Baltimore City Industrial
1620 w 41St St Baltimore, MD 21211
1620 w 41St St, Baltimore, MD, 21211
$1,600,000
For Sale
$1,600,000
Industrial Property For Sale in Baltimore City
Property Size4,600 SF
Lot Size1.70 Acres
Price / SF$347.83
Days on Market214
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, LLC.
(443) 928-7522
Listed by
Jim · License #617251
(443) 928-7522
Added: Dec 19, 2025 Updated: Mar 16 at 9:06AM
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.
Local Financial Insights For Flex RnD
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 | $82.8k | $18.00 |
| − Vacancy | −$6.2k | −$1.35 |
| EGI | $76.6k | $16.65 |
| − OpEx | −$26.8k | −$5.83 |
| NOI | $49.8k | $10.82 |
4,600 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 35.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cutlass Velo
(Bike/Boat/Book/etc) Store
Hampden Auto Care
Auto Repair Shop
Wendy's
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Chef BobbyD Restaurant Baltimore — 4032 Falls Rd, Baltimore, MD 21211
- Extraordinary Events By Blake — 4 boulder ln, baltimore, md 21210
- Patchwork Catering — 3449 Falls Rd, Baltimore, MD 21211
- Hot Dog Central Hampden — 832 W 36th St, Baltimore, MD 21211, United States
FAQs
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.
