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    529 Old Town Mall Baltimore, MD 21202

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    Baltimore Office Building - Value-Add Opportunity

    Property size:
    4,453 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 4,453 square foot, three-story commercial building, located at 529 Old Town Mall in Baltimore, MD 21202, presents a compelling value-add opportunity for owner-users or investors. Built in 1920, the property boasts a recently re-pointed brick exterior and a well-maintained roof. The first and second floors (1,725 sq ft each) are currently leased to an adult medical daycare company. The upper two floors have been completely gutted, providing a blank canvas for new interior construction tailored to specific business needs. The seller offers to act as a contractor to complete the interior buildout for the new owner. Situated within an Opportunity Zone and Enterprise Zone, and part of the Perkins Somerset Oldtown Transformation District, this C-2 zoned property allows for retail, residential, and office uses. The 1,725 square foot lot provides ample space. This is a chance to acquire a building at an attractive price point and customize the interior to perfectly suit your business requirements. The building's prime location and flexible zoning make it an ideal investment for those seeking a unique opportunity in a revitalizing area.

    Property Features for 529 Old Town Mall

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,453 SF
    Class
    C

    Building Details

    Year Built
    1920

    HighLights

    • Value‑add opportunity for owner‑users or investors.
    • Located in an Opportunity Zone and Enterprise Zone, within the Perkins Somerset Oldtown Transformation District.
    • 4,453 square foot, three‑story building; first and second floors (1,725 sq ft each) currently leased; upper floors are ready for build‑out.
    • C‑2 zoning allows retail, residential, and office uses.
    • Seller will act as contractor for interior build‑out.
    • 1,725 square foot lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kingdom Elements AMDC Adult Day Care Center

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6032879
    Latitude
    39.29645

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    FAQs

    What type of property is this?
    Office Property / Space - Baltimore Office Building - Value-Add Opportunity
    Where is this office property / space located?
    The property is located at 529 Old Town Mall Baltimore, MD.
    What are key features of this property?
    This property features: Value-add opportunity for owner-users or investors.; Located in an Opportunity Zone and Enterprise Zone, within the Perkins Somerset Oldtown Transformation District.; 4,453 square foot, three-story building; first and second floors (1,725 sq ft each) currently leased; upper floors are ready for build-out.
    Request Owner's contact information
    529 Old Town Mall Baltimore, MD 21202
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    Baltimore, MD 21202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    529 Old Town Mall Baltimore, MD 21202
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