Property profile

926 Monument St Baltimore, MD 21202

OFF-MARKET
Warehouses
Property ID
US40-0238933
34,636 SF 0.37 ac lot Built 1920
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional redevelopment opportunity presents a 37,000 square foot property located at 926-938 E Monument St, Baltimore, MD 21202. The property, built in 1920, features a three-story building on a 17,000 square foot lot and boasts I-MU 1 zoning, permitting a blend of light industrial, residential, and commercial uses. Currently vacant, the property offers an immediate opportunity for a developer to create a mixed-use environment. The asking price is $699,999, translating to $18.92 per square foot. The property's strategic location across from the $1 billion Old Town Mall and former Somerset House redevelopments, near the Johns Hopkins campus and a metro station, ensures high visibility and accessibility. Its proximity to downtown Baltimore, I-83, and BWI Airport (22 minutes away) further enhances its appeal. The property includes two loading docks and ample parking. A comprehensive development package, including a Phase 1 environmental study and survey, is available for qualified parties. The anticipated occupancy date is January 31, 2024. This is a rare chance to capitalize on a prime location with significant upside potential in a rapidly developing area of Baltimore.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1920
Construction BRICK
Total area 34,636 SF
Lot 0.37 ac (16,162 SF)
Zoning code IMU-1
APN 10-09-1237 -006
UPID US40-0238933

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
  • Spa & Massage Center

Location

926 Monument St Baltimore, MD 21202-4105
Baltimore metro Census 100200 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.10M
Blend (final) Blend
$1.73M

Owner & transaction history

since 2019
3 recorded transactions
2022
Price N/A
2019
$375,000
2002
$160,000

Zoning & alternative use

IMU-1 · Baltimore, MD
Zoning description

The IMU Industrial Mixed-Use Zoning Districts are intended to encourage the reuse of older industrial buildings for light industrial use, as well as a variety of non-industrial uses. The IMU-1 District is generally for i…

General category MIXED_USE

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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