Modern Seafood Market
For Sale
$799,000
6800 HARFORD ROAD, Baltimore, MD 21234
Stand-alone commercial building, ideal for seafood or retail businesses.
Property Size3,040 SF
Days on Market125
Property Features for 6800 HARFORD ROAD
General Information
Standard status
Active
Size
3,040 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$10,503
Building Details
Building Size
3,040 SF
Year Built
1975
Listing Agency:
Fairfax Realty Select
(703) 731-3351
Listed By:
Tanya Ha Tran · License #679103
(703) 731-3351
Source:
Barnesrealestatecompany
Added: Apr 24
Changed: Aug 23
Last Checked: Aug 25 at 11:24AM
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 Fairfax Realty Select
Investment Insights
Based on property information with market context.
This stand-alone commercial property, constructed in October 2022, is currently operating as a seafood market. The modern building offers a turnkey setup for seafood retail but can be adapted for other food or specialty retail businesses. The property features a retail display area, refrigeration space, preparation area, and storage. Convenient customer parking is available. The location offers excellent exposure for retail traffic. This property is suitable for seafood market operators, a specialty grocery or butcher shop, food distribution or retail, or restaurant or take-out conversion. It is ideal for owner-operators or investors seeking a newer commercial asset with an established seafood retail setup. The location has a walk score of 72, indicating it is very walkable, a bike score of 50, indicating it is bikeable, and a transit score of 41, indicating some transit options are available.
Key Highlights
- Newly Constructed in October 2022: Benefit from a modern building with updated infrastructure.
- Turnkey Seafood Market: Fully operational setup ready for immediate use.
- Stand‑Alone Commercial Property: Offers independence and flexibility.
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
$49,125
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
6.15%
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%
$982,500
$982.5K
Cap Rate 7%
$701,786
$701.8K
Cap Rate 9%
$545,833
$545.8K
Market Conditions
NOI Build-Up for 3,040 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
$69.3K $22.80/SF
− Vacancy
−$3.8K −$1.25/SF
EGI
$65.5K $21.55/SF
− OpEx
−$16.4K −$5.39/SF
NOI
$49.1K $16.16/SF
Area
Baltimore, MD
Vacancy
5.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
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%
$982,500
Cap Rate 7%
$701,786
Cap Rate 9%
$545,833
Alternative Uses
Best Use
Specialty Retail
$701.8K
$614.1K – $818.8K
NOI $49,125 @ 7.0% cap · market cap 6.15%
Second Best
Retail
$614.7K
$537.9K – $717.1K
NOI $43,028 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$728.3K
$637.3K – $849.7K
NOI $50,981 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21234, MD
67,308
Population
29,575
Households
2.3
Avg Household Size
40
Median Age
36%
College-Educated
93%
High-School Grad
13.4 sq mi
ZIP Area
5,023
Density / Sq Mi
$83,139
Median Household Income
$52,260
Median Earnings
$1,542
Median Rent
$276,000
Median Home Value
Market
Vacancy Rate% for Retail in Baltimore, MD
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Stand-alone commercial building, ideal for seafood or retail businesses.
Where is this grocery and convenience store located?
The property is located at 6800 HARFORD ROAD Baltimore, MD.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Newly Constructed in October 2022: Benefit from a modern building with updated infrastructure.; Turnkey Seafood Market: **Fully operational setup ready for immediate use.**; Stand‑Alone Commercial Property: Offers independence and flexibility.
