3200 Eastern Ave, Baltimore, MD 21224
Two-story office building with on-site parking in Highlandtown.
- Added:
- Jan 24, 2024
- Days on Market:
- 873
- Last Refresh:
- May 12 at 10:37 pm
Property Features for 3200 Eastern Ave
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Property subtype
- Office
Listing agent Patrick Richards License #MD 524643
Listing office Cummings & Co. Realtors
Listing date Jan 24, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Cummings & Co. Realtors
HighLights
- Move‑in ready office space with over 5,400 sqft.
- Convenient location on Eastern Ave in Highlandtown.
- On‑site parking with 16 spaces.
- Perfect layout for medical, counseling, or non‑profit uses.
- Full building renovation completed in 2012.
- Unfinished lower level (approx 1,800 sqft) for storage.
Overview
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.1k | $25.20 |
| − Vacancy | −$11.6k | −$2.14 |
| EGI | $124.5k | $23.06 |
| − OpEx | −$49.8k | −$9.22 |
| NOI | $74.7k | $13.83 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.5713551
- Latitude
- 39.2866785
