1111 Key Hwy Baltimore, MD 21230-5637
Property profile & analytics
1111 Key Hwy Baltimore, MD 21230-5637
- Industrial properties
- 7,433 SF
- 0.42 lot acres
Property ID
US40-1068841
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Goddard School of Baltimore (Locust Point) / Daycare Center
Property Details for 1111 Key Hwy
- Year built
- 1900
- Construction
- BRICK
- Lot size
- 0.42 lot acres
- Property size
- 7,433 SF
- Zone code
- TOD-3
- Property type
- Industrial properties
- APN
- 24-10-2016 -074
- APU
- 24102016074
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore City
- State
- Maryland
- Longitude
- -76.5978
- Latitude
- 39.2719
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$25,722
$1,089,900
$0.00
$1,089,900
-
$1,089,900
$0.00
$1,089,900
