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

    2734 Pennsylvania Ave Baltimore, MD 21217

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $115,000

    Commercial property suitable for renovation or redevelopment.

    Lot size:
    0.08 Acres

    Property Features for 2734 Pennsylvania Ave

    General Information

    Standard status
    Active
    Lot size
    0.08 Acres

    Building Details

    Year built
    1920

    We can help!

    Listing Contact
    Babak Razjouyan
    Source: Exitrealty

    Listing Agency: Realty International Consultant LLC Listing Agent: Babak Razjouyan

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

    Learn more

    Overview

    Commercial Property on Pennsylvania Avenue

    This commercial property, formerly utilized as a convenience store, barber shop, and retail space, presents an opportunity for renovation and rental or complete demolition and new construction. The property is boarded up, and exterior inspections are permitted. Owner financing options are available.
    Location Intelligence

    Current Use by Public Records

    Adam's Minimart Grocery & Convenience Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    SameDay-FlowerDelivery, Fleurs d'Ave, Eternal Flame Forist & Otrch, Mary F Burns Florist Shop, Jw Flower Room

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6461591
    Latitude
    39.3128654

    Nearby Similar for Sale

    • $699,000
      6,220 SF

      Highlandtown Mixed-Use Property For Sale

      Versatile property in Baltimore's Highlandtown Arts District.
      244 S Highland Ave, Baltimore, MD 21224
      View Details
    • $999,900
      7,500 SF

      Historic Downtown Multipurpose Building

      Five-story building near Inner Harbor, Camden Yards, and M&T Bank.
      200 W Fayette St, Baltimore, MD 21201
      View Details
    • $500,000
      0.31 Acres

      Iconic Inn with Liquor License

      Landmark inn with 7-day liquor license and income potential.
      2816 North Point Rd, Baltimore, MD 21222
      View Details
    • $799,900
      2,300 SF

      Baltimore Commercial Property For Sale

      Well-maintained commercial property with high visibility and immediate rental income.
      7901 Belair Rd, Baltimore, MD 21236
      View Details
    • $799,900
      0.25 Acres

      Baltimore Office and Warehouse Building

      Large office and warehouse/flex building suitable for single or multiple tenants.
      7518 Harford Rd, Baltimore, MD 21234
      View Details
    • $399,900

      Spacious Office with Ample Parking

      Combined office space with 8 rooms, ideal for various businesses.
      19 Fontana Ln, Baltimore, MD 21237
      View Details
    • $839,999
      0.15 Acres

      Three-Story Commercial Property For Sale

      Three-story commercial property with steady income and growth potential.
      7544 Holabird Ave, Baltimore, MD 21222
      View Details
    • $310,000
      0.07 Acres

      Baltimore Restaurant Property For Sale

      Carry-out restaurant property on high-traffic Reisterstown Road.
      5625 Reisterstown Rd, Baltimore, MD 21215
      View Details
    • $450,000
      0.42 Acres

      Retail Building on Belair Road

      Highly visible retail building with frontage and signage potential.
      8836 Belair Rd, Baltimore, MD 21236
      View Details
    • $395,000
      0.05 Acres

      Broadway Retail Building in Baltimore

      Two-unit retail building near Fells Point Market.
      508 S Broadway, Baltimore, MD 21231
      View Details
    • $1,129,000
      3,900 SF

      Standalone Office Building on York Road

      Two-story office building with finished ground level and ample parking.
      6501 York Rd, Baltimore, MD 21212
      View Details
    • $899,998
      4,915 SF

      Mount Vernon Multi-Family Investment

      Four-unit property in Baltimore's historic Mount Vernon neighborhood.
      1113 N Calvert St, Baltimore, MD 21202
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial property suitable for renovation or redevelopment.
    Where is this storefront property located?
    The property is located at 2734 Pennsylvania Ave Baltimore, MD.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - Commercial property suitable for renovation, rental, or demolition and new construction; - Potential for investment income; - Located in a commercial area previously used as a convenience store, barber shop, and retail
    (703) 463-4219
    Request Owner's contact information
    2734 Pennsylvania Ave Baltimore, MD 21217
    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.
    2734 Pennsylvania Ave
    Baltimore, MD 21217
    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
    2734 Pennsylvania Ave Baltimore, MD 21217
    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
    Babak Razjouyan
    (703) 463-4219
    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!