Industrial Flex
For Sale
Contact for pricing
3700-3722 Bank Street, Baltimore, MD 21224
Located in Baltimore with I-MU (Industrial Mixed-Use) zoning.
Property Size24,410 SF
Price / SF$106.51
Days on Market62
Property Features for 3700-3722 Bank Street
General Information
Standard status
Active
Size
24,410 SF
Total Parking Spaces
25
Property subtype
Retail, Industrial, Mixed Use
Zoning
I-MU (Industrial Mixed-Use)
Investment Type
Value Add
Building Details
Year Built
1920
Buildings
2
Stories
2
Listing Agency:
Greysteel Company LLC Washington, D.C.
Listed By:
Benjamin Wilson · License #MD 649631
(202) 499-4077
Source:
Crexi
Added: Aug 6
Changed: Sep 21
Last Checked: Oct 5 at 5:05PM
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 Company LLC Washington, D.C.
Investment Insights
Based on property information with market context.
This Baltimore property contains 24,410 square feet of flex space within an industrial mixed-use zoning framework. The asset is located at 3700-3722 Bank Street in Baltimore, Maryland, and was built in 1920. Its classification as flex space and I-MU (Industrial Mixed-Use) zoning provide the primary documented characteristics for evaluating the property. The listing identifies the property as a for-sale commercial asset, with the available information focused on its size, zoning, address, construction date, and flexible industrial designation.
Key Highlights
- 24,410 square feet of flex space
- I‑MU (Industrial Mixed‑Use) zoning
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$227,716
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,554,320
$4.6M
Cap Rate 7%
$3,253,086
$3.3M
Cap Rate 9%
$2,530,178
$2.5M
Market Conditions
NOI Build-Up for 24,410 SF
Gross rent
$380.8K $15.60/SF
− Vacancy
−$30.5K −$1.25/SF
EGI
$350.3K $14.35/SF
− OpEx
−$122.6K −$5.02/SF
NOI
$227.7K $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%
$4,554,320
Cap Rate 7%
$3,253,086
Cap Rate 9%
$2,530,178
Alternative Uses
Best Use
Mixed Use
$4.24M
$3.71M – $4.94M
NOI $296,582 @ 7.0% cap · market cap 11.41%
Second Best
Flex RnD
$3.25M
$2.85M – $3.80M
NOI $227,716 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$5.85M
$5.12M – $6.82M
NOI $409,357 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Vacancy Rate% for Industrial in Baltimore, MD
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Located in Baltimore with I-MU (Industrial Mixed-Use) zoning.
Where is this flex space located?
The property is located at 3700-3722 Bank Street Baltimore, MD.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 24,410 square feet of flex space; I‑MU (Industrial Mixed‑Use) zoning; Built in 1920
