5-7 S CARROLLTON AVENUE, Baltimore, MD 21223

Building Details

Building Size 4,950 SF More

Year Built 1900 More

Listing Agency: Century 21 Downtown

Listed By: Gina M Gargeu · License MD #510631 Show Phone

Source: Barnesrealestatecompany

Added: Jan 13 Changed: Nov 8 Last Checked: Nov 10 at 4:28PM

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Investment Insights

Based on property information with market context.

Located in the Hollins Market business district, this updated commercial property, constructed in 1900, features brick and frame construction. The first floor includes two commercial units and one studio apartment. The second floor contains a two-bedroom apartment, while the third floor has a one-bedroom apartment. The building has been renovated and includes sprinkler systems and separate meters. Flooring options include vinyl, ceramic tile, and concrete. Situated on a corner lot, the property offers visibility and accessibility. The surrounding area features a mix of shops, restaurants, and local attractions. The location has a walk score of 94, a bike score of 84, and a transit score of 90. The property offers city and street views. It is suited for various business ventures and positions investors for long-term growth.

Key Highlights

• Prime location in the Hollins Market business district with high walk, bike, and transit scores.
• Completely renovated building with sprinkler system and separate utility meters.
• Versatile layout with a mix of commercial units and apartments.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,310

Cap Rate

5.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,366,200 $1.4M

Cap Rate 7%

$975,857 $975.9K

Cap Rate 9%

$759,000 $759.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,950 SF

Gross rent

$118.8K $24.00/SF

− Vacancy

−$9.5K −$1.92/SF

EGI

$109.3K $22.08/SF

− OpEx

−$41.0K −$8.28/SF

NOI

$68.3K $13.80/SF

Area

Baltimore, MD

Vacancy

8.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,366,200

Cap Rate 7%

$975,857

Cap Rate 9%

$759,000

Alternative Uses

Best Use

Mixed Use

$975.9K

$853.9K – $1.14M (±1% cap)

NOI $68,310 @ 7.0% cap · market cap 5.25%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.19M

$1.04M – $1.38M (±1% cap)

NOI $83,012 @ 7.0% cap · market cap 6.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Bakery Accounting Firm Plumbing Service Tech Support Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,706

Businesses Nearby

Explore this area Business Placement

Demographics for 21223, MD

20,438

Population

13,034

Households

1.6

Avg Household Size

37

Median Age

12%

College-Educated

75%

High-School Grad

2.6 sq mi

ZIP Area

7,861

Density / Sq Mi

$41,828

Median Household Income

$33,367

Median Earnings

$1,110

Median Rent

$93,700

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Baltimore, MD

$145 Jul

$141 Aug

$155 Sep

$153 Oct

Properties on Market for Mixed-use properties in Baltimore

Jul

Aug

Sep

Oct

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Updated commercial property in a thriving business district.

Where is this mixed-use property located?

The property is located at 5-7 S CARROLLTON AVENUE Baltimore, MD.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: Prime location in the Hollins Market business district with high walk, bike, and transit scores.; Completely renovated building with sprinkler system and separate utility meters.; Versatile layout with a mix of commercial units and apartments.