Baltimore City Industrial
For Sale
$1,600,000
1620 w 41St St, Baltimore, MD 21211
Industrial Property For Sale in Baltimore City
Property Size4,600 SF
Lot Size1.70 Acres
Price / SF$347.83
Days on Market291
Property Features for 1620 w 41St St
General Information
Standard status
Active
Property type
Flex space, Industrial properties
Size
4,600 SF
Class
C
Lot size
1.70 Acres
Building Details
Buildings
3
Listing Agency:
Gold and Company
Listed By:
Jim Chivers · License #617251
(443) 928-7522
Added: Dec 19, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This industrial site, located in Baltimore City, offers 1.7 total acres and is zoned I-1, Baltimore City Industrial. The property includes approximately 4,600 square feet of buildings and features drive-in access. It benefits from visibility from the JFX. Short term leases are currently in place. The property is centrally located within Baltimore City.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,784
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$995,680
$995.7K
Cap Rate 7%
$711,200
$711.2K
Cap Rate 9%
$553,156
$553.2K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$82.8K $18.00/SF
− Vacancy
−$6.2K −$1.35/SF
EGI
$76.6K $16.65/SF
− OpEx
−$26.8K −$5.83/SF
NOI
$49.8K $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 Rate 5%
$995,680
Cap Rate 7%
$711,200
Cap Rate 9%
$553,156
Alternative Uses
Best Use
Flex RnD
$711.2K
$622.3K – $829.7K
NOI $49,784 @ 7.0% cap · market cap 3.11%
Second Best
Industrial
$362.8K
$317.5K – $423.3K
NOI $25,398 @ 7.0% cap · market cap 1.59%
Theoretical Best
Office A
$1.10M
$964.3K – $1.29M
NOI $77,142 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,170
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial Property For Sale in Baltimore City
Where is this flex space located?
The property is located at 1620 w 41St St Baltimore, MD.
What is the asking price?
The asking price for this property is $1,600,000.
