Baltimore Self-Storage Facility for
For Sale
Contact for pricing
3305 Esther Pl, Baltimore, MD 21224
145-unit self-storage facility on 1.33 acres in Baltimore.
Property Size28,152 SF
Lot Size1.33 Acres
Price / SF$0.02
Days on Market149
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Property Features for 3305 Esther Pl
General Information
Standard status
Active
Size
28,152 SF
Total Parking Spaces
40
Lot size
1.33 Acres
Zoning
R-8
Taxes and HOA fees
Annual Taxes
$59,012
Building Details
Building Size
28,152 SF
Year Built
1920
Listing Agency:
BLUE STAR REAL ESTATE, LLC
Listed By:
Keith J French
(443) 829-2039
Source:
Evrealestate
Added: May 20
Changed: Oct 12
Last Checked: Oct 14 at 11:00PM
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 BLUE STAR REAL ESTATE, LLC
Investment Insights
Based on property information with market context.
This is a 145-unit self-storage facility available through foreclosure sale in Baltimore City. The property includes approximately 28,152 square feet of space on a 1.33-acre lot, offering options for continued self-storage use and potential future redevelopment. The facility benefits from market fundamentals driven by Baltimore’s high renter density, older housing stock, and limited on-site storage availability. This property presents an opportunity for owner-operators, regional storage platforms, or investors seeking exposure to a defensive asset class with stable long-term demand. Convenient access to major transportation corridors and surrounding residential neighborhoods enhances the property’s accessibility and operational appeal. The property is sold AS-IS, WHERE-IS and will be sold free and clear of all liens. Property taxes will be prorated and paid to the day of closing. Offers are subject to final court approval. The receiver may, in its sole discretion, accept or reject any offer at any time, for any reason, or cancel this sale, without notice.
Key Highlights
- 145‑unit self‑storage facility in Baltimore City.
- 1.33‑acre lot offers potential for future redevelopment.
- Strong market fundamentals with Baltimore's renter density.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,436
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,108,720
$3.1M
Cap Rate 7%
$2,220,514
$2.2M
Cap Rate 9%
$1,727,067
$1.7M
Market Conditions
NOI Build-Up for 28,152 SF
Gross rent
$236.5K $8.40/SF
− Vacancy
−$14.4K −$0.51/SF
EGI
$222.1K $7.89/SF
− OpEx
−$66.6K −$2.37/SF
NOI
$155.4K $5.52/SF
Area
ZIP 21224
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%
$3,108,720
Cap Rate 7%
$2,220,514
Cap Rate 9%
$1,727,067
Alternative Uses
Best Use
Self Storage
$3.49M
$3.06M – $4.08M
NOI $244,517 @ 7.0% cap · market cap 48,903.40%
Second Best
Industrial
$2.22M
$1.94M – $2.59M
NOI $155,436 @ 7.0% cap · market cap 31,087.20%
Theoretical Best
Office A
$6.74M
$5.90M – $7.87M
NOI $472,110 @ 7.0% cap · market cap 94,422.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,972
Businesses Nearby
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 Industrial in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Self storage facility - 145-unit self-storage facility on 1.33 acres in Baltimore.
Where is this self storage facility located?
The property is located at 3305 Esther Pl Baltimore, MD.
What are key features of this property?
This property features: 145‑unit self‑storage facility in Baltimore City.; 1.33‑acre lot offers potential for future redevelopment.; Strong market fundamentals with Baltimore's renter density.
