Masonry Retail
New
For Sale
$1,650,000
7516 North Point Road, Baltimore, MD 21219
Owner-occupied retail property with B-L zoning and shared parking access near a Food Lion shopping center.
Property Size8,765 SF
Days on Market7
Property Features for 7516 North Point Road
General Information
Standard status
Active
Size
8,765 SF
Property subtype
Retail
Building Details
Building Size
8,765 SF
Listing Agency:
(301) 646-9310
Listed By:
Steve Catalano
(301) 646-9310
Source:
Naimichael
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 21 at 5:02AM
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 Steve Catalano
Investment Insights
Based on property information with market context.
This masonry retail building contains 8,765 square feet on approximately .4 acres of land. The property is zoned B-L (Business Local) and is currently owner occupied. A shared easement parking lot serves the building, providing parking access for the site.
The property is adjacent to a Food Lion shopping center and is located on North Point Road in Baltimore, Maryland. The existing masonry construction, retail configuration, local business zoning, and shared parking arrangement define the current commercial offering.
The property is adjacent to a Food Lion shopping center and is located on North Point Road in Baltimore, Maryland. The existing masonry construction, retail configuration, local business zoning, and shared parking arrangement define the current commercial offering.
Key Highlights
- 8,765 square foot masonry retail building
- Approximately .4 acres of land
- B‑L (Business Local) zoning
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
$124,058
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
7.52%
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%
$2,481,160
$2.5M
Cap Rate 7%
$1,772,257
$1.8M
Cap Rate 9%
$1,378,422
$1.4M
Market Conditions
NOI Build-Up for 8,765 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
$189.3K $21.60/SF
− Vacancy
−$12.1K −$1.38/SF
EGI
$177.2K $20.22/SF
− OpEx
−$53.2K −$6.07/SF
NOI
$124.1K $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%
$2,481,160
Cap Rate 7%
$1,772,257
Cap Rate 9%
$1,378,422
Alternative Uses
Best Use
Retail
$1.77M
$1.55M – $2.07M
NOI $124,058 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,989 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
Business Placement
Demographics for 21219, MD
9,594
Population
4,093
Households
2.3
Avg Household Size
45
Median Age
26%
College-Educated
92%
High-School Grad
12.1 sq mi
ZIP Area
793
Density / Sq Mi
$118,500
Median Household Income
$60,417
Median Earnings
$1,336
Median Rent
$370,800
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 - Owner-occupied retail property with B-L zoning and shared parking access near a Food Lion shopping center.
Where is this retail space located?
The property is located at 7516 North Point Road Baltimore, MD.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 8,765 square foot masonry retail building; Approximately .4 acres of land; B‑L (Business Local) zoning
