Flex Industrial
For Sale
$2,200,000
2001 Elgin Avenue Baltimore, Baltimore, MD 21217
For sale flex/industrial property totaling about 30,000 square feet in Baltimore, Maryland.
Property Size37,330 SF
Price / SF$73.33
Days on Market97
Property Features for 2001 Elgin Avenue Baltimore
General Information
Standard status
Active
Size
37,330 SF
Total Parking Spaces
40
Zoning
I-MU
Taxes and HOA fees
Annual Taxes
$18,897
Building Details
Building Size
37,330 SF
Year Built
1981
Listed By:
Carl SanFilippo
(609) 881-2414
Source:
Mercercountyhomesforsale
Added: Jul 3
Changed: Sep 19
Last Checked: Oct 5 at 4:21PM
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 Carl SanFilippo
Investment Insights
Based on property information with market context.
This for-sale flex industrial property includes warehouse and office-style space, offering a versatile layout suited to mixed operations. The asset totals approximately 30,000 square feet and is listed as flex space, industrial properties, and other warehouse/office configurations within the commercial real estate category.
The property is located at 2001 Elgin Avenue in Baltimore, Maryland (21217). As presented, it provides one combined offering that blends industrial and office space under a single ownership opportunity.
The listing information does not specify additional site details such as unit configuration, office buildout, or loading features, so interested parties should review the available materials for exact interior and functional characteristics.
The property is located at 2001 Elgin Avenue in Baltimore, Maryland (21217). As presented, it provides one combined offering that blends industrial and office space under a single ownership opportunity.
The listing information does not specify additional site details such as unit configuration, office buildout, or loading features, so interested parties should review the available materials for exact interior and functional characteristics.
Key Highlights
- Flex/industrial property with 37,330 SF total building area
- Built in 1981
- 1.69‑acre lot (per Assessor) with public water service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$197,578
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,951,560
$4.0M
Cap Rate 7%
$2,822,543
$2.8M
Cap Rate 9%
$2,195,311
$2.2M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$252.0K $8.40/SF
− Vacancy
−$19.6K −$0.65/SF
EGI
$232.4K $7.75/SF
− OpEx
−$34.9K −$1.16/SF
NOI
$197.6K $6.59/SF
Area
Baltimore, MD
Vacancy
7.76%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,951,560
Cap Rate 7%
$2,822,543
Cap Rate 9%
$2,195,311
Alternative Uses
Best Use
Office B
$5.96M
$5.21M – $6.95M
NOI $417,083 @ 7.0% cap · market cap 18.96%
Second Best
Flex RnD
$4.64M
$4.06M – $5.41M
NOI $324,675 @ 7.0% cap · market cap 14.76%
Theoretical Best
Office A
$7.19M
$6.29M – $8.39M
NOI $503,101 @ 7.0% cap · market cap 22.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21217, MD
30,448
Population
20,064
Households
1.5
Avg Household Size
38
Median Age
22%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
14,499
Density / Sq Mi
$37,207
Median Household Income
$40,668
Median Earnings
$1,065
Median Rent
$175,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
Flex space - For sale flex/industrial property totaling about 30,000 square feet in Baltimore, Maryland.
Where is this flex space located?
The property is located at 2001 Elgin Avenue Baltimore Baltimore, MD.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Flex/industrial property with 37,330 SF total building area; Built in 1981; 1.69‑acre lot (per Assessor) with public water service
