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4000 W Northern Pky 6,200 SF 100% Leased Office Building Baltimore, MD 21215 $850,000 ($137.10/SF) 10.43% Cap Rate
INVESTMENT HIGHLIGHTS
- Mixed Use: Three Leased Offices & Two Vacant Apts (1BR and 2BR), with the 1BR Remodeled.
- Highly Visible and Easy Access from W Northern Pkwy
- Ample Parking with 18 Spaces
- NOI of $68,246 with Value-Add Opportunity to Lease Apts!
- Blocks from Reisterstown Rd, Park Heights, I-83, Liberty Rd, Sinai Hospital and abundant retail and services!
EXECUTIVE SUMMARY
Rarely available mixed-use asset on W Northern Pkwy, between Reisterstown Rd and Park Heights! 100% leased to 5 units, consisting of 3 medical-oriented offices and two apartments (one 1BR unit and one 2BR unit) with the 1BR unit completely remodeled.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
6,200 SF
Building Class
C
Year Built/Renovated
1970/2023
Price
$850,000
Price Per SF
$137.10
Cap Rate
10.43%
NOI
$88,629
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,100 SF
Building FAR
0.37
Lot Size
0.38 AC
Zoning
B-3-1
Parking
18 Spaces (2.9 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (78)
PROPERTY TAXES
| Parcel Number | 4426B-034 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $362,633 |
PROPERTY TAXES
Parcel Number
4426B-034
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$362,633
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4000 W Northern Pky
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