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Property profile & analytics

2981 Fls Rd Baltimore, MD 21211-2494

  • Warehouses
  • 15,264 SF
  • 0.31 lot acres
OFF-MARKET
Last Sale
Mar 17, 2023
$750,000
Value Estimations
$840,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US40-0161426
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

  • Ronny Rolling Gate Company Inc / Metal Fabricator
  • DELIVERY PROS INC. / Shipping Company

Property Details for 2981 Fls Rd

Year built
1875
Construction
BRICK
Lot size
0.31 lot acres
Property size
15,264 SF
Zone code
IMU-1
Property type
Warehouses
APN
13-12-3500 -007
APU
13123500007

Description

This exceptional 15,264 square foot flex space at 2981 Falls Road in Baltimore, MD, presents a compelling value-add opportunity. Boasting IMU-1 Mixed Use zoning, this property offers remarkable versatility. Originally constructed in 1878, the building features robust construction, including impressively thick brick walls (over one foot deep). Situated on a 13,721 square foot lot, its prime location within the Falls Mill District/Hampden area provides excellent visibility and accessibility. The asking price is $750,000, translating to $49.14 per square foot. The property's zoning allows for a wide range of uses, including light industrial, office, residential, and retail, making it an ideal investment for developers and entrepreneurs seeking a unique and adaptable space. Its proximity to the Mill No. 1 redevelopment project further enhances its potential for significant appreciation. This is a rare chance to acquire a substantial property in a rapidly developing area with considerable upside potential. The property's size, zoning, and location combine to create a truly unique investment opportunity in the heart of Baltimore.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $810,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $925,000
    Market price range: $925k - $3.98M

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


Location Insight

  • Map
  • Local Demand
City
Baltimore
County
Baltimore City
State
Maryland
Longitude
-76.6297
Latitude
39.3227
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
$8,169
$0.00
$0.00
$346,133
-
$75,400
$322,800
$398,200
More about this property
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