Corner Mixed-Use Office-Retail
New
For Sale
$575,000
2201 EASTERN AVENUE #OFFICE, Baltimore, MD 21231
Renovated in 2019, the space offers exposed brick, natural light, and cable or Wi-Fi readiness.
Property Size3,073 SF
Price / SF$187.11
Days on Market5
Property Features for 2201 EASTERN AVENUE #OFFICE
General Information
Standard status
Active
Size
3,073 SF
Property subtype
Commercial
Site & Location
Neighborhood
Upper Fells Point
Corner Location
Yes
Amenities
natural light
cable/wi-fi ready
exposed brick
Building Details
Year Built
1900
Year Renovated
2019
Listing Agency:
Taylor Properties
(301) 970-2447
Listed By:
Lindsay Crummey · License #5007723
(714) 319-3699
Source:
Cummingsrealtors
Added: Oct 27
Changed: Oct 31
Last Checked: Oct 30 at 2:03PM
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 Taylor Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This corner office-retail unit combines exposed brick throughout with abundant natural light. Renovation work was completed in 2019, and the space is prepared for cable or Wi-Fi service. The building dates to 1900.
Located at 2201 Eastern Avenue in Baltimore, the unit is described as receiving substantial pedestrian traffic.
Located at 2201 Eastern Avenue in Baltimore, the unit is described as receiving substantial pedestrian traffic.
Key Highlights
- Corner office‑retail unit at 2201 Eastern Avenue
- Renovated in 2019
- Exposed brick throughout with natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,495
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,900
$869.9K
Cap Rate 7%
$621,357
$621.4K
Cap Rate 9%
$483,278
$483.3K
Market Conditions
NOI Build-Up for 3,073 SF
Gross rent
$66.4K $21.60/SF
− Vacancy
−$4.2K −$1.38/SF
EGI
$62.1K $20.22/SF
− OpEx
−$18.6K −$6.07/SF
NOI
$43.5K $14.15/SF
Area
Baltimore, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,900
Cap Rate 7%
$621,357
Cap Rate 9%
$483,278
Alternative Uses
Best Use
Retail
$621.4K
$543.7K – $724.9K
NOI $43,495 @ 7.0% cap · market cap 7.56%
Second Best
Mixed Use
$605.8K
$530.1K – $706.8K
NOI $42,407 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$736.2K
$644.2K – $858.9K
NOI $51,534 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,842
Businesses Nearby
Explore this area
Business Placement
Demographics for 21231, MD
17,062
Population
9,342
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
18,958
Density / Sq Mi
$85,382
Median Household Income
$67,289
Median Earnings
$1,710
Median Rent
$336,500
Median Home Value
Market
Vacancy Rate% for Retail in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated in 2019, the space offers exposed brick, natural light, and cable or Wi-Fi readiness.
Where is this mixed-use property located?
The property is located at 2201 EASTERN AVENUE #OFFICE Baltimore, MD.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Corner office‑retail unit at 2201 Eastern Avenue; Renovated in 2019; Exposed brick throughout with natural light
