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    1503 Wilmington Ave Baltimore, MD 21230

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    For Sale
    $450,000

    Warehouse and office space with multiple entrances and lease income.

    Lot size:
    0.14 Acres

    Property Features for 1503 Wilmington Ave

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    2009

    Source: Keller Williams Main Line Agent Michael John Fiteni

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Warehouse and Office Space For Sale

    This property features approximately 3,500 square feet of warehouse and office space. It includes three separate entrances located at the front and rear of the building. The existing office space can be converted back to warehouse use. Improvements can be made to the rear and front of the building, including the addition of a mezzanine. The property is currently rented under a two-year triple net lease, generating $4,000 per month, with the lease term running from November 2024 to November 2025. This warehouse is located on a quiet dead-end street.
    Insight Report Location Intelligence

    Current Use by Public Records

    Row Home Remodel Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    Extra Space Storage, Iron Mountain, Caton-Wilkens Mini Storage, Self-Storage at U-Haul, Prime Storage

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6573561
    Latitude
    39.2680963

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    FAQs

    What type of property is this?
    Warehouse - Warehouse and office space with multiple entrances and lease income.
    Where is this warehouse located?
    The property is located at 1503 Wilmington Ave Baltimore, MD.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - 3,500 sqft warehouse and office space.; - Currently rented at $4,000/month on a triple net lease.; - Lease term until November 2025.
    (484) 340-0598
    Request Owner's contact information
    1503 Wilmington Ave Baltimore, MD 21230
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    Realmo Value Estimation

    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.

    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.

    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
    1503 Wilmington Ave Baltimore, MD 21230
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