Baltimore Building with Yard For
For Sale
$1,150,000
1748 Russell St, Baltimore, MD 21230
Building property for sale in Baltimore, MD
Property Size4,000 SF
Lot Size0.30 Acres
Price / SF$287.50
Days on Market290
Property Features for 1748 Russell St
General Information
Standard status
Active
Property type
Office buildings, Office Spaces
Size
4,000 SF
Class
C
Lot size
0.30 Acres
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.
A 4,000 square foot building situated on a 0.3-acre lot is available for purchase in Baltimore, Maryland. The property is zoned C-2 and offers a high-visibility location.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,611
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,112,220
$1.1M
Cap Rate 7%
$794,443
$794.4K
Cap Rate 9%
$617,900
$617.9K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$88.8K $22.20/SF
− Vacancy
−$14.7K −$3.66/SF
EGI
$74.1K $18.54/SF
− OpEx
−$18.5K −$4.63/SF
NOI
$55.6K $13.90/SF
Area
Baltimore, MD
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,112,220
Cap Rate 7%
$794,443
Cap Rate 9%
$617,900
Alternative Uses
Best Use
Office B
$794.4K
$695.1K – $926.9K
NOI $55,611 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$958.3K
$838.5K – $1.12M
NOI $67,080 @ 7.0% cap · market cap 5.83%
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
828
Businesses Nearby
Explore this area
Business Placement
Demographics for 21230, MD
36,660
Population
18,070
Households
2
Avg Household Size
33
Median Age
59%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
5,819
Density / Sq Mi
$94,164
Median Household Income
$69,973
Median Earnings
$1,771
Median Rent
$327,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Baltimore, MD
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Building property for sale in Baltimore, MD
Where is this office building located?
The property is located at 1748 Russell St Baltimore, MD.
What is the asking price?
The asking price for this property is $1,150,000.
