Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    701-705 Broadway Baltimore, MD 21231
    Back to Search
    Property profile & analytics

    701-705 Broadway Baltimore, MD 21231

    View on Map
    • Retail properties & Spaces
    • 6,535 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Long & Foster Fells Point Baltimore, MD / Real Estate Agency
    • Extra Coverage Insurance Ltd / Insurance Agency
    • Craig Thomson, Long & Foster Real Estate, Inc. / Real Estate Agency
    • Long and Foster Real Estate, Maryland, Manuel Alvarez, Realtor / Real Estate Agency
    • Alecia Walters, Long & Foster Real Estate, Inc. / Real Estate Agency

    Property Details for 701-705 Broadway

    Year built
    1920
    Property size
    6,535 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 6,535 square foot commercial property, located at 701-705 S Broadway Street in Baltimore, Maryland, presents a unique opportunity for discerning businesses. Built in 1920 and spanning three stories, this building boasts a high-end modern fit-out on the first floor, perfectly suited for both retail and office users. Its highly visible corner location at the intersection of S Broadway and Aliceanna Street places it in the heart of Fells Point, a vibrant and sought-after neighborhood. The property benefits from significant signage opportunities on both sides, ensuring maximum brand visibility. Its strategic location offers immediate proximity to the Choptank and Broadway Market, as well as numerous restaurants and shops, and is just steps from the waterfront. The building's versatile layout and modern finishes make it an ideal space for a variety of businesses seeking a prominent presence in a thriving urban setting. The property is zoned for both retail and office use, offering flexibility for a wide range of potential tenants. This is a rare opportunity to acquire a well-maintained, historically significant building in a prime location within Baltimore's Fells Point. The building's 6,535 square feet are distributed across three floors, providing ample space for a variety of business needs. The zip code is 21231.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.593
    Latitude
    39.2834

    Comparable in this City

    • Value Estimation by Request
      2,200 SF

      732 Broadway Ave Baltimore

      Multifamily properties • 2,200 SF
      732 Broadway Ave Baltimore, Baltimore, MD 21231
      View Details
    • Value Estimation by Request
      6,535 SF

      701-705 Broadway

      Office Spaces • 6,535 SF
      701-705 Broadway, Baltimore, MD 21231
      View Details
    • Value Estimation by Request
      5,460 SF

      1390 Lancaster St

      Lifestyle centers • 5,460 SF
      1390 Lancaster St, Baltimore, MD 21231
      View Details
    • Value Estimation
      $730,000
      2,659 SF

      1821 Thames St

      CONDOMINIUM OFFICES • 2,659 SF
      1821 Thames St, Baltimore, MD 21231-3510
      View Details
    • Value Estimation by Request
      1,535 SF

      808 Broadwayc2

      CONDOMINIUM OFFICES • 1,535 SF
      808 Broadwayc2, Baltimore, MD 21231-3408
      View Details
    • Value Estimation
      $2,880,000
      14,768 SF

      1407 Fleet St

      OFFICE BUILDING • 14,768 SF
      1407 Fleet St, Baltimore, MD 21231-2872
      View Details

    Similar Nearby for Sale

    • $485,000

      Fells Point Area Commercial Building

      Commercial building in Fells Point with major tenant.
      1725 Eastern Ave, Baltimore, MD 21231
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase in Baltimore, Maryland.
      708 S Bond St, Baltimore, MD 21231
      View Details
    • Contact for pricing
      4,928 SF

      Fells Point Mixed-Use Building

      Mixed-use building with retail/office space and two residential units.
      316 S Broadway, Baltimore, MD 21231
      View Details
    • Contact for pricing
      12,000 SF

      Renovated Office & Warehouse Space

      8,246 SF office and warehouse in Fells Point.
      414-422 S Bond St, Baltimore, MD 21231
      View Details
    • $6,000,000

      Architectural Baltimore Property with Income

      Unique property with stable income and long-term growth potential.
      710 S Ann St, Baltimore, MD 21231
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Waterfront Development in Baltimore

      Mixed-use property in a prominent waterfront development.
      1307 Point St, Baltimore, MD 21231
      View Details
    • $16,000 /Mo

      1718 Thames St

      Building, Restaurant, Retail property for lease in Baltimore, MD
      1718 Thames St, Baltimore, MD 21231
      View Details
    • Contact for pricing
      3,000 SF

      Fells Point Bar/Restaurant Space

      Fells Point bar/restaurant space for lease in prime location.
      1718 Thames St, Baltimore, MD 21231
      View Details
    • $16 SF/Yr
      4,000 SF

      Turnkey Restaurant in Butchers Hill

      Free-standing, 2nd gen restaurant with liquor license for rent.
      2031 E Fairmount Ave, Baltimore, MD 21231
      View Details
    • Contact for pricing

      Modern Loft Space in Fells

      Modern commercial loft space for lease in historic Fells Point.
      716 S Broadway, Baltimore, MD 21231
      View Details
    • $1,100 /Mo

      Fells Point Commercial Space

      Newly renovated commercial space in the heart of Fells Point.
      1725 Bank St, Baltimore, MD 21231
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    701-705 Broadway
    Baltimore, MD 21231
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    701-705 Broadway, Baltimore, MD, 21231
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!