Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2330 Monument St Baltimore, MD 21205

    • Retail space
    • 3,510 SF
    • 0.04 lot acres
    For Sale
    View listing
    $175,000
    Last Sale
    Apr 21, 2025
    $150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-2328055
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 2330 Monument St

    Year built
    1910
    Construction
    BRICK
    Lot size
    0.04 lot acres
    Property size
    3,510 SF
    Zone code
    C-1
    Property type
    Retail space
    APN
    07-02-1623 -059
    APU
    7021623059

    Description

    This 3,510 square foot property located at 2330 E Monument Street in Baltimore, Maryland presents a unique investment opportunity. Situated on a 0.04-acre lot, the building is being sold "as is," indicating a need for significant renovations and repairs. The property's current condition requires a buyer prepared to undertake substantial improvements. The asking price is $175,000, reflecting the property's condition and the potential for future value appreciation after renovations. Given its location in Baltimore, the property may be suitable for various uses, depending on the scope of the planned renovations and local zoning regulations. Prospective buyers should conduct their own due diligence to assess the property's potential and the costs associated with bringing it up to code and desired functionality. This includes, but is not limited to, a thorough inspection of the building's structure, systems, and compliance with all applicable building codes and regulations. The property's size and location offer a potential for significant return on investment for a buyer with the vision and resources to complete the necessary renovations. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $150,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $150,000
      Market price range: $147k - $336k
      AI Estimate
      $224,000
      Market price range: $153k - $463k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $210,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.5841
    Latitude
    39.2989
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,722
    $0.00
    $0.00
    $157,700
    -
    $71,500
    $95,800
    $167,300

    Comparable in this City

    • Value Estimation by Request
      1,680 SF

      533 Chester St

      RETAIL STORES (PERSONAL SERVICES) • 1,680 SF
      533 Chester St, Baltimore, MD 21205-2301
      View Details
    • Value Estimation by Request
      1,765 SF

      2226 Monument St

      RETAIL STORES (PERSONAL SERVICES) • 1,765 SF
      2226 Monument St, Baltimore, MD 21205-2431
      View Details
    • Value Estimation by Request
      12,893 SF

      2233 Monument St

      RETAIL STORES (PERSONAL SERVICES) • 12,893 SF
      2233 Monument St, Baltimore, MD 21205
      View Details
    • Value Estimation by Request
      2,212 SF

      2441 Monument St

      RETAIL STORES (PERSONAL SERVICES) • 2,212 SF
      2441 Monument St, Baltimore, MD 21205-2549
      View Details
    • Value Estimation by Request
      2,918 SF

      2443 Monument St

      RETAIL STORES (PERSONAL SERVICES) • 2,918 SF
      2443 Monument St, Baltimore, MD 21205-2549
      View Details
    • Value Estimation by Request
      5,426 SF

      2113 Monument St

      RETAIL STORES (PERSONAL SERVICES) • 5,426 SF
      2113 Monument St, Baltimore, MD 21205-2333
      View Details

    Similar Nearby for Sale

    • $1,300,000
      3,131 SF

      Retail Pad-Site For Sale

      Retail pad-site for sale with 40 parking spaces.
      5820 Pulaski Hwy, Baltimore, MD 21205
      View Details
    • $399,999
      0.07 Acres

      Commercial Property with Business Included

      Commercial property with thriving business and residential expansion potential.
      2113 E Monument St, Baltimore, MD 21205
      View Details
    • $250,000
      1,400 SF

      Mixed-Use Property with Income Potential

      Mixed-use property featuring banquet hall and residential unit in Baltimore.
      2200 Jefferson St, Baltimore, MD 21205
      View Details
    • Contact for pricing
      11,000 SF

      Canton Warehouse with Office Space

      11,000 SF warehouse with two-story office in Canton.
      1000 S Linwood Ave, Baltimore, MD 21205
      View Details
    • $2,100,000
      25,600 SF

      Multifamily Property Near Johns Hopkins

      25,600 SF building with apartments and office space.
      806 N Collington Ave, Baltimore, MD 21205
      View Details
    • $199,000

      Baltimore Specialty Property For Sale

      Specialty property available in Baltimore, Maryland for $199,000.
      628 N Chester St, Baltimore, MD 21205
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      42,450 SF

      Mixed-Use Development Retail Space

      Retail space available in a mixed-use development.
      600 S Caroline St, Baltimore, MD 21205
      View Details
    • $120,000

      Mixed-Use Property Near Johns Hopkins

      Mixed-use property with retail and residential space near Johns Hopkins.
      2525 E Monument St, Baltimore, MD 21205
      View Details
    • Contact for pricing
      5,796 SF

      Monument Street Retail Space

      Prime Baltimore Retail Opportunity: 5,796 SF
      2235 Monument St, Baltimore, MD 21205
      View Details
    • $2,000 /Mo

      Versatile Baltimore Commercial Space Available

      Adaptable commercial space suitable for healthcare or professional services.
      633 N Duncan St, Baltimore, MD 21205
      View Details
    • $150 SF/Yr
      18,000 SF

      Baltimore Industrial Flex Space

      Prime Baltimore location, versatile layout
      900 Lehigh St, Baltimore, MD 21205
      View Details
    • $7 SF/Yr
      15,000 SF

      Downtown Baltimore Flex Space

      15,000 SF Flex Space, Prime Location
      1010 Chester St, Baltimore, MD 21205
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2330 Monument St
    Baltimore, MD 21205
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.