Highlandtown Warehouse Conversion
204 S EATON St Baltimore, MD 21224
For Sale
$1,200,000
6,875 SF warehouse with apartment conversion potential and parking.
Property Size6,875 SF
Price / SF$174.55
Days on Market93
Property Features for 204 S EATON St
General Information
- Standard status
- Active
- Size
- 6,875 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1940
Listing Agency:
Coldwell Banker Residential Brokerage
(443) 956-6913
Listed By:
Charles W Cockrill · License #34091
(443) 956-6913
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 24 at 1:31PM
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 Coldwell Banker Residential Brokerage
Investment Insights
Based on property information with market context.
Located in the Highlandtown neighborhood, 204 S. Eaton Street presents a 6,875 square foot industrial property formerly used for manufacturing. The property features an open format and high-level garage doors. It has zoning approval for up to 28 parking spaces, making it suitable for a 24 to 28-unit apartment conversion with on-site parking. The location offers excellent visibility and accessibility. The area has a walk score of 93, indicating it is a walker's paradise, a bike score of 65, indicating it is bikeable, and a transit score of 70, indicating excellent transit.
Key Highlights
- Approved zoning for 24‑28 unit apartment conversion.
- Includes zoning approval for up to 28 on‑site parking spaces.
- Large 6,875 square foot open warehouse space.
Financial Insights For Mixed Use
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 | $148.5k | $21.60 |
| − Vacancy | −$14.9k | −$2.16 |
| EGI | $133.7k | $19.44 |
| − OpEx | −$50.1k | −$7.29 |
| NOI | $83.5k | $12.15 |
6,875 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.19M
$1.04M – $1.39M
NOI $83,531 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,450 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,294 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Impero Food & Meat ...
Grocery & Convenience Store
Similar Off Market Nearby
- Natty Boh Tower — 3600 O'Donnell St, Baltimore, MD 21224
- Baltimore Monthly Parking — 2703 Foster Ave, Baltimore, MD 21224
- Self Storage Facility — 416 Grundy St, Baltimore, MD 21224
- Self Storage — 3901 O'Donnell St, Baltimore, MD 21224
- Canton Self Storage — 3600 O'Donnell St, Baltimore, MD 21224
FAQs
What type of property is this?
Warehouse - 6,875 SF warehouse with apartment conversion potential and parking.
Where is this warehouse located?
The property is located at 204 S EATON St Baltimore, MD.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approved zoning for 24‑28 unit apartment conversion.; Includes zoning approval for up to 28 on‑site parking spaces.; Large 6,875 square foot open warehouse space.
