Signalized Corner Retail
For Sale
$2,499,000
3700 Falls Road, Baltimore, MD 21211
Vacant, well-maintained retail building with excellent visibility at a signalized corner intersection.
Property Size12,500 SF
Days on Market50
Property Features for 3700 Falls Road
General Information
Standard status
Active
Size
12,500 SF
Total Parking Spaces
21
Property subtype
Retail
Building Details
Building Size
12,500 SF
Listed By:
Ross Conn
(301) 275-5509
Source:
Avenuerealestatellc
Added: Jul 27
Changed: Sep 13
Last Checked: Sep 13 at 9:10AM
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 Ross Conn
Investment Insights
Based on property information with market context.
This well-maintained retail building is delivered 100% vacant and ready for occupancy. The property offers a storefront retail configuration and includes 21 surface parking spaces.
The building is located in the Hampden neighborhood of Baltimore, Maryland, with excellent visibility and access at the signalized northwest corner of Falls Road and W. 37th Street.
For tenants and investors seeking a retail space with straightforward access and ample nearby parking, this corner property provides a clean slate with a fully vacant delivery.
The building is located in the Hampden neighborhood of Baltimore, Maryland, with excellent visibility and access at the signalized northwest corner of Falls Road and W. 37th Street.
For tenants and investors seeking a retail space with straightforward access and ample nearby parking, this corner property provides a clean slate with a fully vacant delivery.
Key Highlights
- Well‑maintained retail building delivered 100% vacant
- Excellent visibility and access at the signalized NWC of Falls Road & W. 37th Street
- Located in the heart of Hampden, Baltimore
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$176,923
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,538,460
$3.5M
Cap Rate 7%
$2,527,471
$2.5M
Cap Rate 9%
$1,965,811
$2.0M
Market Conditions
NOI Build-Up for 12,500 SF
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.
Gross rent
$270.0K $21.60/SF
− Vacancy
−$17.3K −$1.38/SF
EGI
$252.7K $20.22/SF
− OpEx
−$75.8K −$6.07/SF
NOI
$176.9K $14.15/SF
Area
Baltimore, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,538,460
Cap Rate 7%
$2,527,471
Cap Rate 9%
$1,965,811
Alternative Uses
Best Use
Retail
$2.53M
$2.21M – $2.95M
NOI $176,923 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,626 @ 7.0% cap · market cap 8.39%
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
714
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21211, MD
17,721
Population
9,056
Households
2
Avg Household Size
37
Median Age
61%
College-Educated
93%
High-School Grad
2.9 sq mi
ZIP Area
6,111
Density / Sq Mi
$81,467
Median Household Income
$64,019
Median Earnings
$1,577
Median Rent
$274,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant, well-maintained retail building with excellent visibility at a signalized corner intersection.
Where is this storefront property located?
The property is located at 3700 Falls Road Baltimore, MD.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Well‑maintained retail building delivered 100% vacant; Excellent visibility and access at the signalized NWC of Falls Road & W. 37th Street; Located in the heart of Hampden, Baltimore
