Remodeled Ground-Floor Office
723 S CHARLES Street Baltimore, MD 21230
For Sale
$275,000
Commercial Sale - BALTIMORE, MD
Property Size1,169 SF
Price / SF$235.24
Days on Market194
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
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
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Keith A Hawkins · License #657931
(240) 413-6252
Added: Jan 15
Changed: Jul 13
Last Checked: Jul 28 at 8:06AM
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.
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 1,169 SF ground‑level commercial unit (Unit 103) in a building with 12 one‑bedroom residential units above
- OR zoning: Office‑Residential. Listed uses include professional offices, medical & dental, insurance, nonprofit/admin, government/institutional, counseling, educational/training, photography studio, and religious/community offices
- Remodeled in 2023 with newer HVAC; heating is forced air and cooling is central air
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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: 1,169 SF ground‑level commercial unit (Unit 103) in a building with 12 one‑bedroom residential units above; OR zoning: Office‑Residential. Listed uses include professional offices, medical & dental, insurance, nonprofit/admin, government/institutional, counseling, educational/training, photography studio, and religious/community offices; Remodeled in 2023 with newer HVAC; heating is forced air and cooling is central air
