Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Property on Charles Street Title is generated by Realmo AI

    602 Charles Street, La Plata, MD 20646

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,000

    Turn-key mixed-use property with income and growth potential.

    Type:Commercial
    Lot size:
    0.15 Acres
    Added:
    Oct 26, 2025
    Days on Market:
    204
    Last Refresh:
    Apr 5 at 8:33 pm

    Property Features for 602 Charles Street

    General Information

    Standard status
    Active
    Lot size
    0.15 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    SHASHIKANT RAO

    Listing agent SHASHIKANT RAO

    Listing office SAMSON PROPERTIES

    Listing date Oct 26, 2025

    Source Corcoran

    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 SAMSON PROPERTIES

    HighLights

    • Turn‑key mixed‑use property with stable income and long‑term growth potential.
    • Prime location on the vibrant Charles Street corridor.
    • Seven total units: five residential apartments and two commercial spaces.
    • Residential apartments feature spacious layouts, updated kitchens, and in‑unit amenities.
    • Commercial units offer prime street frontage, high visibility, and steady traffic.
    • Well‑maintained building.

    Overview

    The Charles Seven is a mixed-use property positioned along Charles Street. The building features seven total units: five residential apartments and two commercial spaces. The apartments offer spacious layouts, updated kitchens, and in-unit amenities. The commercial units have street frontage, high visibility, and steady traffic, suitable for retail, office, or service-based tenants. This property is suited for investors, owner-occupants, or entrepreneurs seeking a flexible asset in a Southern Maryland community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    La Plata
    County
    Charles
    State
    Maryland
    Longitude
    -76.9745
    Latitude
    38.5296

    Nearby Similar for Sale

    • $440,000

      La Plata Office Condominium Unit

      2,939 SF office condominium in the heart of La Plata.
      200 HOWARD Street, LA PLATA, MD 20646
      View Details
    • $865,000

      La Plata Commercial Condo Units

      Two commercial condominium units in La Plata, Maryland for sale.
      200 HOWARD Street, LA PLATA, MD 20646
      View Details
    • $865,000
      4,933 SF

      La Plata Condominium Units Portfolio

      Two condominium units in La Plata, currently 100% leased.
      200 HOWARD St 101 & 200, La Plata, MD 20646
      View Details
    • $649,900

      7.8 Acres of Untapped Potential

      7.8-acre property near La Plata, MD, with no HOA restrictions.
      19 WALNUT HILL Rd, La Plata, MD 20646
      View Details
    • $839,000
      4,795 SF

      La Plata Office/Retail Condo

      Office/retail condominium unit in La Plata, MD for sale.
      105 Centennial St #301, LA PLATA, MD 20646
      View Details
    • $865,000
      4,933 SF

      La Plata Condominium Units Portfolio

      Two condominium units in La Plata, currently 100% leased.
      200 Howard St #101 & 200, LA PLATA, MD 20646
      View Details
    • Contact for pricing

      Divisible QSR with Drive Thru

      Divisible 3,600 SF QSR with Drive Thru proposed.
      6355 Crain Hwy, La Plata, MD
      View Details
    • $457,000

      La Plata Church with Parking

      Church with ample parking and fenced playground in La Plata.
      5 E Hawthorne Dr, LA PLATA, MD 20646
      View Details
    • $699,000
      3,087 SF

      La Plata Office Condo For Sale

      3,087 SF office condo in La Plata, Maryland.
      105 Centennial St, La Plata, MD
      View Details
    • $1,967,565
      2,623 SF

      Starbucks Drive-Thru Corner Location

      STNL Starbucks drive-thru in La Plata Shopping Center.
      6675 Crain Hwy, La Plata, MD
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Turn-key mixed-use property with income and growth potential.
    Where is this mixed-use property located?
    The property is located at 602 Charles Street La Plata, MD.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Turn‑key mixed‑use property with stable income and long‑term growth potential.; Prime location on the vibrant Charles Street corridor.; Seven total units: five residential apartments and two commercial spaces.
    (240) 630-8689
    We can help!
    Listing Contact
    SHASHIKANT RAO
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    602 Charles Street, LA PLATA, MD 20646
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!