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    Property profile & analytics

    1044 Charles St Baltimore, MD 21230-4057

    • Investment properties
    • 7,747 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $455,000
    Location Intelligence
    Property ID
    US40-1011462
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Smitty's Liquor Co. / Liquor Store / Beer Store

    Property Details for 1044 Charles St

    Year built
    1900
    Construction
    BRICK
    Lot size
    0.07 lot acres
    Property size
    7,747 SF
    Zone code
    C-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    23-03-0933 -017
    APU
    23030933017

    Description

    This exceptional mixed-use property, located at 1044 S Charles St in Baltimore, MD's desirable Federal Hill neighborhood, presents a compelling value-add investment opportunity. The 7,747 square foot building, constructed in 1900 and boasting three stories, currently generates a NOI of $102,000 with a 6.38% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $165,351 and a 10.33% cap rate, reflecting substantial upside potential. The property is comprised of five units: a ground floor storefront currently leased to a liquor store with seven years remaining on a stable lease, and four residential apartment units above, all currently at 100% occupancy. This corner lot location offers exceptional visibility and accessibility, further enhancing the value of the commercial space. The strong rental demand in Federal Hill, coupled with the long-term lease and the potential for rental income growth in the residential units, makes this a highly attractive investment for those seeking both stability and significant appreciation. The asking price is $1,600,000, translating to $206.53 per square foot. This property offers a diversified income stream and a prime location in a thriving Baltimore neighborhood.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $455,000

    • CAP approach

      CAP return
      Estimation
      6%
      $435,000
      6.5%
      $435,000
      7%
      $445,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $490,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $490,000
      Retail
      $480,000
      Mixed-Use
      $470,000
      Hospitality
      $490,000
      Educational
      $500,000
      Residential Income
      $510,000
      Energy
      $470,000
      Income-Based Land
      $465,000
      Food Service
      $480,000

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6146
    Latitude
    39.2769
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,711
    $455,700
    $252,400
    $708,100
    -
    $455,700
    $252,400
    $708,100

    Comparable in this City

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      2506 Washington Blvd

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      813 Washington Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,530 SF
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    • Value Estimation
      $630,000
      2,598 SF

      1014 Charles St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,598 SF
      1014 Charles St, Baltimore, MD 21230-4008
      View Details
    • Value Estimation
      $155,000
      1,176 SF

      2731 Manokin St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,176 SF
      2731 Manokin St, Baltimore, MD 21230-3122
      View Details

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    1044 Charles St
    Baltimore, MD 21230-4057
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    Realmo Value Estimation

    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.

    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.

    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
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