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602 E Charles St 3,020 SF 100% Leased Office Building La Plata, MD 20646 $1,250,000 ($413.91/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Street-level commercial visibility
- Long term tenents
- Mixed-use property
EXECUTIVE SUMMARY
Welcome to The Charles Seven — a rare, turn-key mixed-use property offering both stable income and long-term growth potential. Perfectly positioned along the vibrant Charles Street corridor, this property combines modern residential living with street-level commercial visibility, making it ideal for investors, owner-occupants, or entrepreneurs seeking a flexible asset in a thriving Southern Maryland community.
This well-maintained building features seven total units — five residential apartments and two commercial spaces — designed for function, comfort, and convenience. Each apartment offers spacious layouts, updated kitchens, and in-unit amenities suited for today’s renters. The commercial units boast prime street frontage, high visibility, and steady traffic, perfect for boutique retail, office, or service-based tenants.
This well-maintained building features seven total units — five residential apartments and two commercial spaces — designed for function, comfort, and convenience. Each apartment offers spacious layouts, updated kitchens, and in-unit amenities suited for today’s renters. The commercial units boast prime street frontage, high visibility, and steady traffic, perfect for boutique retail, office, or service-based tenants.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
3,020 SF
Building Class
B
Year Built
1993
Price
$1,250,000
Price Per SF
$413.91
Cap Rate
8.50%
NOI
$106,250
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,606 SF
Slab To Slab
8’
Building FAR
0.77
Lot Size
0.09 AC
Zoning
CB
Parking
6 Spaces (1.99 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 01-005057 | Total Assessment | $653,667 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-005057
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$653,667 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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602 E Charles St
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