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    Remodeled Ground-Floor Office Unit Title is generated by Realmo AI

    723 S CHARLES Street, Baltimore, MD 21230

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    For Sale
    $275,000

    Commercial Sale - BALTIMORE, MD

    Type:Office
    Property size:
    1,169 SF
    Price / SF:
    $235/SF
    Added:
    Jan 15, 2026
    Days on Market:
    151
    Last Refresh:
    Jun 15 at 5:06 am

    Property Features for 723 S CHARLES Street

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    60
    Parking features
    On Street, Parking Lot
    Standard status
    Active
    Size
    1,169 SF

    Taxes and HOA fees

    Tax Annual Amount
    5609

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Number of units
    1
    Building materials
    Block, Brick

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    Listing Contact
    Keith A Hawkins

    Listing agent Keith A Hawkins License #657931

    Listing office Samson Properties 10400 Odonnell Place unit: 200, Chantilly, MD

    Listing date Jan 15, 2026

    MLS# MDBA2197890

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Federal Hill location with high visibility and built‑in foot traffic.
    • OR (Office‑Residential) zoning allows for a wide range of professional and institutional uses.
    • Remodeled in 2023 with newer HVAC system.
    • Six private rooms, one bathroom, and a laundry room provide a flexible layout.
    • Four points of egress, including direct access to the parking lot and street, enhance accessibility.
    • Wheelchair accessible.

    Overview

    This ground-level commercial unit (Unit 103) was remodeled in 2023 and includes a newer HVAC system. The building construction is block and brick, designed for durability and low maintenance. The interior layout features six private rooms, one bathroom, and a dedicated laundry room, with four rooms having built-in electric fireplaces that convey with the sale. The unit is fully wheelchair accessible and includes four separate points of egress for added operational flexibility.

    Unit 103 provides access to the surrounding area through two exits that lead directly to the parking lot. In addition, there is one exit to E. Hughes Street and one interior exit through the atrium with direct access to Charles Street. The unit is located within a well-maintained building that also contains 12 one-bedroom residential units above.

    Zoned OR (Office-Residential), the space is for commercial use only and can support a broad range of professional and institutional uses. Compatible uses listed for the property include professional offices, medical and dental offices, insurance agencies, nonprofit and administrative offices, government or institutional offices, counseling services, educational or training facilities, photography studio use, and religious or community offices. This configuration—with private offices and a fully accessible layout—can fit a range of owner-users or professional tenants seeking a ground-floor environment with multiple exits.

    Local Financial Insights For Healthcare Medical

    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 $30.9k $26.40
    − Vacancy −$2.6k −$2.24
    EGI $28.2k $24.16
    − OpEx −$11.3k −$9.66
    NOI $16.9k $14.49
    1,169 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $242.0K
    $211.8K – $282.4K (±1% cap)
    NOI $16,943 @ 7.0% cap · market cap 6.16%
    Second Best
    Office B
    $232.2K
    $203.2K – $270.9K (±1% cap)
    NOI $16,252 @ 7.0% cap · market cap 5.91%
    Theoretical Best
    Office A
    $280.1K
    $245.1K – $326.7K (±1% cap)
    NOI $19,604 @ 7.0% cap · market cap 7.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Law Offices of Edward ... Consultant Exclusive Healthcare Placement Employment Agency Integrity Real Estate ... Construction Company Total Wellness Social Worker Ks Property Management ... Property Management Company

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Law Firm Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.61443
    Latitude
    39.28037

    FAQs

    What type of property is this?
    Office units - Ground-level remodeled office unit with wheelchair accessibility, multiple egress points, and six private rooms suitable for professional use.
    Where is this office units located?
    The property is located at 723 S CHARLES Street Baltimore, MD.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Prime Federal Hill location with high visibility and built‑in foot traffic.; OR (Office‑Residential) zoning allows for a wide range of professional and institutional uses.; Remodeled in 2023 with newer HVAC system.
    More about this property
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