Street-Level Storefront Retail
For Sale
$405,000
1003 S Charles, Baltimore, MD 21230
Glass frontage, natural light, and direct street access create a practical setting for customer-facing retail.
Property Size1,204 SF
Price / SF$336.38
Days on Market55
Property Features for 1003 S Charles
General Information
Standard status
Active
Size
1,204 SF
Property Condition
Severity
Repairs Needed
Evidence
cosmetic buildout
Amenities
large glass storefront
private rear area with restroom and office potential
ample natural light
functional back-of-house
flexible interior layout
Building Details
Year Built
1900
Listing Agency:
Brexton Commerical, LLC
Listed By:
Rajbir S. Randhawa · License #646678
(410) 999-1738
Source:
Theatwoodteam
Added: Aug 13
Changed: Sep 26
Last Checked: Oct 5 at 10:19PM
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 Brexton Commerical, LLC
Investment Insights
Based on property information with market context.
This 1,204-square-foot storefront property offers a street-level retail setting with a broad glass frontage, dedicated entry, and open interior arrangement. Natural light reaches the customer area, while the rear portion includes a restroom and functional back-of-house space. The layout is suited to a cosmetic buildout, and T.I. is available for qualified tenants.
The property sits at a lighted intersection along South Charles Street in Baltimore’s Federal Hill neighborhood. The surrounding area includes Cross Street Market, the Baltimore Ravens and Orioles stadiums, and the Inner Harbor, along with a mix of dining, shopping, and entertainment venues. The location is also described as a walkable neighborhood with increased activity during Ravens and Orioles game days.
The property sits at a lighted intersection along South Charles Street in Baltimore’s Federal Hill neighborhood. The surrounding area includes Cross Street Market, the Baltimore Ravens and Orioles stadiums, and the Inner Harbor, along with a mix of dining, shopping, and entertainment venues. The location is also described as a walkable neighborhood with increased activity during Ravens and Orioles game days.
Key Highlights
- 1,204 SF storefront property with open interior layout
- Large glass storefront at a lighted intersection on South Charles Street
- Street‑level entry with dedicated customer access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,041
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,820
$340.8K
Cap Rate 7%
$243,443
$243.4K
Cap Rate 9%
$189,344
$189.3K
Market Conditions
NOI Build-Up for 1,204 SF
Gross rent
$26.0K $21.60/SF
− Vacancy
−$1.7K −$1.38/SF
EGI
$24.3K $20.22/SF
− OpEx
−$7.3K −$6.07/SF
NOI
$17.0K $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%
$340,820
Cap Rate 7%
$243,443
Cap Rate 9%
$189,344
Alternative Uses
Best Use
Retail
$243.4K
$213.0K – $284.0K
NOI $17,041 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.4K
$252.4K – $336.5K
NOI $20,191 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,075
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21230, MD
36,660
Population
18,070
Households
2
Avg Household Size
33
Median Age
59%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
5,819
Density / Sq Mi
$94,164
Median Household Income
$69,973
Median Earnings
$1,771
Median Rent
$327,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
Storefront property - Glass frontage, natural light, and direct street access create a practical setting for customer-facing retail.
Where is this storefront property located?
The property is located at 1003 S Charles Baltimore, MD.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 1,204 SF storefront property with open interior layout; Large glass storefront at a lighted intersection on South Charles Street; Street‑level entry with dedicated customer access
