
Source:
Southjerseyshorehomesfinder
Added: Aug 2
Changed: Oct 2
Last Checked: Oct 19 at 8:35AM
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 Leeds Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This grocery and convenience store property at 4526 Washington Boulevard includes newly renovated interiors and upgraded refrigeration equipment. The improvements support ongoing retail operations within an established building constructed in 1955.
The property is positioned near both office and residential areas, with visibility from a major highway. Its setting provides exposure to surrounding commercial and residential activity while maintaining a retail-oriented use profile.
The property is positioned near both office and residential areas, with visibility from a major highway. Its setting provides exposure to surrounding commercial and residential activity while maintaining a retail-oriented use profile.
Key Highlights
- Newly renovated grocery and convenience store property
- Upgraded refrigeration equipment
- Located near office park and residential areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,296
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,920
$345.9K
Cap Rate 7%
$247,086
$247.1K
Cap Rate 9%
$192,178
$192.2K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$24.9K $20.76/SF
− Vacancy
−$1.9K −$1.54/SF
EGI
$23.1K $19.22/SF
− OpEx
−$5.8K −$4.80/SF
NOI
$17.3K $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 Rate 5%
$345,920
Cap Rate 7%
$247,086
Cap Rate 9%
$192,178
Alternative Uses
Best Use
Specialty Retail
$247.1K
$216.2K – $288.3K
NOI $17,296 @ 7.0% cap · market cap 5.24%
Second Best
Retail
$242.6K
$212.3K – $283.1K
NOI $16,985 @ 7.0% cap · market cap 5.15%
Theoretical Best
Multifamily LT 5
$11.64M
$10.19M – $13.58M
NOI $814,965 @ 7.0% cap · market cap 247.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
1k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Econo Lodge
Hotels & Casinos
1,124 visits/mo
0.5 miles
Demographics for 21227, MD
35,837
Population
14,260
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
85%
High-School Grad
11.3 sq mi
ZIP Area
3,171
Density / Sq Mi
$83,620
Median Household Income
$52,643
Median Earnings
$1,347
Median Rent
$272,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Updated refrigeration supports grocery and convenience retail near office and residential areas.
Where is this grocery and convenience store located?
The property is located at 4526 Washington Boulevard Halethorpe, MD.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Newly renovated grocery and convenience store property; Upgraded refrigeration equipment; Located near office park and residential areas
