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    1135 Light St Baltimore, MD 21230

    Sponsored
    For Sale
    $1,175,000

    Prime Baltimore location, high ROI potential.

    Property size:
    5,247 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 1135-1137 Light Street in Baltimore, Maryland, presents a compelling investment opportunity. The 5,247 square foot building, constructed in 1920, sits on a 2,195 square foot lot and is zoned C-1. Currently operating at 62% occupancy, the property features a ground floor retail/office space (formerly occupied by an optometry practice) and three residential apartments on the upper floors. The apartments are described as "B+" quality, boasting large layouts, individually metered utilities, and mini-split heating and cooling systems. The building offers a strong net operating income (NOI) of $94,359, resulting in an attractive 8.03% cap rate. The asking price is $1,175,000, translating to $223.94 per square foot. The property is a multi-tenant building with four tenants under a NNN lease structure. Its location in the desirable Federal Hill neighborhood, near the Inner Harbor and the developing Port Covington area, offers significant potential for future appreciation. The proximity to popular tourist destinations also presents an opportunity to increase NOI by converting the residential units to short-term rentals. Street parking is available, with a nearby parking garage providing additional convenience. This is a rare opportunity to acquire a well-positioned mixed-use asset in a thriving Baltimore neighborhood.

    Property Features for 1135 Light St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,247 SF

    Building Details

    Year Built
    1920

    HighLights

    • Submarket: Federal Hill
    • Cross Streets: Light & West
    • Ground Floor: Retail/Office space (formerly optometry practice)
    • Upper Floors: Three "B+" condition residential apartments with individually metered utilities and mini‑split HVAC
    • Street parking available, with nearby garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6120222
    Latitude
    39.2761144

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Baltimore location, high ROI potential.
    Where is this mixed-use property located?
    The property is located at 1135 Light St Baltimore, MD.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: Submarket: Federal Hill; Cross Streets: Light & West; Ground Floor: Retail/Office space (formerly optometry practice)
    Request Owner's contact information
    1135 Light St Baltimore, MD 21230
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1135 Light St Baltimore, MD 21230
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