Building Details

Building Size 12,500 SF

Listing Agency: Avenue Real Estate, LLC

Listed By: Ross Conn · License #633650 Show Phone

Source: Avenuerealestatellc

Added: Jul 27 Changed: Oct 11 Last Checked: Oct 24 at 2:20PM

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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 Avenue Real Estate, LLC

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Investment Insights

Based on property information with market context.

This well-maintained retail building is delivered 100% vacant and ready for occupancy. The property offers a storefront retail configuration and includes 21 surface parking spaces.

The building is located in the Hampden neighborhood of Baltimore, Maryland, with excellent visibility and access at the signalized northwest corner of Falls Road and W. 37th Street.

For tenants and investors seeking a retail space with straightforward access and ample nearby parking, this corner property provides a clean slate with a fully vacant delivery.

Key Highlights

• Well‑maintained retail building delivered 100% vacant
• Excellent visibility and access at the signalized NWC of Falls Road & W. 37th Street
• Located in the heart of Hampden, Baltimore

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$176,923

Cap Rate

7.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,538,460 $3.5M

Cap Rate 7%

$2,527,471 $2.5M

Cap Rate 9%

$1,965,811 $2.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,500 SF

Gross rent

$270.0K $21.60/SF

− Vacancy

−$17.3K −$1.38/SF

EGI

$252.7K $20.22/SF

− OpEx

−$75.8K −$6.07/SF

NOI

$176.9K $14.15/SF

Area

Baltimore, MD

Vacancy

6.39%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,538,460

Cap Rate 7%

$2,527,471

Cap Rate 9%

$1,965,811

Alternative Uses

Best Use

Retail

$2.53M

$2.21M – $2.95M (±1% cap)

NOI $176,923 @ 7.0% cap · market cap 7.08%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.99M

$2.62M – $3.49M (±1% cap)

NOI $209,626 @ 7.0% cap · market cap 8.39%

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

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Dental Office HVAC Service Food Market Daycare Center Grocery & Convenience Store Accounting Firm

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

714

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 21211, MD

17,721

Population

9,056

Households

2

Avg Household Size

37

Median Age

61%

College-Educated

93%

High-School Grad

2.9 sq mi

ZIP Area

6,111

Density / Sq Mi

$81,467

Median Household Income

$64,019

Median Earnings

$1,577

Median Rent

$274,000

Median Home Value

Market

Vacancy Rate% for Retail in Baltimore, MD

5.8% 2019

7.2% 2020

7% 2021

6.3% 2022

5.9% 2023

5.9% 2024

6.6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Vacant, well-maintained retail building with excellent visibility at a signalized corner intersection.

Where is this storefront property located?

The property is located at 3700 Falls Road Baltimore, MD.

What is the asking price?

The asking price for this property is $2,499,000.

What are key features of this property?

This property features: Well‑maintained retail building delivered 100% vacant; Excellent visibility and access at the signalized NWC of Falls Road & W. 37th Street; Located in the heart of Hampden, Baltimore