Corner
New
For Sale
$950,000
2938 O'DONNELL STREET, Baltimore, MD 21224
A separate entrance allows tenant access without using the front entry.
Property Size3,000 SF
Days on Market7
Property Features for 2938 O'DONNELL STREET
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$9,541
Building Details
Building Size
3,000 SF
Year Built
1880
Listing Agency:
EXP Realty, LLC
Listed By:
Theo Harris · License #323138
(443) 865-0022
Source:
Thehulsmangroup
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:31PM
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 EXP Realty, LLC
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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.
This 1880 storefront occupies a corner at Potomac and O'Donnell streets. Renovation details reference the building's historic character, and a separate entrance provides tenant access apart from the front entry.
The property is in Canton Square, with restaurants and businesses in the surrounding area and I-95 a short drive away.
The property is in Canton Square, with restaurants and businesses in the surrounding area and I-95 a short drive away.
Key Highlights
- Corner location at Potomac and O'Donnell streets
- Built in 1880
- Separate entrance for tenant access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,092
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,840
$721.8K
Cap Rate 7%
$515,600
$515.6K
Cap Rate 9%
$401,022
$401.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$55.1K $18.36/SF
− Vacancy
−$3.5K −$1.17/SF
EGI
$51.6K $17.19/SF
− OpEx
−$15.5K −$5.16/SF
NOI
$36.1K $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%
$721,840
Cap Rate 7%
$515,600
Cap Rate 9%
$401,022
Alternative Uses
Best Use
Retail
$515.6K
$451.2K – $601.5K
NOI $36,092 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$718.7K
$628.9K – $838.5K
NOI $50,310 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,930
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Baltimore, MD
Similar Off Market Nearby
- Floristería Reyna's Decorating and Flowers Sucursal #3 — 6500 Eastern Ave, Baltimore, MD 21224
Frequently Asked Questions
What type of property is this?
Storefront property - A separate entrance allows tenant access without using the front entry.
Where is this storefront property located?
The property is located at 2938 O'DONNELL STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Corner location at Potomac and O'Donnell streets; Built in 1880; Separate entrance for tenant access
