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    Property profile & analytics
    OFF-MARKET Estimated value $45,970,000
    Apartment buildings

    1111 Park Ave, Baltimore, MD 21201-5656

    276,666 SF 3.05 ac lot Built 1963
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US40-1020935
    Property summary
    AI-generated overview

    This exceptional Baltimore, MD property at 1111 Park Ave offers a unique blend of retail and office space within a vibrant TOD-2 zoned area. The building totals 12,858 square feet, with 5,259 square feet currently vacant and available for lease. Five individual executive office suites are available, ranging in size from 375 to 5,853 square feet, perfect for businesses seeking flexible and modern workspace. The building features convenient surface and covered parking. Located in Baltimore County, Maryland, zip code 21201, this property benefits from its proximity to amenities and excellent accessibility. The building is part of a larger mixed-use development, including a 294-unit apartment building, offering a built-in customer base for retail tenants. Retail space is in a freestanding building with its own surface parking. Office spaces boast high-end finishes including 9-foot acoustical tile ceilings, two exterior entrances with handicap accessibility, and convenient men's and women's restrooms. The larger development includes attractive resident amenities such as a swimming pool, fitness center, professionally landscaped grounds, balconies, and on-site management. This is an unparalleled opportunity to secure high-quality commercial space in a thriving Baltimore location.

    Property profile
    Verified
    Property type Apartment buildings
    Use group APARTMENT HOUSE (100+ UNITS)
    Year built 1963
    Construction BRICK
    Total area 276,666 SF
    Lot 3.05 ac (132,997 SF)
    Zoning code TOD-2
    APN 11-03-0422 -001
    UPID US40-1020935
    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
    Current use
    Occupant on record · Public records
    • The Dental ER - Dr. Dana Truesdale Dental Office
    • Hassan, Hassan & Tuchman, PA Law Firm
    • Zipcar Location Freight Service Logistics Company
    • Priority Printing (Bike/Boat/Book/etc) Store Printing Service
    • Dr. Lisa Valentine Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $55.46M
    Comparable Approach Comparable
    $34.35M
    Blend (final) Blend
    $45.97M
    Owner & transaction history
    Va7 Sutton Place LLC · 4 yrs held
    Va7 Sutton Place LLC
    since 2022
    Last sale
    $47.0M
    4 recorded transactions
    2022
    $47.0M
    1969
    1969
    1969
    Zoning & alternative use
    TOD-2 · Baltimore, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $63.8M +78.5%
    Restaurant $62.9M +75.9%
    Neighborhood: shopping center $50.7M +41.7%
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