Property profile

121 Riverside Rd Baltimore, MD 21221

OFF-MARKET
Manufacturing properties
Property ID
US40-0717178
9,375 SF 0.31 ac lot Built 1962
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,000 square foot freestanding warehouse, located at 121 Riverside Road in Baltimore, Maryland, presents a compelling investment opportunity. Situated within an Opportunity Zone, this property offers significant potential for growth and tax advantages. The warehouse boasts convenient exterior dock and drive-in access, ensuring efficient loading and unloading operations. The interior features impressive ceiling heights ranging from 14 to 16 feet, providing ample vertical space for storage and various industrial uses. The property is equipped with heavy power, including 3-phase electrical service, catering to the demands of energy-intensive businesses. Its prime location in Baltimore City, within Baltimore County, and the 21225 zip code, offers easy access to major transportation routes and a robust workforce. This well-maintained warehouse is ready for immediate occupancy and presents a rare chance to acquire a functional and strategically located industrial asset in a thriving market. The property's size, features, and location make it ideal for a variety of industrial and warehousing operations. Further details are available upon request.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1962
Construction BRICK
Total area 9,375 SF
Lot 0.31 ac (13,591 SF)
Zoning code R-6
APN 25-06-7027D-001
UPID US40-0717178

Cap rate & NOI

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

Location

121 Riverside Rd Baltimore, MD 21221-6655
Baltimore metro Census 250401 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
$500k
Blend (final) Blend
$315k

Owner & transaction history

since 2013
Last sale
$600,000
1 recorded transaction
2013
$245,000

Zoning & alternative use

R-6 · Baltimore, MD
Zoning description

The R-6 Garden Rowhouse Residential Zoning District is intended for primarily low density rowhouse neighborhoods that reflect a naturalistic environment typified by open and landscaped front yards of buildings that are s…

General category RESIDENTIAL

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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