Street-Level Office
New
For Sale
Contact for pricing
218 E CHASE STREET, Baltimore, MD 21202
Large windows brighten the workspace, complemented by a half bath and designated parking.
Property Size800 SF
Price / SF$1.87
Days on Market6
Property Features for 218 E CHASE STREET
General Information
Standard status
Active
Size
800 SF
Total Parking Spaces
1
Property subtype
Commercial
Site & Location
Neighborhood
Johnston Square
Additional Details
Floor
Street Level
Property Use
Office
Amenities
large windows
half bath
storage area
Building Details
Year Built
1900
Listing Agency:
Cummings & Co. Realtors
(410) 823-0033
Listed By:
Kelly McDevitt · License #631737
(443) 695-0733
Source:
Cummingsrealtors
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 3:36PM
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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Investment Insights
Based on property information with market context.
This updated, street-level office unit offers 800 square feet of workspace with large windows. The layout includes a half bath and a small storage area in the unfinished basement. One designated parking space is provided beside the building.
Key Highlights
- 800‑square‑foot street‑level office unit
- Large windows provide natural light
- One designated parking space beside the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,122
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,440
$222.4K
Cap Rate 7%
$158,886
$158.9K
Cap Rate 9%
$123,578
$123.6K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$17.8K $22.20/SF
− Vacancy
−$2.9K −$3.66/SF
EGI
$14.8K $18.54/SF
− OpEx
−$3.7K −$4.63/SF
NOI
$11.1K $13.90/SF
Area
Baltimore, MD
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,440
Cap Rate 7%
$158,886
Cap Rate 9%
$123,578
Alternative Uses
Best Use
Office B
$158.9K
$139.0K – $185.4K
NOI $11,122 @ 7.0% cap · market cap 743.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$191.7K
$167.7K – $223.6K
NOI $13,416 @ 7.0% cap · market cap 897.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,679
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Office unit - Large windows brighten the workspace, complemented by a half bath and designated parking.
Where is this office unit located?
The property is located at 218 E CHASE STREET Baltimore, MD.
What are key features of this property?
This property features: 800‑square‑foot street‑level office unit; Large windows provide natural light; One designated parking space beside the building
