Multi-Level Flex
For Sale
Contact for pricing
3424 Eastern Ave, Baltimore, MD 21224
Vacant commercial space includes retail, office, storage, and loading infrastructure.
Property Size19,863 SF
Price / SF$115.79
Days on Market48
Property Features for 3424 Eastern Ave
General Information
Standard status
Active
Size
19,863 SF
Property subtype
RETAIL
Listing Agency:
Greysteel | Dallas
(469) 518-5040
Listed By:
Benjamin Wilson · License #DC#SP98372489
(410) 227-7342
Source:
Moodyscre
Added: Aug 19
Changed: Sep 9
Last Checked: Oct 4 at 11:15AM
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 Greysteel | Dallas
Investment Insights
Based on property information with market context.
This vacant flex property contains 19,863 square feet across a multi-level commercial layout. The existing configuration includes street-level retail space, second-floor office and administrative areas, and lower-level storage. An elevator, freight elevator, and loading dock are already in place, supporting movement between the building’s different areas. The property was previously used for retail operations, office functions, and inventory processing.
The building is located on Eastern Avenue between Patterson Park, Johns Hopkins, and Canton. Its existing improvements provide a combination of customer-facing, administrative, storage, and loading functions within one commercial facility.
The building is located on Eastern Avenue between Patterson Park, Johns Hopkins, and Canton. Its existing improvements provide a combination of customer-facing, administrative, storage, and loading functions within one commercial facility.
Key Highlights
- 19,863‑square‑foot vacant commercial building
- Street‑level retail, second‑floor office, and lower‑level storage areas
- Includes both a passenger elevator and freight elevator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,298
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,705,960
$3.7M
Cap Rate 7%
$2,647,114
$2.6M
Cap Rate 9%
$2,058,867
$2.1M
Market Conditions
NOI Build-Up for 19,863 SF
Gross rent
$309.9K $15.60/SF
− Vacancy
−$24.8K −$1.25/SF
EGI
$285.1K $14.35/SF
− OpEx
−$99.8K −$5.02/SF
NOI
$185.3K $9.33/SF
Area
ZIP 21224
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,705,960
Cap Rate 7%
$2,647,114
Cap Rate 9%
$2,058,867
Alternative Uses
Best Use
Office B
$3.87M
$3.39M – $4.51M
NOI $270,875 @ 7.0% cap · market cap 11.78%
Second Best
Retail
$3.41M
$2.99M – $3.98M
NOI $238,967 @ 7.0% cap · market cap 10.39%
Theoretical Best
Office A
$4.76M
$4.16M – $5.55M
NOI $333,103 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,366
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 Office in Baltimore, MD
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sci Catering Group Inc — 2700 lighthouse point w # 270, baltimore, md 21224
- timothy weinhold, private chef — 3500 Boston St, Baltimore, MD 21224
- Just A Matter Of Thyme — 923 Binney St, Baltimore, MD 21224
- Superior Catering by M&M and Sons — 1010 Oldham St, Baltimore, MD 21224
- Tiffany East Catering — 4116 E Lombard St, Baltimore, MD 21224
Frequently Asked Questions
What type of property is this?
Flex space - Vacant commercial space includes retail, office, storage, and loading infrastructure.
Where is this flex space located?
The property is located at 3424 Eastern Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 19,863‑square‑foot vacant commercial building; Street‑level retail, second‑floor office, and lower‑level storage areas; Includes both a passenger elevator and freight elevator
