Two-Story Industrial Live-Work
For Sale
$1,200,000
1811 Maryland Avenue, Baltimore, MD 21201
Two-story commercial building with three drive-in loading doors and TOD-4 zoning, offering adaptable space for multiple use types.
Property Size9,580 SF
Lot Size0.23 Acres
Price / SF$125.26
Days on Market109
Property Features for 1811 Maryland Avenue
General Information
Standard status
Active
Size
9,580 SF
Lot size
0.23 Acres
Property subtype
Retail
Zoning
TOD-4
Additional Details
Drive-In Doors
3
Building Details
Building Size
9,580 SF
Stories
2
Listed By:
Patrick Smith, SIOR
(410) 494-4866
Source:
Mackenziecommercial
Added: Jun 22
Changed: Sep 11
Last Checked: Oct 7 at 8:27AM
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 Patrick Smith, SIOR
Investment Insights
Based on property information with market context.
1811 Maryland Avenue presents a 9,580 SF ±, two-story commercial building on 0.23 acres ± in Baltimore’s Station North area. The structure features an American Vernacular industrial/early 20th century commercial utilitarian architectural style with an attractive brick exterior and large industrial windows. The building includes three drive-in loading doors to support loading and operational workflow.
The property is positioned for strong visibility with “excellent exposure” along Maryland Avenue. Zoning is identified as TOD-4 (Transit-Oriented Development), and the flexible zoning is specifically noted as supporting a variety of potential uses.
For tenants, buyers, and operators seeking an adaptable building format, the space can accommodate multiple concepts consistent with the stated zoning flexibility. The remarks highlight potential for creative studio or maker space, adaptive reuse into retail plus live/work, and an EV service center. With on-site drive-in loading and a two-story layout, the property can be suited to operations that benefit from direct loading access and versatile interior configurations, subject to applicable code and permitting for the intended use.
The property is positioned for strong visibility with “excellent exposure” along Maryland Avenue. Zoning is identified as TOD-4 (Transit-Oriented Development), and the flexible zoning is specifically noted as supporting a variety of potential uses.
For tenants, buyers, and operators seeking an adaptable building format, the space can accommodate multiple concepts consistent with the stated zoning flexibility. The remarks highlight potential for creative studio or maker space, adaptive reuse into retail plus live/work, and an EV service center. With on-site drive-in loading and a two-story layout, the property can be suited to operations that benefit from direct loading access and versatile interior configurations, subject to applicable code and permitting for the intended use.
Key Highlights
- 9,580 SF ± two‑story commercial building on 0.23 acres ± in Baltimore’s Station North area
- Three drive‑in loading doors for loading and flexible operations
- TOD‑4 (Transit‑Oriented Development) zoning supports a variety of use types
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,680
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,073,600
$2.1M
Cap Rate 7%
$1,481,143
$1.5M
Cap Rate 9%
$1,152,000
$1.2M
Market Conditions
NOI Build-Up for 9,580 SF
Gross rent
$172.4K $18.00/SF
− Vacancy
−$12.9K −$1.35/SF
EGI
$159.5K $16.65/SF
− OpEx
−$55.8K −$5.83/SF
NOI
$103.7K $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%
$2,073,600
Cap Rate 7%
$1,481,143
Cap Rate 9%
$1,152,000
Alternative Uses
Best Use
Retail
$1.94M
$1.69M – $2.26M
NOI $135,594 @ 7.0% cap · market cap 11.30%
Second Best
Flex RnD
$1.48M
$1.30M – $1.73M
NOI $103,680 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,657 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
3,293
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 21201, MD
18,382
Population
11,468
Households
1.6
Avg Household Size
34
Median Age
47%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
14,140
Density / Sq Mi
$44,722
Median Household Income
$44,239
Median Earnings
$1,282
Median Rent
$221,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story commercial building with three drive-in loading doors and TOD-4 zoning, offering adaptable space for multiple use types.
Where is this flex space located?
The property is located at 1811 Maryland Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 9,580 SF ± two‑story commercial building on 0.23 acres ± in Baltimore’s Station North area; Three drive‑in loading doors for loading and flexible operations; TOD‑4 (Transit‑Oriented Development) zoning supports a variety of use types
