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Versatile Mixed-Use Space in Baltimore

102-723 S Charles Street S Baltimore, MD 21230

Claim this Listing
For Sale
$165,000

868 SF mixed-use space in prime Federal Hill location.

Property size:
868 SF
Price / SF:
$190/SF
Added:
Apr 20, 2026
Days on Market:
84
Last Refresh:
Jun 29 at 8:38 pm

Property Features for 102-723 S Charles Street S

General Information

Standard status
Active
Size
868 SF

Listing office Coldwell Banker Realty

Listing date Apr 20, 2026

Source Exprealty

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 Coldwell Banker Realty


Investment Insights

Based on property information with market context.

Unit 102 offers approximately 868 square feet of versatile mixed-use space in a prime Federal Hill location. Well-suited for office, boutique commercial, service-oriented business, consulting, or potential live/work occupancy subject to approvals, this unit provides an excellent opportunity for a buyer or tenant seeking a highly functional footprint in a walkable and well-positioned urban setting. This unit may be occupied independently or in combination with Unit LL2, creating an expanded occupancy option for users seeking additional square footage and flexibility.

Key Highlights

  • Prime Federal Hill location
  • 868 SF of flexible mixed‑use space
  • Suitable for office, retail, service business, or consulting

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $20.8k $24.00
− Vacancy −$1.7k −$1.92
EGI $19.2k $22.08
− OpEx −$7.2k −$8.28
NOI $12.0k $13.80
868 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 37.50%

Alternative Uses

Best Use
Mixed Use
$171.1K
$149.7K – $199.6K (±1% cap)
NOI $11,978 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$207.9K
$182.0K – $242.6K (±1% cap)
NOI $14,556 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Veterinary Clinic Buffet (Bike/Boat/Book/etc) Store Pet Store Plumbing Service (Bike/Boat/Book/etc) Store Clothing & Fashion Store Pet Store & Service (Bike/Boat/Book/etc) Store Tanning Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - 868 SF mixed-use space in prime Federal Hill location.
Where is this mixed-use property located?
The property is located at 102-723 S Charles Street S Baltimore, MD.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Prime Federal Hill location; 868 SF of flexible mixed‑use space; Suitable for office, retail, service business, or consulting
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