Property profile

1111 Park Ave Baltimore, MD 21201

OFF-MARKET
Apartment buildings
Property ID
US40-1020935
276,666 SF 3.05 ac lot Built 1963
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Dental Office
  • Law Firm
  • Freight Service Logistics Company
  • (Bike/Boat/Book/etc) Store Printing Service
  • Dental Office

Location

1111 Park Ave Baltimore, MD 21201-5656
Baltimore metro Census 140100 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2022
Last sale
$47.0M
4 recorded transactions
2022
$47.0M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

TOD-2 · Baltimore, MD
Zoning description

The purpose of TOD Transit-Oriented Development Zoning Districts is to encourage the location of uses and forms of development conducive to increased transit usage. This District is intended to promote new, well-integrat…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $63.8M +78.5%
Restaurant $62.9M +75.9%
Neighborhood: shopping center $50.7M +41.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1111 Park Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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