Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    857 Fort Ave Baltimore, MD 21230

    • Neighborhood centers
    • 125,146 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Coinstar Kiosk - Bitcoin ATM / Atm / Currency Exchange Service
    • Southside Marketplace / Grocery & Convenience Store / Food Market
    • Giant Food / Grocery & Convenience Store / Food Market
    • Coinstar Kiosk / Bank / Credit Union
    • MoneyGram / Bank / Credit Union

    Property Details for 857 Fort Ave

    Property size
    125,146 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    Southside Marketplace, located at 857 East Fort Avenue in Baltimore, Maryland, presents a unique retail investment opportunity. This 125,146 square foot strip center and restaurant space offers multiple tenancy options, with three suites currently available. The property boasts a prime location in the heart of the dense and affluent Federal Hill neighborhood, providing exceptional visibility and accessibility to a high-traffic area. A significant advantage is the availability of ample surface parking, a rare commodity in this location. Individual suite sizes range from a minimum of 1,386 square feet to a maximum contiguous space of 6,600 square feet, offering flexibility for a variety of retail businesses. Currently, there are 10,466 square feet of vacant space available for lease. The property is situated in Baltimore County, Maryland, zip code 21230. This retail center provides an excellent opportunity for businesses seeking a high-profile location with convenient parking in a thriving community. The property's strategic location and flexible space options make it an ideal choice for both established businesses and new ventures seeking to capitalize on the area's strong demographics and high foot traffic. The property's address is 857 East Fort Avenue, Baltimore, MD 21230.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6038
    Latitude
    39.2704

    Comparable in this City

    • Value Estimation
      $8,090,000
      64,552 SF

      2135 Patapsco Ave

      SHOPPING CENTER, STRIP CENTER • 64,552 SF
      2135 Patapsco Ave, Baltimore, MD 21230-2946
      View Details
    • Value Estimation by Request
      105,190 SF

      180 Ostend St

      Medical offices • 105,190 SF
      180 Ostend St, Baltimore, MD 21230
      View Details
    • Value Estimation
      $535,000
      3,200 SF

      2100 Haines St

      WHOLESALE OUTLET, DISCOUNT STORE • 3,200 SF
      2100 Haines St, Baltimore, MD 21230-3206
      View Details
    • Value Estimation
      $12,170,000
      90,755 SF

      843 Ft Ave

      MINI-MALL • 90,755 SF
      843 Ft Ave, Baltimore, MD 21230-5117
      View Details
    • Value Estimation
      $27,015,000
      143,040 SF

      2601 Prt Covington Drlu104

      WHOLESALE OUTLET, DISCOUNT STORE • 143,040 SF
      2601 Prt Covington Drlu104, Baltimore, MD 21230-5002
      View Details
    • Value Estimation
      $4,575,000
      31,340 SF

      901 Ft Ave

      MINI-MALL • 31,340 SF
      901 Ft Ave, Baltimore, MD 21230-4762
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,801 SF

      Restaurant Space For Sale/Lease

      Restaurant space available for sale or lease near I-95.
      900 E Fort Ave, Baltimore, MD 21230
      View Details
    • $1,175,000
      5,247 SF

      Light Street Mixed-Use Building

      Prime Baltimore location, high ROI potential.
      1135 Light St, Baltimore, MD 21230
      View Details
    • $875,000
      0.11 Acres

      Mixed-Use Property in Pigtown, Baltimore

      Mixed-use property with commercial and residential income potential.
      803-807 Washington Blvd, Baltimore, MD 21230
      View Details
    • Contact for pricing
      48,000 SF

      Prime Federal Hill Commercial Property

      48,000 SF Retail/Office Building For Sale
      814 Light St, Baltimore, MD 21230
      View Details
    • $1,175,000
      5,247 SF

      Federal Hill Mixed-Use Investment

      Prime Baltimore location, high potential.
      1135 Light St, Baltimore, MD 21230
      View Details
    • $875,000
      0.11 Acres

      Mixed-Use Investment in Pigtown

      Mixed-use property with commercial and residential income potential.
      803-807 Washington Blvd, Baltimore, MD 21230
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      100,403 SF

      Baltimore Peninsula Retail Space

      Prime Baltimore retail & restaurant space available.
      101 Dickman St, Baltimore, MD 21230
      View Details
    • $3,500 /Mo

      Pigtown Commercial Space for Restaurant

      3,000 sq ft commercial space ideal for a restaurant.
      803 Washington Blvd, Baltimore, MD 21230
      View Details
    • Contact for pricing
      3,816 SF

      Federal Hill Restaurant Space Available

      3,816 SF restaurant space in the heart of Federal Hill.
      1024-1030 Light St, Baltimore, MD 21230
      View Details
    • $1,950 /Mo
      1,742 SF

      Pigtown Restaurant/Deli Space For Lease

      Equipped restaurant/deli space in high-traffic Pigtown location.
      813 Washington Blvd, Baltimore, MD 21230
      View Details
    • $3,500 /Mo

      Pigtown Commercial Space For Rent

      3,000 sq ft commercial space ideal for restaurant.
      803 Washington Blvd, Baltimore, MD 21230
      View Details
    • $1,950 /Mo

      Pigtown Restaurant/Retail Space For Rent

      Equipped restaurant/retail space in high-traffic Pigtown location, NNN lease.
      813 Washington Blvd, Baltimore, MD 21230
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    857 Fort Ave
    Baltimore, MD 21230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.