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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    901 S Ellwood Ave Baltimore, MD 21224

    • Commercial real estate
    • 0.34 lot acres
    For Sale
    View listing
    $1,600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1258763
    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

    • Saint Brigid Catholic Church / Catholic Church

    Property Details for 901 S Ellwood Ave

    Lot size
    0.34 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.34-acre commercial land parcel presents a remarkable turnkey development opportunity in the heart of Baltimore's vibrant Canton neighborhood. Located just three blocks from Canton Square and within easy walking distance of the Canton Waterfront and Patterson Park, this site boasts an unparalleled location. The property is already subdivided, with all necessary permits approved and ready for issuance, eliminating significant pre-construction hurdles. Detailed plans are in place for the construction of nine luxury garage townhomes, projected to range in price from $750,000 to $1.2 million, representing a substantial return on investment. The lot has been cleared, making it ready for immediate development. This is a unique opportunity to acquire a fully permitted and planned development site in a highly desirable location. The property is being sold as a single package; individual lots will not be sold separately. The asking price for this exceptional development opportunity is $1,799,999. Don't miss this chance to capitalize on the thriving Canton real estate market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.5722687
    Latitude
    39.2821604

    Comparable in this City

    • Contact for pricing

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      Vacant lot available for sale in Baltimore, Maryland.
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      Baltimore Land For Sale

      Commercial land available in Baltimore, Maryland.
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      Land For Sale

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      Land Available for Sale

      Land available for sale in Baltimore, Maryland.
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      Land For Sale Baltimore

      Land available for sale in Baltimore, Maryland.
      500 S Macon St, Baltimore, MD 21224
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    • $1,600,000
      0.34 Acres

      Cleared Lot in Canton

      Cleared lot with approved permits for 9 luxury townhomes.
      901 S Ellwood Ave, Baltimore, MD 21224
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Vacant Lot Available Now

      Vacant lot available for sale in Baltimore, Maryland.
      6609 Graceland Ave, Baltimore, MD 21224
      View Details
    • $160,000

      Land Available for Sale

      Land available for sale in Baltimore, Maryland.
      225 N Luzerne Ave, Baltimore, MD 21224
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    • $289,000

      Land For Sale

      Land available for sale.
      2419 Orleans St, Baltimore, MD 21224
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      Baltimore Land For Sale

      Commercial land available in Baltimore, Maryland.
      40 N Streeper St, Baltimore, MD 21224
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      0.07 Acres

      Canton Turnkey Condo Development Opportunity

      Turnkey condo development opportunity in Canton, ready for two spacious homes.
      820 S Potomac St S, Baltimore, MD 21224
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    • $300,000

      Land For Sale

      Land available for sale.
      952 S Macon St, Baltimore, MD 21224
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    Similar Nearby for Lease

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      Commercial Land For Rent

      0.88 acre commercial land with high visibility.
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    • $5,000 /Mo

      Land for Lease

      Land available for lease.
      901 Kresson St, Baltimore, MD 21224
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      Baltimore Warehouse with Outside Storage

      Warehouse with outside storage and easy highway access available for lease.
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      Warehouse with Outside Storage Available

      Air-conditioned warehouse with outside storage and highway access for lease.
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      5,000 SF

      Prime Baltimore Flex Space

      5,000 SF Flex Space For Lease
      6600 Holabird Ave, Baltimore, MD 21224
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    • $3,500 /Mo

      Flex Space on Holabird Avenue

      4,175 SF flex space available on high-traffic Holabird Ave.
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    901 S Ellwood Ave
    Baltimore, MD 21224
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    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
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