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Property profile & analytics

1539 Lgt St Baltimore, MD 21230-4694

  • Investment properties
  • 2,384 SF
  • 0.03 lot acres
OFF-MARKET
Last Sale
Nov 19, 2021
$480,000
Value Estimations
$625,000
Show details
Cap Rate Potential
4.9%
Investment properties
Location Intelligence
Property ID
US40-1501987
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.

Current Use by Public Records

  • Investment properties

Property Details for 1539 Lgt St

Year built
1900
Construction
BRICK
Lot size
0.03 lot acres
Property size
2,384 SF
Zone code
C-1
Property type
Investment properties
Property subtype
Live-work space
APN
24-03-1007 -020
APU
24031007020

Description

This exceptional 920-square-foot retail space is ideally situated at 1539 Light Street in Baltimore, Maryland, zip code 21230. The property is a single-tenant unit, perfect for a variety of uses, including nail salons, tattoo shops, or general office space. Its location within the vibrant Federal Hill neighborhood offers unparalleled access to a thriving community and a wealth of amenities. The property benefits from its proximity to the Inner Harbor, a major tourist destination, and is just steps away from popular attractions such as the Maryland Science Center, the National Aquarium, and the historic Federal Hill Park. This ensures high foot traffic and visibility for any business. The surrounding area boasts a diverse mix of national retailers and local boutiques, creating a dynamic and attractive environment for both businesses and customers. The address is easily accessible and benefits from excellent visibility along Light Street. This space presents a unique opportunity for a business seeking a high-traffic location in a desirable and established Baltimore neighborhood. The property is ready for immediate occupancy and offers a fantastic chance to establish or expand a business in a thriving area. Interested parties should inquire for lease terms and conditions.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $675,000
    ML approach
    $670,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $550,000
    6.5%
    $505,000
    7%
    $470,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $613,000
    Market price range: $185k - $614k
    AI Estimate
    $414,000
    Market price range: $216k - $415k
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $420,000
    Current use
    AUTO REPAIR, GARAGE
    $550,000
    Change: +31% Conversion: Difficult
    OFFICE BUILDING
    $490,000
    Change: +16% Conversion: Easy
    NEIGHBORHOOD: SHOPPING CENTER
    $435,000
    Change: +4% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Baltimore
County
Baltimore City
State
Maryland
Longitude
-76.6114
Latitude
39.2718
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
$7,665
$96,000
$228,800
$324,800
-
$96,000
$228,800
$324,800
More about this property
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