Property profile

1111 Key Hwy Baltimore, MD 21230

OFF-MARKET
Industrial properties
Property ID
US40-1068841
7,433 SF 0.42 ac lot Built 1900
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

Exceptional investment opportunity: a brand-new, Class A, 14,958 square foot Goddard School in Baltimore, MD. This stabilized, single-tenant property boasts a 16-year remaining lease (with options) to a strong franchisee, commanding 100% occupancy since December 1, 2023. The property features a 6.31% cap rate and a substantial net operating income (NOI) of $536,753. Built in 2023 on a 0.65-acre lot, the two-story building includes 14 classrooms, indoor/outdoor recreation areas, and ample parking. Situated in a densely populated, high-income submarket, this daycare benefits from excellent accessibility via I-95 and Key Highway. Lease terms include annual rent increases (3% in years 2 & 3, then 2% annually), providing a hedge against inflation and significant rent appreciation potential. The property's thoughtful design incorporates green roofs, ramp accessibility, and modern HVAC systems, minimizing future capital expenditures. The location's land constraints and water views contribute to substantial residual value. This is a rare opportunity to acquire a high-performing asset in a desirable market.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1900
Construction BRICK
Total area 7,433 SF
Lot 0.42 ac (18,165 SF)
Zoning code TOD-3
APN 24-10-2016 -074
UPID US40-1068841

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
  • Daycare Center

Location

1111 Key Hwy Baltimore, MD 21230-5637
Baltimore metro Census 240100 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2022
Last sale
$7.8M
7 recorded transactions
2022
Price N/A
2022
Price N/A
2019
$2.0M
2019
Price N/A
2017
$1.5M
2011
$1.2M
2001
Price N/A

Zoning & alternative use

TOD-3 · Baltimore, MD
Zoning description

The purpose of TOD Transit-Oriented Development Zoning Districts is to encourage the location of uses and forms of development conducive to increased transit usage. This District is intended to promote new, well-integrat…

General category COMMERCIAL

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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