Property profile

118 Mulberry St Baltimore, MD 21201

OFF-MARKET
Other commercial real estate
Property ID
US40-1112257
5,160 SF 0.03 ac lot
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 118 W Mulberry St, Baltimore, MD 21201, presents a compelling investment opportunity. The 5,210 square foot building, classified as Class C, is priced at $828,390 ($159/sq ft). Situated in Baltimore's Bromo Art and Entertainment District, it enjoys a prime corner location at Park Ave and W Mulberry St, directly across from new residential complexes. The four-story building features a first-floor commercial space ideal for retail or a showcase business, complemented by high ceilings, large windows throughout, and a rooftop balcony. Its versatile design lends itself to various uses, including creative studios, office space, or multi-family dwellings. The C-5 Downtown zoning allows for extensive reuse, readaptation, or redevelopment. Its proximity to key landmarks like Mercy Hospital, Indigo Hotel, Lexington Market, and UMMS, coupled with excellent walkability and access to major transportation routes (including the new Red Line), ensures high visibility and convenience. This rapidly developing area offers significant potential for future appreciation, making this property an attractive investment for developers, investors, and businesses seeking a vibrant and accessible location. The building's features and location make it suitable for a wide range of uses, from law firms and art galleries to co-working spaces and multi-family residences.

Property profile

Verified
Property type Other commercial real estate
Use group OFFICE BUILDING
Construction BRICK
Total area 5,160 SF
Lot 0.03 ac (1,320 SF)
Zoning code C-5HT
APN 04-02-0564 -007
UPID US40-1112257

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

118 Mulberry St Baltimore, MD 21201-3606
Baltimore metro Census 40100 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2025
Last sale
$300,000
5 recorded transactions
2025
$300,000
2016
$200,000
2016
$305,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-5HT · Baltimore, MD

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
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