Office

3540 S Hanover St

baltimore, md, 21225, baltimore, MD 21225

Price

Price on request

Square Feet

21,470

Description

Commercial property listing from JLL. Property: 3540 S Hanover St.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

baltimore, md, 21225, baltimore, MD 21225

Leaflet © OpenStreetMap contributors

Property Details

Building Size21,470 SF

Market Context

This office in Baltimore, MD is listed for sale across 21,470 SF. It has been on the market for 118 days.

As of Q1 2026, the Baltimore office market showed a 15.0% vacancy rate, and rents up 9.0% year over year. Source: Cushman & Wakefield Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$26.78/SF/yr

Estimated sale value

$164–$214/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q4 2025 CBRE data (cap rate 7.5%, asking rent held flat).

View the full Baltimore Office market report →

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Compare it against other office listings for sale in Baltimore, MD to benchmark pricing and space — view the full market.

Office market FAQ

Is the Baltimore office market tightening or softening?: Vacancy is around 15.0%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Low Confidence

$229.11/SF-$309.97/SF

Mid: $269.54/SF

Total estimate for 21,470 SF

$5,787,024

Rate estimator only; cost-of-business estimate unavailable.

Sale Price History

2000 – 2026 · county sold comps + market trendsFIPS 24003

High Confidence

Avg Rent ($/SF/yr) (market data)
Median $/SF (sold)
Vacancy %

Market asking rent (quarterly avg)Median sale price / SFVacancy rate (right axis)P25–P75 IQR band

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.