Rosedale Building For
For Sale
$1,300,000
1331 Seling Ave, Baltimore, MD 21237
Building property for sale in Rosedale, MD
Property Size9,300 SF
Lot Size7.90 Acres
Price / SF$139.78
Days on Market245
Property Features for 1331 Seling Ave
General Information
Standard status
Active
Property type
Flex space, Industrial properties
Size
9,300 SF
Class
C
Lot size
7.90 Acres
Listing Agency:
Gold and Company, LLC.
(443) 928-7522
Listed By:
Jim · License #617251
(443) 928-7522
Added: Dec 19, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
The property is a 9,300 square-foot building situated on 7.88 acres. It features an outdoor pavilion and ample parking. The property is located in Baltimore, Maryland, with a postal code of 21237.
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
$100,649
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
7.74%
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%
$2,012,980
$2.0M
Cap Rate 7%
$1,437,843
$1.4M
Cap Rate 9%
$1,118,322
$1.1M
Market Conditions
NOI Build-Up for 9,300 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
$167.4K $18.00/SF
− Vacancy
−$12.6K −$1.35/SF
EGI
$154.8K $16.65/SF
− OpEx
−$54.2K −$5.83/SF
NOI
$100.6K $10.82/SF
Area
Baltimore, MD
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,012,980
Cap Rate 7%
$1,437,843
Cap Rate 9%
$1,118,322
Alternative Uses
Best Use
Flex RnD
$1.44M
$1.26M – $1.68M
NOI $100,649 @ 7.0% cap · market cap 7.74%
Second Best
Industrial
$733.5K
$641.9K – $855.8K
NOI $51,348 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $155,961 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21237, MD
31,477
Population
13,171
Households
2.4
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
2,786
Density / Sq Mi
$90,269
Median Household Income
$52,070
Median Earnings
$1,440
Median Rent
$280,400
Median Home Value
Market
Vacancy Rate% for Industrial in Baltimore, MD
Questions? Ask Rey
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Similar Off Market Nearby
- Tony's Diner Inc — 8419 Philadelphia Rd, Baltimore, MD 21237
Frequently Asked Questions
What type of property is this?
Flex space - Building property for sale in Rosedale, MD
Where is this flex space located?
The property is located at 1331 Seling Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $1,300,000.
