Mixed-Use Building with
For Sale
$539,000
513 W LEXINGTON STREET, Baltimore, MD 21201
Three floors and a basement combine warehouse space with a retail storefront.
Property Size6,460 SF
Price / SF$83.44
Days on Market205
Property Features for 513 W LEXINGTON STREET
General Information
Standard status
Active
Size
6,460 SF
Property subtype
Retail
Site & Location
Neighborhood
University of Maryland
Taxes and HOA fees
Annual Taxes
$4,083
Building Details
Building Size
6,460 SF
Year Built
1870
Listing Agency:
Taylor Properties
Listed By:
Ahmad R Asif · License #658490
(443) 326-2800
Source:
Ghimirehomes
Added: Apr 7
Changed: Oct 27
Last Checked: Oct 27 at 3:15AM
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 Taylor Properties
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Investment Insights
Based on property information with market context.
This 6,460-square-foot mixed-use building dates to 1870 and includes three stories plus a basement. Its existing configuration brings together warehouse space and a retail storefront, with a flexible layout for commercial occupancy.
The property is next to University of Marland and Lexington Market. Six major development projects are underway nearby.
The property is next to University of Marland and Lexington Market. Six major development projects are underway nearby.
Key Highlights
- 6,460‑square‑foot building constructed in 1870
- Three stories plus a basement
- Warehouse space and a retail storefront in one building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,545
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,900
$850.9K
Cap Rate 7%
$607,786
$607.8K
Cap Rate 9%
$472,722
$472.7K
Market Conditions
NOI Build-Up for 6,460 SF
Gross rent
$54.3K $8.40/SF
− Vacancy
−$4.2K −$0.65/SF
EGI
$50.1K $7.75/SF
− OpEx
−$7.5K −$1.16/SF
NOI
$42.5K $6.59/SF
Area
Baltimore, MD
Vacancy
7.76%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,900
Cap Rate 7%
$607,786
Cap Rate 9%
$472,722
Alternative Uses
Best Use
Retail
$1.31M
$1.14M – $1.52M
NOI $91,434 @ 7.0% cap · market cap 16.96%
Second Best
Mixed Use
$1.27M
$1.11M – $1.49M
NOI $89,148 @ 7.0% cap · market cap 16.54%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,335 @ 7.0% cap · market cap 20.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
10,291
Businesses Nearby
Explore this area
Business Placement
Demographics for 21201, MD
18,382
Population
11,468
Households
1.6
Avg Household Size
34
Median Age
47%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
14,140
Density / Sq Mi
$44,722
Median Household Income
$44,239
Median Earnings
$1,282
Median Rent
$221,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three floors and a basement combine warehouse space with a retail storefront.
Where is this mixed-use property located?
The property is located at 513 W LEXINGTON STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: 6,460‑square‑foot building constructed in 1870; Three stories plus a basement; Warehouse space and a retail storefront in one building
