Building Details

Building Size 12,000 SF

Buildings 1

Listing Agency: MacKenzie Commercial Real Estate - Corporate

Listed By: Nick Maggio Show Phone

Source: Mackenziecommercial

Added: Oct 30 Last Checked: Oct 30 at 3:00PM

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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 MacKenzie Commercial Real Estate - Corporate

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Investment Insights

Based on property information with market context.

This freestanding flex property in Baltimore contains approximately 12,000 SF on 0.55 AC. Its current configuration includes a commercial bakery and commissary kitchen alongside a retail storefront. Loading is supported by two dock doors and one at-grade overhead door, with on-site parking also available. The property is zoned BM (Business Major).

Holabird Avenue carries approximately 20,530 vehicles per day, and Merritt Park Shopping Center is directly across the street. Pylon signage is available at the property.

Key Highlights

• Approximately 12,000 SF building on 0.55 AC
• Bakery and commissary kitchen configuration with retail storefront
• Two dock doors and one at‑grade overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$129,870

Cap Rate

8.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,597,400 $2.6M

Cap Rate 7%

$1,855,286 $1.9M

Cap Rate 9%

$1,443,000 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,000 SF

Gross rent

$216.0K $18.00/SF

− Vacancy

−$16.2K −$1.35/SF

EGI

$199.8K $16.65/SF

− OpEx

−$69.9K −$5.83/SF

NOI

$129.9K $10.82/SF

Area

Baltimore, MD

Vacancy

7.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,597,400

Cap Rate 7%

$1,855,286

Cap Rate 9%

$1,443,000

Alternative Uses

Best Use

Specialty Retail

$2.77M

$2.42M – $3.23M (±1% cap)

NOI $193,914 @ 7.0% cap · market cap 12.93%

Second Best

Retail

$2.43M

$2.12M – $2.83M (±1% cap)

NOI $169,846 @ 7.0% cap · market cap 11.32%

Theoretical Best

Office A

$2.87M

$2.52M – $3.35M (±1% cap)

NOI $201,241 @ 7.0% cap · market cap 13.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Accounting Firm Skin Care Clinic Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Dock-high doors

1

Drive-in doors

20,530 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

803

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 21222, MD

59,062

Population

24,054

Households

2.5

Avg Household Size

38

Median Age

14%

College-Educated

85%

High-School Grad

11.5 sq mi

ZIP Area

5,136

Density / Sq Mi

$61,934

Median Household Income

$41,920

Median Earnings

$1,390

Median Rent

$200,800

Median Home Value

Market

Vacancy Rate% for Industrial in Baltimore, MD

6.4% 2019

5.9% 2020

2.6% 2021

3% 2022

3% 2023

7.6% 2024

8.8% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A freestanding commercial property combines food-production space with a customer-facing storefront and loading access.

Where is this flex space located?

The property is located at 7558-7560 Holabird Avenue Baltimore, MD.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Approximately 12,000 SF building on 0.55 AC; Bakery and commissary kitchen configuration with retail storefront; Two dock doors and one at‑grade overhead door