Single-Tenant Retail
For Sale
Contact for pricing
5833 York Rd, Baltimore, MD 21212
NN-leased Sherwin-Williams location with an established operating history along York Road.
Property Size5,200 SF
Price / SF$285.58
Days on Market15
Property Features for 5833 York Rd
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Retail
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$92,823
Building Details
Year Built
1986
Tenancy
Single
Listing Agency:
Atlantic Capital Partners
(704) 375-7771
Listed By:
Eric Suffoletto · License #MA 9577141
Source:
Crexi
Added: Aug 18
Changed: Aug 31
Last Checked: Sep 1 at 4:50AM
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 Atlantic Capital Partners
Investment Insights
Based on property information with market context.
This 5,200-square-foot retail property at 5833 York Rd in Baltimore was built in 1986 and is occupied by The Sherwin-Williams Company. The single-tenant lease is structured on an NN basis, includes a corporate guaranty, and has approximately 5.9 years of remaining term. A 15% rent increase is scheduled for April 2027.
The property sits along York Road, a major North Baltimore commercial corridor, approximately five miles from Downtown Baltimore. The surrounding area includes more than 500,000 residents within five miles and average household incomes exceeding $121,000 within one mile. Johns Hopkins University and Johns Hopkins Hospital are also identified among the nearby major employers.
The property sits along York Road, a major North Baltimore commercial corridor, approximately five miles from Downtown Baltimore. The surrounding area includes more than 500,000 residents within five miles and average household incomes exceeding $121,000 within one mile. Johns Hopkins University and Johns Hopkins Hospital are also identified among the nearby major employers.
Key Highlights
- 5,200‑square‑foot retail property at 5833 York Rd, Baltimore, MD 21212
- Occupied by The Sherwin‑Williams Company
- NN lease with approximately 5.9 years of remaining term
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,600
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,472,000
$1.5M
Cap Rate 7%
$1,051,429
$1.1M
Cap Rate 9%
$817,778
$817.8K
Market Conditions
NOI Build-Up for 5,200 SF
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.
Gross rent
$112.3K $21.60/SF
− Vacancy
−$7.2K −$1.38/SF
EGI
$105.1K $20.22/SF
− OpEx
−$31.5K −$6.07/SF
NOI
$73.6K $14.15/SF
Area
Baltimore, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,472,000
Cap Rate 7%
$1,051,429
Cap Rate 9%
$817,778
Alternative Uses
Best Use
Retail
$1.05M
$920.0K – $1.23M
NOI $73,600 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,204 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
Business Placement
Demographics for 21212, MD
32,317
Population
13,749
Households
2.4
Avg Household Size
39
Median Age
55%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
7,025
Density / Sq Mi
$96,752
Median Household Income
$57,600
Median Earnings
$1,328
Median Rent
$357,900
Median Home Value
Market
Vacancy Rate% for Retail in Baltimore, MD
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - NN-leased Sherwin-Williams location with an established operating history along York Road.
Where is this retail space located?
The property is located at 5833 York Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: 5,200‑square‑foot retail property at 5833 York Rd, Baltimore, MD 21212; Occupied by The Sherwin‑Williams Company; NN lease with approximately 5.9 years of remaining term
