Large Modern Laundromat Newer Equipment Strong Growth Potential
Baltimore, MD
Asking price
$442,000
Machines
—
Cap rate
—
Price / machine
—
What it would have to earn
This listing does not publish an NOI, so its return cannot be computed. These are the figures it would need to hit at the asking price — a screen to take to the broker, not a claim about the property.
- A 6% cap rate at this asking price
- $26,520
- A 8% cap rate at this asking price
- $35,360
- A 10% cap rate at this asking price
- $44,200
Annual net operating income, before financing. Cap rates vary by asset class and market; these three are a range to screen against, not a market rate for this property.
No listing in laundromats on UnitListed discloses a cap rate, so there is no disclosed range to compare this screen against.
Add financing and run the full numbers →About this property
Excellent opportunity to acquire a large, modern coin laundromat in a densely populated Baltimore City market. This approximately 5,000-square-foot laundromat was newly developed in 2019, with the owner investing approximately $1.1 million at the time in new commercial washers, dryers, equipment, improvements, and build-out. The current owner lives approximately two hours away and, because of his age and distance from the business, has operated the laundromat on a largely absentee basis since opening. The business has depended heavily on employees rather than active owner management. Current gross revenue has historically been approximately $35,000 per month, or approximately $420,000 annually, subject to buyer verification. The major opportunity is for an experienced, hands-on owner to improve operations and expand the business. Management believes there is potential to substantially increase revenue through stronger day-to-day management, improved wash-and-fold service, marketing, pickup and delivery, commercial accounts, and better utilization of this large facility. A motivated owner-operator could potentially develop this location into a significantly higher-volume laundry operation.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $442,000 |
|---|---|
| First seen by UnitListed | Oct 1, 2026 |
| Source page last checked | Oct 1, 2026 |
| Source last changed | Oct 1, 2026 |
Trade area · Baltimore, MD
4 of 6 availableContext about the county from the public record — not from the seller, and not a valuation. The seller's own figures are shown separately above and are never mixed with these.
Baltimore, MD has 27 coin-operated laundries and drycleaners recorded by Census across 577,193 residents — about 21,378 people per facility.
- Mapped competitors within 3 miles
- 38
- Residents per competing facility
- 21,378
- Renter-occupied housing
- 52.5%
- Median SBA loan approved, this asset class
- —
- SBA loans in this industry that charged off
- —
- FEMA composite risk rating
- Relatively High
OpenStreetMap contributors · current
US Census County Business Patterns + ACS · 2022 · county level
US Census ACS 5-year, table B25003 · 2023 · county level
Only 1 loan recorded — too few to publish a median. The count is shown instead.
SBA 7(a) and 504 FOIA loan disclosures · FY2025-FY2025 · county level
Only 1 loan on record; a default rate over that few is noise.
SBA 7(a) and 504 FOIA loan disclosures · FY2025-FY2025 · county level
FEMA National Risk Index · 2025 · county level
Sources: US Census Bureau (County Business Patterns, American Community Survey), US Small Business Administration 7(a)/504 loan disclosures, FEMA National Risk Index, and © OpenStreetMap contributors. Public records describe a county, not this property.
Before you call the broker
10 things are not disclosed on this listing. These are the questions that would close the gap — specific to a laundromat, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Whether real estate is included — not disclosed
Does this sale include the building, or is it the business with a lease?
Most of the value in a laundromat purchase. The audit is right that sources almost never publish it.
Lease terms — not disclosed
What is the remaining lease term, the rent, the escalations and the renewal options?
A business-only purchase with three years left on the lease is buying three years. This is the number that decides the deal.
Machine count, age and mix — not disclosed
How many washers and dryers, what capacities, what age, and are any leased?
Equipment at end of life is a six-figure replacement. Leased machines are a liability that transfers.
How revenue is evidenced — not disclosed
How is revenue documented — card system reports, tax returns, or owner estimates?
A largely cash business needs evidence beyond a seller spreadsheet. What you can verify is what you can finance.
Utility cost and who pays — not disclosed
What do water, gas and electricity cost annually, and are any included in the rent?
The largest operating expense in a laundromat, and the one most often understated.
Whether the figure is SDE or NOI — not disclosed
Is the income figure seller discretionary earnings or net operating income?
SDE includes the owner salary; NOI does not. Treating one as the other overstates what you can pay by a wide margin.
Asking price — disclosed
Currency of the asking price — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Oct 1, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 1, 2026First seen by UnitListed
The asking price has not changed across any of our observations.