Mixed-Use Space in Federal
723 S CHARLES St S 102 Baltimore, MD 21230
For Sale
$165,000
868 SF mixed-use space in prime Federal Hill location.
Property Size868 SF
Price / SF$190.09
Days on Market98
Property Features for 723 S CHARLES St S 102
General Information
Standard status
Active
Size
868 SF
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
Coldwell Banker Realty
(240) 674-3937
Listed By:
Jody Bell · License #MD657917
(240) 674-3937
Source:
Elliman
Added: Apr 21
Changed: Jul 10
Last Checked: Jul 27 at 7:58AM
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. It is 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. The location has a bike score of 66, indicating it is bikeable, a walk score of 96, indicating it is a walker's paradise, and a transit score of 74, indicating excellent transit.
Key Highlights
- Prime Federal Hill location with an incredible Walk Score of 96, making it a Walker's Paradise.
- Flexible mixed‑use space, perfect for office, retail, service business, or even live/work arrangements (subject to approvals).
- Approximately 868 square feet of functional space.
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
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
NOI $14,556 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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 723 S CHARLES St S 102 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 with an incredible Walk Score of 96, making it a Walker's Paradise.; Flexible mixed‑use space, perfect for office, retail, service business, or even live/work arrangements (subject to approvals).; Approximately 868 square feet of functional space.
