Property profile

10 Light St Baltimore, MD 21202

FOR LEASE
Residential income homes
Property ID
US40-0719784
435,817 SF 0.5 ac lot Built 1929
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail and office space, located at 10 Light Street in Baltimore City's vibrant Inner Harbor, offers a unique opportunity for businesses seeking a high-visibility location. Situated within a 419-unit apartment building, this Class A property boasts 435,817 total square feet and benefits from ground-level access and high foot traffic along the bustling Light Street corridor. The building, constructed in 1929, seamlessly blends historical charm with modern architecture, creating an attractive and dynamic environment. Available spaces cater to a variety of uses, including juice bars, cafes, salons, executive office suites, standard retail, apparel stores, salon suites, spas, and professional offices. The flexible layouts, including open layouts, are designed to accommodate diverse business needs. The property is zoned C-5 and is part of the Baltimore City CBD submarket cluster. Spaces are offered on a modified gross lease basis, simplifying budgeting by combining rent and expenses into a single rate (subject to business use). This is an unparalleled opportunity to establish a thriving business in a prime Inner Harbor location. The former Under Armour retail space presents a particularly compelling opportunity. Don't miss this chance to secure your place in this dynamic urban setting.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1929
Construction BRICK
Total area 435,817 SF
Lot 0.5 ac (21,645 SF)
Zoning code C-5TO
APN 04-11-0648 -005
UPID US40-0719784

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Gym & Fitness Center
  • Bank Loan Service
  • Law Firm Insurance Agency
  • Hotel & Motel

Location

10 Light St Baltimore, MD 21202
Baltimore metro Census 40100 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$73.49M
Blend (final) Blend
$69.92M

Owner & transaction history

since 2022
Last sale
$69.2M
4 recorded transactions
2022
$69.2M
2012
$6.0M
2002
$5,330
1969
Price N/A

Zoning & alternative use

C-5TO · Baltimore, MD
Top alternative use upside
Auto repair, garage $100.6M +78.5%
Restaurant $99.1M +75.9%
Neighborhood: shopping center $79.8M +41.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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