Baltimore Warehouse Near Key
For Sale
$1,100,000
611 South Monroe Street, Baltimore, MD 21223
11,078 SF warehouse with convenient access to major transportation.
Property Size11,078 SF
Price / SF$99.30
Days on Market376
Property Features for 611 South Monroe Street
General Information
Standard status
Active
Size
11,078 SF
Property subtype
Industrial
Building Details
Building Size
11,078 SF
Listing Agency:
RE/MAX
Listed By:
Douglas Kington · License #6018
(410) 630-1240
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Sep 12
Last Checked: Oct 5 at 3:02PM
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 RE/MAX
Investment Insights
Based on property information with market context.
This 11,078 SF warehouse features one drive-in door and two dock-high doors. The property is zoned I-1 and is situated approximately one mile from I-95 and MD-295 (Baltimore Washington Parkway). It is also located 7.3 miles, or a 9-minute drive, to I-695 (Baltimore Beltway) to the south. BWI Airport is 9.6 miles, or a 13-minute drive to the south, while the Seagirt Marine Terminal is 7.4 miles, or a 23-minute drive through the Fort McHenry Tunnel to the east. This property is suitable for a local industrial product distributor or a contractor such as a plumber, electrician, or HVAC professional.
Key Highlights
- Excellent Location: Just 1 mile from I‑95 and MD‑295, with convenient access to I‑695.
- Sizeable Warehouse: Offers 11,078 SF of warehouse space.
- Features 1 drive‑in door and 2 dock‑high doors for multiple loading options.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,959
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,459,180
$1.5M
Cap Rate 7%
$1,042,271
$1.0M
Cap Rate 9%
$810,656
$810.7K
Market Conditions
NOI Build-Up for 11,078 SF
Gross rent
$93.1K $8.40/SF
− Vacancy
−$7.2K −$0.65/SF
EGI
$85.8K $7.75/SF
− OpEx
−$12.9K −$1.16/SF
NOI
$73.0K $6.59/SF
Area
Baltimore, MD
Vacancy
7.76%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,459,180
Cap Rate 7%
$1,042,271
Cap Rate 9%
$810,656
Alternative Uses
Best Use
Warehouse
$1.04M
$912.0K – $1.22M
NOI $72,959 @ 7.0% cap · market cap 6.63%
Second Best
Industrial
$873.8K
$764.6K – $1.02M
NOI $61,165 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,779 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,553
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 21223, MD
20,438
Population
13,034
Households
1.6
Avg Household Size
37
Median Age
12%
College-Educated
75%
High-School Grad
2.6 sq mi
ZIP Area
7,861
Density / Sq Mi
$41,828
Median Household Income
$33,367
Median Earnings
$1,110
Median Rent
$93,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
Warehouse - 11,078 SF warehouse with convenient access to major transportation.
Where is this warehouse located?
The property is located at 611 South Monroe Street Baltimore, MD.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Excellent Location: Just 1 mile from I‑95 and MD‑295, with convenient access to I‑695.; Sizeable Warehouse: Offers **11,078 SF** of warehouse space.; Features **1 drive‑in door** and **2 dock‑high doors** for multiple loading options.
