3605 Wilkens Ave, Baltimore, MD 21229

Building Details

Year Built 1930 More

Listing Agency: Berkshire Hathaway HomeServices Homesale Realty

Listed By: Christopher J Cooke · License MD #596183 Show Phone

Source: Baltimorehousesale

Added: Aug 9 Changed: Nov 9 Last Checked: Oct 7 at 2:55PM

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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 Berkshire Hathaway HomeServices Homesale Realty

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This auto shop at 3605 Wilkens Avenue in Baltimore, Maryland, occupies a building constructed in 1930 and includes an on-site parking lot. The property is designated C-2, supporting its commercial positioning within Baltimore City.

Interior systems include central air, ceiling fans, window units, forced-air heating, and an electric water heater. Natural gas and electric service are identified among the building systems.

Key Highlights

• C‑2 zoning
• On‑site parking lot
• Building constructed in 1930

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$125,615

Cap Rate

8.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,512,300 $2.5M

Cap Rate 7%

$1,794,500 $1.8M

Cap Rate 9%

$1,395,722 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,650 SF

Gross rent

$191.7K $18.00/SF

− Vacancy

−$12.2K −$1.15/SF

EGI

$179.5K $16.85/SF

− OpEx

−$53.8K −$5.05/SF

NOI

$125.6K $11.79/SF

Area

ZIP 21229

Vacancy

6.39%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,512,300

Cap Rate 7%

$1,794,500

Cap Rate 9%

$1,395,722

Alternative Uses

Best Use

Office B

$2.03M

$1.78M – $2.37M (±1% cap)

NOI $142,337 @ 7.0% cap · market cap 9.49%

Second Best

Retail

$1.79M

$1.57M – $2.09M (±1% cap)

NOI $125,615 @ 7.0% cap · market cap 8.37%

Theoretical Best

Office A

$2.54M

$2.22M – $2.96M (±1% cap)

NOI $177,734 @ 7.0% cap · market cap 11.85%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Atlantic Motors Car Dealership

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,135

Businesses Nearby

Well-served

Demand for This Use

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 Auto shops in Baltimore, MD

$134 Jul

$134 Aug

$146 Sep

$140 Oct

Properties on Market for Auto shops in Baltimore

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Baltimore, MD

12.4% 2019

13.1% 2020

13% 2021

14.5% 2022

17.1% 2023

16.3% 2024

17.2% 2025

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Similar Off Market Nearby

• US Fuel Automotive, Inc. — 4305 Southwestern Blvd, Baltimore, MD 21229
• Arbutus Automotive Co — 4315 Southwestern Blvd, Baltimore, MD 21229
• My Traveling Mechanic — 1401 Bloomfield Ave, Baltimore, MD 21227
• ACE Automotive — 4105 Southwestern Blvd #5426, Baltimore, MD 21229
• All Out Autowerx — 4103 Southwestern Blvd, Baltimore, MD 21229

Frequently Asked Questions

What type of property is this?

Auto shop - C-2-zoned auto shop with on-site parking and established building improvements.

Where is this auto shop located?

The property is located at 3605 Wilkens Ave Baltimore, MD.

What is the asking price?

The asking price for this property is $1,499,999.

What are key features of this property?

This property features: C‑2 zoning; On‑site parking lot; Building constructed in 1930