Retail Storefront Near Penn
For Sale
$999,990
1728 N CHARLES STREET N, Baltimore, MD 21201
Retail storefront property located one block north of Penn Station on North Charles Street.
Property Size4,850 SF
Days on Market105
Property Features for 1728 N CHARLES STREET N
General Information
Standard status
Active
Size
4,850 SF
Property subtype
MixedUse
Taxes and HOA fees
Annual Taxes
$5,445
Building Details
Building Size
4,850 SF
Year Built
1900
Listing Agency:
Cummings & Co. Realtors
Listed By:
Brian J McGeehan · License #594598
(443) 690-5752
Source:
Thehulsmangroup
Added: Jul 10
Changed: Oct 9
Last Checked: Oct 21 at 5:09AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail storefront property is offered for sale and is situated along North Charles Street in Baltimore City.
Per the provided directions, the location is one block north of Penn Station, on the left just before Lafayette.
The offering is presented as a storefront-type commercial real estate asset, suitable for retail use depending on buyer requirements and applicable approvals.
Per the provided directions, the location is one block north of Penn Station, on the left just before Lafayette.
The offering is presented as a storefront-type commercial real estate asset, suitable for retail use depending on buyer requirements and applicable approvals.
Key Highlights
- Retail storefront on North Charles Street, one block north of Penn Station
- Central air cooling with electric heating and heat pump
- On‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,646
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,372,920
$1.4M
Cap Rate 7%
$980,657
$980.7K
Cap Rate 9%
$762,733
$762.7K
Market Conditions
NOI Build-Up for 4,850 SF
Gross rent
$104.8K $21.60/SF
− Vacancy
−$6.7K −$1.38/SF
EGI
$98.1K $20.22/SF
− OpEx
−$29.4K −$6.07/SF
NOI
$68.6K $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%
$1,372,920
Cap Rate 7%
$980,657
Cap Rate 9%
$762,733
Alternative Uses
Best Use
Retail
$980.7K
$858.1K – $1.14M
NOI $68,646 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,335 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,568
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21201, MD
18,382
Population
11,468
Households
1.6
Avg Household Size
34
Median Age
47%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
14,140
Density / Sq Mi
$44,722
Median Household Income
$44,239
Median Earnings
$1,282
Median Rent
$221,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Baltimore, MD
Similar Off Market Nearby
- Rosie's Posies — 1206 Ridgely St, Baltimore, MD 21230
- Baltimore Florist — 920 Light St, Baltimore, MD 21230
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront property located one block north of Penn Station on North Charles Street.
Where is this storefront property located?
The property is located at 1728 N CHARLES STREET N Baltimore, MD.
What is the asking price?
The asking price for this property is $999,990.
What are key features of this property?
This property features: Retail storefront on North Charles Street, one block north of Penn Station; Central air cooling with electric heating and heat pump; On‑street parking
