Property summary
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
VerifiedCap rate & NOI
Current use
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Daycare Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
TOD-3 · Baltimore, MDThe 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TOD-3 in Baltimore, MD.
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