Retail Suite with Concierge
1 E Chase Street R3h, Baltimore, MD 21202
For Sale
$117,500
The suite provides concierge services, on-site maintenance, and CAM cleanings for a range of commercial occupants.
Property Size759 SF
Price / SF$154.81
Days on Market98
Property Features for 1 E Chase Street R3h
General Information
Standard status
Size
Site & Location
Neighborhood
Additional Details
Floor
Amenities
concierge services
on-site maintenance
CAM cleanings
Building Details
Year Built
Listing Agency:
Cummings & Co. Realtors
Listed By:
Thomas B Maley · License MD #656646
(410) 274-3326
Source:
Baltimorehousesale
Added: Aug 9
Changed: Oct 25
Last Checked: Oct 7 at 1:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cummings & Co. Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite R3H is a 759-square-foot retail space located on the retail floor of the Belvedere at 1 E Chase Street in Baltimore. The building dates to 1903, providing an established setting for a boutique commercial operation.
Property services include concierge support, on-site maintenance, and CAM cleanings. The space is presented as a fit for retailers, salons, therapists, financial professionals, technology firms, nonprofits, and other commercial users. Private showings are available Monday through Friday from 10AM to 2PM.
Property services include concierge support, on-site maintenance, and CAM cleanings. The space is presented as a fit for retailers, salons, therapists, financial professionals, technology firms, nonprofits, and other commercial users. Private showings are available Monday through Friday from 10AM to 2PM.
Key Highlights
- 759‑square‑foot retail suite identified as R3H
- Located on the retail floor of Baltimore’s Belvedere
- Concierge services included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,743
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,860
$214.9K
Cap Rate 7%
$153,471
$153.5K
Cap Rate 9%
$119,367
$119.4K
Market Conditions
NOI Build-Up for 759 SF
Gross rent
$16.4K $21.60/SF
− Vacancy
−$1.0K −$1.38/SF
EGI
$15.3K $20.22/SF
− OpEx
−$4.6K −$6.07/SF
NOI
$10.7K $14.15/SF
Area
Baltimore, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,860
Cap Rate 7%
$153,471
Cap Rate 9%
$119,367
Alternative Uses
Best Use
Retail
$153.5K
$134.3K – $179.1K
NOI $10,743 @ 7.0% cap · market cap 9.14%
Second Best
Office B
$150.7K
$131.9K – $175.9K
NOI $10,552 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$181.8K
$159.1K – $212.1K
NOI $12,728 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 21202, MD
22,247
Population
12,731
Households
1.7
Avg Household Size
33
Median Age
48%
College-Educated
86%
High-School Grad
1.6 sq mi
ZIP Area
13,904
Density / Sq Mi
$61,578
Median Household Income
$53,609
Median Earnings
$1,497
Median Rent
$307,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Baltimore, MD
Properties on Market for Retail space in Baltimore
Vacancy Rate% for Office in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Retail space - The suite provides concierge services, on-site maintenance, and CAM cleanings for a range of commercial occupants.
Where is this retail space located?
The property is located at 1 E Chase Street R3h Baltimore, MD.
What is the asking price?
The asking price for this property is $117,500.
What are key features of this property?
This property features: 759‑square‑foot retail suite identified as R3H; Located on the retail floor of Baltimore’s Belvedere; Concierge services included
