Mixed-Use Building with
4601 Leeds Ave, Baltimore, MD 21229
For Sale
Contact for pricing
The property combines business space with a residential apartment on the upper floor.
Property Size3,500 SF
Price / SF$214.29
Days on Market57
Property Features for 4601 Leeds Ave
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Highway Access
Multifamily Units
Building Details
Buildings
Building Size
Listing Agency:
Gold and Company, LLC.
Listed By:
Jim Chivers · License MD #617251
(443) 928-7522
Source:
Crexi
Added: Sep 18
Changed: Oct 29
Last Checked: Nov 12 at 8:08AM
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 Gold and Company, LLC.
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Investment Insights
Based on property information with market context.
This freestanding mixed-use building contains approximately 3,500 square feet, with office space and a residential apartment on the upper floor. A dedicated off-street parking area serves the property, which is zoned BL (Business Local).
The site provides access to I-95 and I-695. Its combination of business and residential space is arranged within one building.
The site provides access to I-95 and I-695. Its combination of business and residential space is arranged within one building.
Key Highlights
- Approximately 3,500 square feet in a freestanding mixed‑use building
- Upper‑floor residential apartment alongside office space
- Dedicated off‑street parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,250
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$945,000
$945.0K
Cap Rate 7%
$675,000
$675.0K
Cap Rate 9%
$525,000
$525.0K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$84.0K $24.00/SF
− Vacancy
−$8.4K −$2.40/SF
EGI
$75.6K $21.60/SF
− OpEx
−$28.4K −$8.10/SF
NOI
$47.3K $13.50/SF
Area
ZIP 21229
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$945,000
Cap Rate 7%
$675,000
Cap Rate 9%
$525,000
Alternative Uses
Best Use
Mixed Use
$675.0K
$590.6K – $787.5K
NOI $47,250 @ 7.0% cap · market cap 6.30%
Second Best
Office B
$668.3K
$584.7K – $779.6K
NOI $46,778 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$834.4K
$730.1K – $973.5K
NOI $58,410 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
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
$184,900
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Baltimore, MD
Properties on Market for Mixed-use properties in Baltimore
Vacancy Rate% for Office in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines business space with a residential apartment on the upper floor.
Where is this mixed-use property located?
The property is located at 4601 Leeds Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 3,500 square feet in a freestanding mixed‑use building; Upper‑floor residential apartment alongside office space; Dedicated off‑street parking area
