Property profile

1820 Lancaster St Baltimore, MD 21231

FOR LEASE
Other commercial real estate
Property ID
US40-2381263
48,745 SF 0.41 ac lot Built 1920
Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Baltimore office space at 1820 Lancaster St, 21231, offers a diverse range of flexible workspace solutions to suit various business needs. The property provides traditional office suites, executive offices, coworking areas, medical offices, and creative office spaces, all within a single location. Businesses can choose from fully furnished and equipped private offices, scalable from single-person setups to large corporate spaces, tailored to specific requirements. These options include serviced offices, custom designs, disaster recovery spaces, and day offices, offering access flexibility. A comprehensive benefits program, including exclusive discounts and procurement support, is also available for office space tenants. Beyond private offices, the property features coworking spaces with both dedicated desks and hot-desking options, fostering collaboration and community. A wide selection of meeting rooms caters to various needs, from informal chats to large-scale conferences, equipped with Wi-Fi and presentation technology. Virtual office solutions are also available, providing prestigious business addresses, mail handling, and virtual assistant services, including lounge access and occasional office use. Flexible working plans offer access to a global network of workspaces, providing options for 5, 10, or unlimited days of access per month to private offices or coworking spaces. This property is ideal for businesses seeking adaptable and versatile office solutions in a prime Baltimore location.

Property profile

Verified
Property type Other commercial real estate
Use group CONDOMINIUM OFFICES
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 48,745 SF
Lot 0.41 ac (17,947 SF)
Zoning code C-1
APN 02-06-1846 -016
UPID US40-2381263

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
  • Physician
  • Financial Advisor
  • (Bike/Boat/Book/etc) Store Photography Service
  • Pet Grooming Service
  • Construction Company General Contractor

Location

1820 Lancaster St Baltimore, MD 21231
Baltimore metro Census 20300 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.32M
Blend (final) Blend
$5.94M

Owner & transaction history

since 2007
5 recorded transactions
2019
Price N/A
2007
Price N/A
2007
$9.3M
1998
Price N/A
1969
Price N/A

Zoning & alternative use

C-1 · Baltimore, MD
Zoning description

ermitted and Conditional Uses Table 9-401 Rowhouse and Multi-Family Residential Districts - Bulk and Yard Regulations Table 10-301 Commercial Districts - Permitted and Conditional Uses Table 10-401 Commercial Districts (…

General category COMMERCIAL

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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More about this property
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