Renovated Office Space with
For Sale
$900,000
2301 Russell St, Baltimore, MD 21230
Modern office space with easy access and secure parking.
Property Size2,633 SF
Price / SF$341.82
Days on Market211
Property Features for 2301 Russell St
General Information
Standard status
Active
Size
2,633 SF
Building Details
Year Built
1956
Listing Agency:
Compass
Listed By:
Jeff D Washo · License #535563
(410) 262-6256
Source:
Premierehomegroup
Added: Mar 10
Changed: Sep 27
Last Checked: Oct 5 at 11:43PM
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 Compass
Investment Insights
Based on property information with market context.
The property at 2301 Russell Street is a recently renovated commercial office space featuring modern finishes, convenience, and a prime location. It offers immediate access to I-295, facilitating efficient commuting. The interior features a bright and open layout with updated office finishes, private restrooms, and flexible square footage suitable for various business types, including professional services and creative studios. The property includes 26 private, fenced-in parking spaces, providing secure and convenient parking. The lot is fenced-in for security and convenience. This Baltimore location offers excellent visibility and accessibility.
Key Highlights
- Prime location with immediate access to I‑295 for easy commuting.
- 26 secure, private, fenced‑in parking spaces, a rare amenity in Baltimore City.
- Recently renovated office space with modern finishes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,606
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,120
$732.1K
Cap Rate 7%
$522,943
$522.9K
Cap Rate 9%
$406,733
$406.7K
Market Conditions
NOI Build-Up for 2,633 SF
Gross rent
$58.5K $22.20/SF
− Vacancy
−$9.6K −$3.66/SF
EGI
$48.8K $18.54/SF
− OpEx
−$12.2K −$4.63/SF
NOI
$36.6K $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%
$732,120
Cap Rate 7%
$522,943
Cap Rate 9%
$406,733
Alternative Uses
Best Use
Office B
$522.9K
$457.6K – $610.1K
NOI $36,606 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$630.8K
$552.0K – $735.9K
NOI $44,156 @ 7.0% cap · market cap 4.91%
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
299
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
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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?
Office units - Modern office space with easy access and secure parking.
Where is this office units located?
The property is located at 2301 Russell St Baltimore, MD.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Prime location with immediate access to I‑295 for easy commuting.; 26 secure, private, fenced‑in parking spaces, a rare amenity in Baltimore City.; Recently renovated office space with modern finishes.
