Newly Renovated Office
For Sale
Contact for pricing
720 MONTFORD AVENUE S #100, Baltimore, MD 21224
Two newly renovated office suites are available for sale or lease, sized approximately 1,700 and 3,300 sq. ft.
Property Size3,300 SF
Price / SF$0.94
Days on Market100
Property Features for 720 MONTFORD AVENUE S #100
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Commercial
Site & Location
Neighborhood
Canton
Additional Details
Office Units
2
Building Details
Year Built
1890
Listing Agency:
RE/MAX Distinctive Real Estate, Inc.
(301) 966-0035
Listed By:
Michael J Kane · License #596231
(443) 810-6526
Source:
Cummingsrealtors
Added: Jul 22
Changed: Oct 27
Last Checked: Oct 28 at 7:47AM
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 Distinctive Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This property offers newly renovated office space with two available suites. Suite 101 is approximately 1,700 sq. ft., and Suite 100 is approximately 3,300 sq. ft. Both suites are available individually or together.
The suites are located at 720 Montford Avenue S in Baltimore, MD 21224.
For buyers or tenants seeking office configuration flexibility, the ability to rent or purchase one suite or the full combined space provides options based on occupancy needs.
The suites are located at 720 Montford Avenue S in Baltimore, MD 21224.
For buyers or tenants seeking office configuration flexibility, the ability to rent or purchase one suite or the full combined space provides options based on occupancy needs.
Key Highlights
- Two newly renovated office suites available for sale or lease
- Suite 101 offers approximately 1,700 sq ft
- Suite 100 offers approximately 3,300 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,003
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,060
$900.1K
Cap Rate 7%
$642,900
$642.9K
Cap Rate 9%
$500,033
$500.0K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$72.5K $21.96/SF
− Vacancy
−$12.5K −$3.78/SF
EGI
$60.0K $18.18/SF
− OpEx
−$15.0K −$4.55/SF
NOI
$45.0K $13.64/SF
Area
ZIP 21224
Vacancy
17.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,060
Cap Rate 7%
$642,900
Cap Rate 9%
$500,033
Alternative Uses
Best Use
Office B
$642.9K
$562.5K – $750.1K
NOI $45,003 @ 7.0% cap · market cap 1,451.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$790.6K
$691.8K – $922.4K
NOI $55,341 @ 7.0% cap · market cap 1,785.19%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
2,459
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Office unit - Two newly renovated office suites are available for sale or lease, sized approximately 1,700 and 3,300 sq. ft.
Where is this office unit located?
The property is located at 720 MONTFORD AVENUE S #100 Baltimore, MD.
What are key features of this property?
This property features: Two newly renovated office suites available for sale or lease; Suite 101 offers approximately 1,700 sq ft; Suite 100 offers approximately 3,300 sq ft
