Flex Property with Fenced
1120 Watson St Baltimore, MD
1120 Watson St, Baltimore, MD, 00000
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For Sale
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24,790 SF flex property with fenced parking in Baltimore.
Property Size24,790 SF
Lot Size0.19 Acres
Price / SF$84.51
Days on Market455
Property Features for 1120 Watson St
General Information
- Standard status
- Active
- Size
- 24,790 SF
- Lot size
- 0.19 Acres
- Property subtype
- OFFICE
Listing agency
Brexton Commercial - Baltimore
(410) 877-5559
Listed by
Michael Durst · License #660871
(410) 877-5559
Source
Moodyscre
Added: Apr 23, 2025 Updated: Jul 6 at 9:01AM Checked: Jul 21 at 2:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brexton Commercial - Baltimore
Investment Insights
Based on property information with market context.
This portfolio of flex properties, located at 1119-1127 E. Baltimore St. and 1120-1124 Watson St., offers a rare assemblage suitable for a business owner or investor. The interconnected buildings provide 24,790 square feet of flex office, warehouse, and manufacturing space on a total of 0.394 acres. The property features a securitized entrance for employees and customers on E. Baltimore St., as well as an overhead door at the back of the 1123 building. A fenced parking lot to the west of the building accommodates 15-20 cars and includes a phase 2 charging station. There is also a fenced parking area and door entry into the back of the 1127 building on Watson Street. The property benefits from fenced parking and rear overhead door access. The current owner requires a lease-back of the property for a minimum of 2-3 months and up to 12 months to facilitate a successful transition.
Key Highlights
- Expansive 24,790 sq ft flex space ideal for office, warehouse, or manufacturing.
- Fenced parking lot provides space for 15‑20 cars and includes a phase 2 charging station.
- Fenced rear overhead door access for easy loading and unloading.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $208.2k | $8.40 |
| − Vacancy | −$16.2k | −$0.65 |
| EGI | $192.1k | $7.75 |
| − OpEx | −$28.8k | −$1.16 |
| NOI | $163.3k | $6.59 |
24,790 SF · lease $8.40/SF/yr · vacancy 7.76% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$3.83M
$3.35M – $4.47M
NOI $268,290 @ 7.0% cap · market cap 12.81%
Second Best
Warehouse
$2.33M
$2.04M – $2.72M
NOI $163,265 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$5.94M
$5.20M – $6.93M
NOI $415,729 @ 7.0% cap · market cap 19.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
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- Hoodfellas Catering & Food Truck — munsey building, 7 N Calvert St, Baltimore, MD 21202
FAQs
What type of property is this?
Flex space - 24,790 SF flex property with fenced parking in Baltimore.
Where is this flex space located?
The property is located at 1120 Watson St Baltimore, MD.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: Expansive 24,790 sq ft flex space ideal for office, warehouse, or manufacturing.; Fenced parking lot provides space for 15‑20 cars and includes a phase 2 charging station.; Fenced rear overhead door access for easy loading and unloading.
