Remodeled Office Unit with
723 S Charles St Unit 103 Baltimore, MD 21230
New
723 S Charles St Unit 103, Baltimore, MD, 21230
$275,000
For Sale
$275,000
Ground-level, fully wheelchair-accessible office unit with six private rooms and multiple egress points.
Property Size1,169 SF
Price / SF$235.24
Days on Market2
Property Features for 723 S Charles St Unit 103
General Information
- Standard status
- Active
- Size
- 1,169 SF
Building Details
- Year Built
- 1985
Listing agency
Samson Properties
(240) 413-6252
Listed by
Keith A Hawkins · License #0225243770
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 3:57PM Checked: Jul 22 at 3:57PM
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
Investment Insights
Based on property information with market context.
Unit 103 is a ground-level commercial office space remodeled in 2023, including a newer HVAC system. The building is constructed of block and brick. The unit is laid out with six private rooms, one bathroom, and a dedicated laundry room, and four of the rooms feature electric fireplaces built into the wall and included with the sale. The space is fully wheelchair accessible and includes four separate points of egress, including two exits to the parking lot, one exit to E. Hughes Street, and one interior exit through the atrium with direct access to Charles Street.
The property is zoned OR (Office–Residential) and the commercial unit can only be used for commercial purposes, not residential. The condo fee is $500 per month. Unit 103 is located in a well-maintained building with 12 one-bedroom residential units above, and the unit is positioned for street-level use on the ground floor.
The unit’s configuration supports professional office and consulting-style use, with multiple exam/office rooms within a durable, low-maintenance block-and-brick shell.
The property is zoned OR (Office–Residential) and the commercial unit can only be used for commercial purposes, not residential. The condo fee is $500 per month. Unit 103 is located in a well-maintained building with 12 one-bedroom residential units above, and the unit is positioned for street-level use on the ground floor.
The unit’s configuration supports professional office and consulting-style use, with multiple exam/office rooms within a durable, low-maintenance block-and-brick shell.
Key Highlights
- 1,169 SF ground‑level commercial unit (Unit 103) in a building built in 1985, with office/residential zoning OR (Office–Residential).
- Remodeled in 2023 and includes a newer HVAC system, helping reduce near‑term capital expenditure.
- Fully wheelchair accessible with four separate points of egress: two exits to the parking lot, one to E. Hughes St, and one interior exit via the atrium to Charles St.
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
NOI $16,943 @ 7.0% cap · market cap 6.16%
Second Best
Office B
$232.2K
$203.2K – $270.9K
NOI $16,252 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$280.1K
$245.1K – $326.7K
NOI $19,604 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Law Offices of Edward ...
Consultant
Exclusive Healthcare Placement
Employment Agency
Integrity Real Estate ...
Construction Company
Total Wellness
Counselor
Ks Property Management ...
Property Management Company
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FAQs
What type of property is this?
Office units - Ground-level, fully wheelchair-accessible office unit with six private rooms and multiple egress points.
Where is this office units located?
The property is located at 723 S Charles St Unit 103 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: 1,169 SF ground‑level commercial unit (Unit 103) in a building built in 1985, with office/residential zoning OR (Office–Residential).; Remodeled in 2023 and includes a newer HVAC system, helping reduce near‑term capital expenditure.; Fully wheelchair accessible with four separate points of egress: two exits to the parking lot, one to E. Hughes St, and one interior exit via the atrium to Charles St.
