Mixed-Use Property with Income
5900 York Rd, Baltimore, MD 21212
For Sale
$2,445,000
27-unit mixed-use property with retail, office, and signage.
Property Size12,038 SF
Price / SF$203.11
Days on Market230
Property Features for 5900 York Rd
General Information
Standard status
Size
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Midfield Realty
Listed By:
Yaakov Kanevsky · License MD #5012433
(410) 324-6939
Source:
Soldbypattie
Added: Mar 27
Changed: Nov 7
Last Checked: Oct 7 at 3:10PM
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 Midfield Realty
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Investment Insights
Based on property information with market context.
Located along York Road, this mixed-use property features 27 units, including retail spaces, office units, and a Clear Channel sign on the roof. The two-story building offers a mix of tenants and benefits from its location along a heavily traveled corridor with access to major transportation routes. The property is positioned near Loyola University Maryland, Johns Hopkins University, Johns Hopkins Hospital, and MedStar Union Memorial Hospital. Nearby amenities include PNC Bank, Wells Fargo, Bank of America, The Rotunda Shopping Center, Towson Town Center, and various dining, retail, and service-oriented businesses. The property has a strong in-place income stream with only three vacant office units, offering immediate cash flow. These vacant units have a potential upside of approximately $2,700 per month combined. The property has a gross potential monthly rent based on full occupancy of $29,668, resulting in a gross potential annual rent of $356,016. The current scheduled monthly rent is $26,968, with a current scheduled annual rent of $323,616. Recent capital improvements include an updated roof and HVAC units. The property also has dedicated private parking at the rear. The property's enterprise zone designation provides attractive tax incentives and benefits.
Key Highlights
- Strong In‑Place Income: Generates substantial income from day one.
- Value‑Add Opportunity: Potential for increased revenue through rent increases.
- Strategic Location: Situated on York Road, offering high visibility and easy access to transportation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,124
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,322,480
$3.3M
Cap Rate 7%
$2,373,200
$2.4M
Cap Rate 9%
$1,845,822
$1.8M
Market Conditions
NOI Build-Up for 12,038 SF
Gross rent
$288.9K $24.00/SF
− Vacancy
−$23.1K −$1.92/SF
EGI
$265.8K $22.08/SF
− OpEx
−$99.7K −$8.28/SF
NOI
$166.1K $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%
$3,322,480
Cap Rate 7%
$2,373,200
Cap Rate 9%
$1,845,822
Alternative Uses
Best Use
Mixed Use
$2.37M
$2.08M – $2.77M
NOI $166,124 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,878 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
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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
$357,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Baltimore, MD
Properties on Market for Mixed-use properties in Baltimore
Frequently Asked Questions
What type of property is this?
Mixed-use property - 27-unit mixed-use property with retail, office, and signage.
Where is this mixed-use property located?
The property is located at 5900 York Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $2,445,000.
What are key features of this property?
This property features: Strong In‑Place Income: Generates substantial income from day one.; Value‑Add Opportunity: Potential for increased revenue through rent increases.; Strategic Location: Situated on York Road, offering high visibility and easy access to transportation.
