Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    601 35th St Baltimore, MD 21218

    View on Map
    Sponsored
    For Sale
    $499,900

    .436-acre lot, 1000 sq ft building, ideal for redevelopment.

    Property size:
    1,000 SF

    Property Features for 601 35th St

    General Information

    Property type
    Flex space
    Investment Type
    owner-user
    Square Feet
    1,000 SF
    Price / Square Foot
    $499
    Total Parking Spaces
    10
    Elevators
    N/A
    Net Rentable
    1,000 SF
    Lot Size
    18,992 SF

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    2

    Overview

    Baltimore Redevelopment Opportunity on .436 Acres

    Located in Baltimore, MD, this property features a 1,000 square foot building situated on a .436-acre lot, presenting a redevelopment opportunity. The property is classified as flex space and other industrial properties. The lot offers ample space for off-street parking. The property is conveniently located near Johns Hopkins University and Loyola College. The site is sold as-is and features public sewer and water. The building has no existing heating or cooling systems. This property is an owner-user investment opportunity. The absence of existing infrastructure allows for customized development to meet specific investor needs. Parcel number is 0309024050B029.

    We can help!

    Listing Contact
    Chris Cooke

    Learn more

    Property Insight Report

    HighLights

    • Prime .436‑acre lot in Baltimore, MD, near major universities.
    • 1,000 sq ft building offers flexible development potential.
    • Sold as‑is; public sewer and water; ideal investor opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    State
    Maryland
    Longitude
    -76.607884
    Latitude
    39.330556

    Nearby Comparable

    • $339,900

      Baltimore Specialty Property For Sale

      Specialty property available for purchase in Baltimore, Maryland.
      753 E 36Th St, Baltimore, MD 21218
      View Details
    • $289,900

      Baltimore Specialty Property For Sale

      Specialty property available in Baltimore, Maryland for $289,900.
      3303 Westerwald Ave, Baltimore, MD 21218
      View Details
    • $3,500,000

      Baltimore Specialty Property For Sale

      Specialty property available for purchase in Baltimore, Maryland.
      3226 Greenmount Ave, Baltimore, MD 21218
      View Details
    • $1,650,000

      Leased Commercial Investment Near University

      Leased commercial property near Johns Hopkins University.
      3203 Greenmount Ave, Baltimore, MD 21218
      View Details
    • $139,500

      Baltimore Specialty Property For Sale

      Specialty property available for purchase in Baltimore, Maryland.
      3526 Ellerslie Ave, Baltimore, MD 21218
      View Details
    • $248,000

      Mixed-Use Corner Building For Sale

      Two-story mixed-use corner building on Greenmount commercial corridor.
      3200 Greenmount Ave, Baltimore, MD 21218
      View Details
    • $325,000

      Baltimore Specialty Property For Sale

      Specialty property available in Baltimore, Maryland for $325,000.
      912 E 36Th St, Baltimore, MD 21218
      View Details
    • $300,000

      Baltimore Specialty Property For Sale

      Specialty property available for purchase in Baltimore, Maryland.
      831 E 33Rd St, Baltimore, MD 21218
      View Details
    • $410,000

      Updated Quadplex Near Johns Hopkins

      Four-unit building with recent updates and income potential.
      702 Homestead St, Baltimore, MD 21218
      View Details
    • $340,000

      Baltimore Specialty Property For Sale

      Specialty property available for purchase in Baltimore, Maryland.
      611 Parkwyrth Ave, Baltimore, MD 21218
      View Details
    • $164,900

      Montpelier Street Specialty Property

      Specialty property available for sale on Montpelier Street.
      616 Montpelier St, Baltimore, MD 21218
      View Details
    • $169,990
      1,848 SF

      Baltimore City Triplex Opportunity

      Triplex in Baltimore City, full rehab needed, investor alert!
      3748 Old York Rd, Baltimore, MD 21218
      View Details

    FAQs

    What type of property is this?
    Flex space - .436-acre lot, 1000 sq ft building, ideal for redevelopment.
    Where is this flex space located?
    The property is located at 601 35th St Baltimore, MD.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Prime .436-acre lot in Baltimore, MD, near major universities.; 1,000 sq ft building offers flexible development potential.; Sold as-is; public sewer and water; ideal investor opportunity.
    (410) 814-2400
    Request Owner's contact information
    601 35th St Baltimore, MD 21218
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    601 35th St
    Baltimore , MD 21218
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 35th St Baltimore, MD 21218
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chris Cooke
    (410) 814-2400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!