Flex Building with Warehouse
New
For Sale
Contact for pricing
3200 ANNETTA AVENUE, Baltimore, MD 21213
A climate-controlled office component complements the warehouse, with three-phase electric service and C1 zoning.
Property Size12,523 SF
Price / SF$0.14
Days on Market7
Property Features for 3200 ANNETTA AVENUE
General Information
Standard status
Active
Size
12,523 SF
Property subtype
Commercial
Zoning
C1
Site & Location
Neighborhood
Belair-Edison
Warehouse & Industrial
Warehouse Space
1,500 SF
Office Build-Out
700 SF
Three-Phase Power
Yes
Building Details
Year Built
1965
Listing Agency:
Cummings & Co. Realtors
(410) 823-0033
Listed By:
Benjamin Middleman
(443) 990-1290
Source:
Cummingsrealtors
Added: Oct 23
Changed: Oct 28
Last Checked: Oct 28 at 7:28AM
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 Cummings & Co. Realtors
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Investment Insights
Based on property information with market context.
This flex property contains 2,200 square feet, arranged as a 700-square-foot climate-controlled office and a 1,500-square-foot warehouse. The warehouse has a 16-foot roll-up door, ceiling height exceeding 20 feet, and thick concrete flooring suited to heavy loads. Three-phase electric service is available, and the property is zoned C1. Built in 1965.
Key Highlights
- 2,200 total square feet: 700‑square‑foot climate‑controlled office and 1,500‑square‑foot warehouse
- Warehouse has a 16' tall roll‑up door and 20'+ ceiling height
- Thick concrete floors designed for heavy loads
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,143
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,382,860
$1.4M
Cap Rate 7%
$987,757
$987.8K
Cap Rate 9%
$768,256
$768.3K
Market Conditions
NOI Build-Up for 12,523 SF
Gross rent
$105.2K $8.40/SF
− Vacancy
−$6.4K −$0.51/SF
EGI
$98.8K $7.89/SF
− OpEx
−$29.6K −$2.37/SF
NOI
$69.1K $5.52/SF
Area
Baltimore, MD
Vacancy
6.10%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,382,860
Cap Rate 7%
$987,757
Cap Rate 9%
$768,256
Alternative Uses
Best Use
Flex RnD
$1.94M
$1.69M – $2.26M
NOI $135,530 @ 7.0% cap · market cap 7,744.57%
Second Best
Warehouse
$1.18M
$1.03M – $1.37M
NOI $82,476 @ 7.0% cap · market cap 4,712.91%
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,011 @ 7.0% cap · market cap 12,000.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 21213, MD
28,217
Population
14,549
Households
1.9
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
8,299
Density / Sq Mi
$50,031
Median Household Income
$41,378
Median Earnings
$1,253
Median Rent
$134,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
Flex space - A climate-controlled office component complements the warehouse, with three-phase electric service and C1 zoning.
Where is this flex space located?
The property is located at 3200 ANNETTA AVENUE Baltimore, MD.
What are key features of this property?
This property features: 2,200 total square feet: 700‑square‑foot climate‑controlled office and 1,500‑square‑foot warehouse; Warehouse has a 16' tall roll‑up door and 20'+ ceiling height; Thick concrete floors designed for heavy loads
