Baltimore Flex Property For
For Sale
$1,100,000
1104 Hull St, Baltimore, MD 21230
Flex property in Baltimore, MD
Property Size5,000 SF
Price / SF$220
Days on Market291
Property Features for 1104 Hull St
General Information
Standard status
Active
Property type
Flex space, Industrial properties
Size
5,000 SF
Class
C
Listing Agency:
Gold and Company
Listed By:
Jim Chivers · License #617251
(443) 928-7522
Added: Dec 19, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This flex property is located in Baltimore, Maryland. The building has 4,320 square feet of space on two floors. The property underwent a complete renovation in 2021 and is currently home to a fitness center. The property is opposite the former Under Armour headquarters.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,113
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,260
$1.1M
Cap Rate 7%
$773,043
$773.0K
Cap Rate 9%
$601,256
$601.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$90.0K $18.00/SF
− Vacancy
−$6.8K −$1.35/SF
EGI
$83.3K $16.65/SF
− OpEx
−$29.1K −$5.83/SF
NOI
$54.1K $10.82/SF
Area
Baltimore, MD
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,260
Cap Rate 7%
$773,043
Cap Rate 9%
$601,256
Alternative Uses
Best Use
Flex RnD
$773.0K
$676.4K – $901.9K
NOI $54,113 @ 7.0% cap · market cap 4.92%
Second Best
Industrial
$394.4K
$345.1K – $460.1K
NOI $27,607 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,850 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,078
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21230, MD
36,660
Population
18,070
Households
2
Avg Household Size
33
Median Age
59%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
5,819
Density / Sq Mi
$94,164
Median Household Income
$69,973
Median Earnings
$1,771
Median Rent
$327,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
Flex space - Flex property in Baltimore, MD
Where is this flex space located?
The property is located at 1104 Hull St Baltimore, MD.
What is the asking price?
The asking price for this property is $1,100,000.
