Lower-Level Flex Space with Natural
For Sale
$145,000
723 S CHARLES ST #LL2 LL2, Baltimore, MD 21230
Compact mixed-use unit offering a flexible lower-level layout for office, wellness, consulting, or creative work.
Property Size684 SF
Price / SF$211.99
Days on Market96
Property Features for 723 S CHARLES ST #LL2 LL2
General Information
Standard status
Active
Size
684 SF
Additional Details
Floor
Lower Level
Listing Agency:
Coldwell Banker Realty
(301) 983-0202
Listed By:
Jody Bell · License #657917
(240) 674-3937
Source:
Towncentermd
Added: Jul 13
Changed: Oct 10
Last Checked: Oct 14 at 11:05PM
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
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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.
Unit LL2 is a 684-square-foot lower-level flex space at 723 S Charles St in Baltimore’s Federal Hill area. The mixed-use layout is suited to smaller business operations, including consulting, wellness services, private offices, and creative workspaces. Natural light adds functionality to the below-grade setting.
The unit is offered for sale and may be combined with Unit 102 to create a larger contiguous occupancy. Its location in South Baltimore provides a setting for users seeking a compact commercial footprint within an established urban district.
The unit is offered for sale and may be combined with Unit 102 to create a larger contiguous occupancy. Its location in South Baltimore provides a setting for users seeking a compact commercial footprint within an established urban district.
Key Highlights
- 684 SF lower‑level flex space
- Natural light in a below‑grade commercial unit
- Mixed‑use layout for office, wellness, consulting, or creative users
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,509
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,180
$190.2K
Cap Rate 7%
$135,843
$135.8K
Cap Rate 9%
$105,656
$105.7K
Market Conditions
NOI Build-Up for 684 SF
Gross rent
$15.2K $22.20/SF
− Vacancy
−$2.5K −$3.66/SF
EGI
$12.7K $18.54/SF
− OpEx
−$3.2K −$4.63/SF
NOI
$9.5K $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%
$190,180
Cap Rate 7%
$135,843
Cap Rate 9%
$105,656
Alternative Uses
Best Use
Office B
$135.8K
$118.9K – $158.5K
NOI $9,509 @ 7.0% cap · market cap 6.56%
Second Best
Flex RnD
$105.8K
$92.5K – $123.4K
NOI $7,403 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$163.9K
$143.4K – $191.2K
NOI $11,471 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 21230, MD
36,660
Population
18,070
Households
2
Avg Household Size
33
Median Age
59%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
5,819
Density / Sq Mi
$94,164
Median Household Income
$69,973
Median Earnings
$1,771
Median Rent
$327,700
Median Home Value
Market
Vacancy Rate% for Office in Baltimore, MD
Similar Off Market Nearby
- Hungry Food Truck — 1402 ward st, baltimore, md 21230
Frequently Asked Questions
What type of property is this?
Flex space - Compact mixed-use unit offering a flexible lower-level layout for office, wellness, consulting, or creative work.
Where is this flex space located?
The property is located at 723 S CHARLES ST #LL2 LL2 Baltimore, MD.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 684 SF lower‑level flex space; Natural light in a below‑grade commercial unit; Mixed‑use layout for office, wellness, consulting, or creative users
