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Property profile & analytics
OFF-MARKET Estimated value $1,930,000
Manufacturing properties

1020 Pratt St Baltimore, MD 21223-2655

46,710 SF 0.36 ac lot Built 1925
Entity Owned Absentee Owner Free & Clear
Property ID
US40-1019932
Property summary
AI-generated overview

This exceptional 43,371 square foot, three-story Class B office building at 1020 W. Pratt Street in Baltimore, MD 21223 presents a compelling investment opportunity. Currently vacant, this property offers significant potential for redevelopment or continued use as a warehouse or office space. Built in 1920, the building boasts IMU-1 zoning, allowing for a diverse range of uses including multi-family residential, office space, warehouse facilities, and self-storage. The expansive footprint includes over 43,000 square feet above grade, complemented by an additional 13,000 square feet of basement space. The asking price is $2,000,000. Its strategic location provides excellent access to major roadways including I-395, I-295, I-95, and Route 40, placing it within easy reach of the University of Maryland BioPark and Hospital campus. Furthermore, the property benefits from its proximity to thriving neighborhoods such as Hollins Market, PigTown, Camden Yards, and TopGolf, reflecting a rapidly developing area with significant investment and redevelopment activity surrounding the property, including the billion-dollar University of Maryland BioPark, the revitalization of Hollins Market and the B&O Railroad Museum, and the ongoing growth of Pig Town and Carroll-Camden. This presents a unique chance to capitalize on the area's upward trajectory.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1925
Construction BRICK
Total area 46,710 SF
Lot 0.36 ac (15,570 SF)
Zoning code R-8
APN 18-08-0251 -032
UPID US40-1019932
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.49M
Blend (final) Blend
$1.93M
Owner & transaction history
1020 CORPORATION
1020 CORPORATION
Zoning & alternative use
R-8 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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