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246 S CONKLING STREET, Baltimore, MD 21224
This 1920-built commercial space includes on-street parking and a 36-month lease beginning September 2026.
Property Size2,766 SF
Price / SF$0.54
Days on Market4
Property Features for 246 S CONKLING STREET
General Information
Standard status
Active
Size
2,766 SF
Property subtype
Commercial
Site & Location
Neighborhood
Highlandtown
Building Details
Year Built
1920
Construction
brick
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Jeffrey Harris · License #662917
(410) 409-2809
Source:
Cummingsrealtors
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 3:18PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
A brick commercial storefront built in 1920, the property is accompanied by a 36-month lease that begins in September 2026. On-street parking is available for customers and employees. The owner covers real estate taxes and insurance during the lease term.
Key Highlights
- Brick commercial storefront built in 1920
- 36‑month lease beginning September 2026
- On‑street parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,277
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,540
$665.5K
Cap Rate 7%
$475,386
$475.4K
Cap Rate 9%
$369,744
$369.7K
Market Conditions
NOI Build-Up for 2,766 SF
Gross rent
$50.8K $18.36/SF
− Vacancy
−$3.2K −$1.17/SF
EGI
$47.5K $17.19/SF
− OpEx
−$14.3K −$5.16/SF
NOI
$33.3K $12.03/SF
Area
ZIP 21224
Vacancy
6.39%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,540
Cap Rate 7%
$475,386
Cap Rate 9%
$369,744
Alternative Uses
Best Use
Retail
$475.4K
$416.0K – $554.6K
NOI $33,277 @ 7.0% cap · market cap 2,218.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$662.7K
$579.8K – $773.1K
NOI $46,386 @ 7.0% cap · market cap 3,092.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,366
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21224, MD
54,266
Population
23,433
Households
2.3
Avg Household Size
33
Median Age
50%
College-Educated
85%
High-School Grad
9.3 sq mi
ZIP Area
5,835
Density / Sq Mi
$86,209
Median Household Income
$63,556
Median Earnings
$1,782
Median Rent
$281,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Baltimore, MD
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- Floristería Reyna's Decorating and Flowers — 4017 Eastern Ave Suite 101, Baltimore, MD 21224
- eimy floral llc — 428 s newkirk st, baltimore, md 21224
Frequently Asked Questions
What type of property is this?
Storefront property - This 1920-built commercial space includes on-street parking and a 36-month lease beginning September 2026.
Where is this storefront property located?
The property is located at 246 S CONKLING STREET Baltimore, MD.
What are key features of this property?
This property features: Brick commercial storefront built in 1920; 36‑month lease beginning September 2026; On‑street parking available
