Mixed-Use Building with
New
For Sale
$599,990
6886 BALTIMORE ANNAPOLIS BOULEVARD, Linthicum Heights, MD 21090
Commercial property combines an operating pizza business with residential rental accommodations and includes restaurant equipment.
Property Size3,600 SF
Days on Market5
Property Features for 6886 BALTIMORE ANNAPOLIS BOULEVARD
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Retail
Property Condition
Severity
Minor
Evidence
some needed renovations
Additional Details
Business Included
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$7,974
Building Details
Building Size
3,600 SF
Year Built
1940
Listing Agency:
Ghimire Homes
(443) 600-7123
Listed By:
Brajesh Maharjan · License #5004261
(443) 600-7123
Source:
Thehulsmangroup
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 20 at 11:57AM
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 Ghimire Homes
Investment Insights
Based on property information with market context.
Built in 1940, this mixed-use commercial building includes an operating pizza business with restaurant equipment. The property also contains four rental bedrooms and a full bathroom, creating a combined commercial and residential configuration.
Some renovations are needed. Showings of the commercial space are available from 1 PM to 8 PM with 24 hours’ notice. The property is located at 6886 Baltimore Annapolis Boulevard in Linthicum Heights, Maryland.
Some renovations are needed. Showings of the commercial space are available from 1 PM to 8 PM with 24 hours’ notice. The property is located at 6886 Baltimore Annapolis Boulevard in Linthicum Heights, Maryland.
Key Highlights
- Operating pizza business with restaurant equipment
- Four rental bedrooms and one full bathroom
- Mixed‑use commercial and residential configuration
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
$37,179
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
6.20%
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%
$743,580
$743.6K
Cap Rate 7%
$531,129
$531.1K
Cap Rate 9%
$413,100
$413.1K
Market Conditions
NOI Build-Up for 3,600 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
$64.8K $18.00/SF
− Vacancy
−$5.3K −$1.48/SF
EGI
$59.5K $16.52/SF
− OpEx
−$22.3K −$6.20/SF
NOI
$37.2K $10.33/SF
Area
Anne Arundel County, MD
Vacancy
8.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$743,580
Cap Rate 7%
$531,129
Cap Rate 9%
$413,100
Alternative Uses
Best Use
Specialty Retail
$817.4K
$715.2K – $953.6K
NOI $57,217 @ 7.0% cap · market cap 9.54%
Second Best
Mixed Use
$531.1K
$464.7K – $619.7K
NOI $37,179 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$1.05M
$921.5K – $1.23M
NOI $73,716 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 39%
Hotels & Casinos 11%
Dunkin' Donuts
Dining
9,103 visits/mo
0.1 miles
Checkers
Dining
7,192 visits/mo
0.1 miles
7-Eleven
Shops & Services
5,341 visits/mo
0.4 miles
BP
Shops & Services
4,395 visits/mo
0.4 miles
Exxon
Shops & Services
2,978 visits/mo
0.4 miles
Demographics for 21090, MD
10,623
Population
4,191
Households
2.5
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
6.6 sq mi
ZIP Area
1,610
Density / Sq Mi
$124,688
Median Household Income
$67,525
Median Earnings
$1,910
Median Rent
$374,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property combines an operating pizza business with residential rental accommodations and includes restaurant equipment.
Where is this mixed-use property located?
The property is located at 6886 BALTIMORE ANNAPOLIS BOULEVARD Linthicum Heights, MD.
What is the asking price?
The asking price for this property is $599,990.
What are key features of this property?
This property features: Operating pizza business with restaurant equipment; Four rental bedrooms and one full bathroom; Mixed‑use commercial and residential configuration
