Industrial Warehouse with Loading
New
For Sale
Contact for pricing
2315-2233 Severn Street, Baltimore, MD 21230
I-1 zoning and a mix of dock and drive-in loading support light-industrial operations.
Property Size20,000 SF
Lot Size1.06 Acres
Price / SF$0.00
Days on Market2
Property Features for 2315-2233 Severn Street
General Information
Standard status
Active
Size
20,000 SF
Total Parking Spaces
13
Lot size
1.06 Acres
Property subtype
Industrial
Zoning
I-1 (Light Industrial Dist.)
Site & Location
Neighborhood
Saint Paul
Highway Access
Yes
Warehouse & Industrial
Clear Height
22 ft
Dock-High Doors
4
Drive-In Doors
3
Additional Details
Property Use
Warehouse
Building Details
Building Size
20,000 SF
Buildings
1
Listing Agency:
MacKenzie Commercial Real Estate | Baltimore
Listed By:
Alton Curry
(443) 841-9780
Source:
Mackenziecommercial
Added: Oct 30
Last Checked: Oct 30 at 2:17PM
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 MacKenzie Commercial Real Estate | Baltimore
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The warehouse contains approximately 20,000 SF, with clear heights ranging from 16 to 22 feet. Loading is provided by four docks and three drive-in doors, with 13 parking spaces on site. The property occupies two parcels totaling approximately 1.06 acres and carries I-1 (Light Industrial Dist.) zoning.
The Baltimore property is near Downtown Baltimore, the Port of Baltimore, and BWI Airport, with access to I-95, I-295, and I-695.
The Baltimore property is near Downtown Baltimore, the Port of Baltimore, and BWI Airport, with access to I-95, I-295, and I-695.
Key Highlights
- 20,000 SF ± industrial warehouse on two parcels totaling 1.06 AC ±
- 16–22 feet ± of clear height
- Four loading docks and three drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,719
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,634,380
$2.6M
Cap Rate 7%
$1,881,700
$1.9M
Cap Rate 9%
$1,463,544
$1.5M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$168.0K $8.40/SF
− Vacancy
−$13.0K −$0.65/SF
EGI
$155.0K $7.75/SF
− OpEx
−$23.2K −$1.16/SF
NOI
$131.7K $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%
$2,634,380
Cap Rate 7%
$1,881,700
Cap Rate 9%
$1,463,544
Alternative Uses
Best Use
Warehouse
$1.88M
$1.65M – $2.20M
NOI $131,719 @ 7.0% cap · market cap 1,895,237.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.79M
$4.19M – $5.59M
NOI $335,401 @ 7.0% cap · market cap 4,825,913.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
22 ft
Clear height
4
Dock-high doors
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Baltimore, MD
Similar Off Market Nearby
- Overflo Warehouse — 3010 Nieman Ave, Baltimore, MD 21230
- 11th Cold Storage — 2671 Merchant Dr, Baltimore, MD 21230
- Direct Distribution & Logistics — 2701 Merchant Dr, Baltimore, MD 21230
- Self-Storage at U-Haul — 2929 Washington Blvd, Baltimore, MD 21230
- Self Storage — 1910 russell st, baltimore, md 21230
Frequently Asked Questions
What type of property is this?
Warehouse - I-1 zoning and a mix of dock and drive-in loading support light-industrial operations.
Where is this warehouse located?
The property is located at 2315-2233 Severn Street Baltimore, MD.
What are key features of this property?
This property features: 20,000 SF ± industrial warehouse on two parcels totaling 1.06 AC ±; 16–22 feet ± of clear height; Four loading docks and three drive‑in doors
