Third-Floor Medical Office
3350 WILKENS AVENUE #303, Baltimore, MD 21229
For Sale
Contact for pricing
Adaptable professional suite with treatment rooms, an open care area, and convenient access to hospital, highway, and transit connections.
Property Size2,319 SF
Price / SF$1.67
Days on Market54
Property Features for 3350 WILKENS AVENUE #303
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Cummings & Co. Realtors
(410) 823-0033
Listed By:
Matthew J Zielinski · License #585675
(443) 864-8922
Source:
Cummingsrealtors
Added: Sep 15
Changed: Nov 6
Last Checked: Nov 6 at 9:09AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 303 is a 2,319-square-foot office suite occupying one side of the third floor in a three-story professional building constructed in 1961. The layout includes a reception area, waiting room, private staff room, three offices or treatment rooms, and a large open area previously configured for physical therapy. The suite also includes a half bath, stand-up shower, and washer and dryer hookups or dedicated space.
The building is directly across Wilkens Avenue from the St. Agnes Hospital campus. I-95 is approximately 3/4 mile away, I-695 is 2 miles away, and Downtown Baltimore is a 15-minute drive. MTA Link Bus routes #29 on Caton Avenue and #76 on Wilkens Avenue provide public transportation access.
Building features include 24-hour access, central heating and air conditioning, and surface parking for patients, clients, and staff. Build-to-suit opportunities and additional units of varying sizes are available throughout the building.
The building is directly across Wilkens Avenue from the St. Agnes Hospital campus. I-95 is approximately 3/4 mile away, I-695 is 2 miles away, and Downtown Baltimore is a 15-minute drive. MTA Link Bus routes #29 on Caton Avenue and #76 on Wilkens Avenue provide public transportation access.
Building features include 24-hour access, central heating and air conditioning, and surface parking for patients, clients, and staff. Build-to-suit opportunities and additional units of varying sizes are available throughout the building.
Key Highlights
- 2,319 SF Unit 303 occupies one full side of the third floor
- Directly across Wilkens Avenue from the St. Agnes Hospital campus
- Three private offices or treatment rooms plus a large open physical therapy area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,993
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,860
$619.9K
Cap Rate 7%
$442,757
$442.8K
Cap Rate 9%
$344,367
$344.4K
Market Conditions
NOI Build-Up for 2,319 SF
Gross rent
$50.1K $21.60/SF
− Vacancy
−$8.8K −$3.78/SF
EGI
$41.3K $17.82/SF
− OpEx
−$10.3K −$4.46/SF
NOI
$31.0K $13.37/SF
Area
ZIP 21229
Vacancy
17.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,860
Cap Rate 7%
$442,757
Cap Rate 9%
$344,367
Alternative Uses
Best Use
Healthcare Medical
$477.5K
$417.8K – $557.1K
NOI $33,427 @ 7.0% cap · market cap 864.86%
Second Best
Office B
$442.8K
$387.4K – $516.6K
NOI $30,993 @ 7.0% cap · market cap 801.89%
Theoretical Best
Office A
$552.9K
$483.8K – $645.0K
NOI $38,701 @ 7.0% cap · market cap 1,001.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 21229, MD
43,464
Population
20,653
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
89%
High-School Grad
5.9 sq mi
ZIP Area
7,367
Density / Sq Mi
$55,457
Median Household Income
$40,627
Median Earnings
$1,210
Median Rent
$184,900
Median Home Value
Market
Average Price Trend$/SF for Office Units in Baltimore, MD
Properties on Market for Office Units in Baltimore
Vacancy Rate% for Office in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Office unit - Adaptable professional suite with treatment rooms, an open care area, and convenient access to hospital, highway, and transit connections.
Where is this office unit located?
The property is located at 3350 WILKENS AVENUE #303 Baltimore, MD.
What are key features of this property?
This property features: 2,319 SF Unit 303 occupies one full side of the third floor; Directly across Wilkens Avenue from the St. Agnes Hospital campus; Three private offices or treatment rooms plus a large open physical therapy area
