La Plata Commercial Condo
200 HOWARD Street, La Plata, MD 20646
- Added:
- Sep 18, 2025
- Days on Market:
- 246
- Last Refresh:
- May 21 at 10:06 pm
Property Features for 200 HOWARD Street
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 36
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 4,933 SF
Taxes and HOA fees
- Tax Annual Amount
- 5748
Building Details
- Year built
- 1998
- Number of units
- 2
- Building materials
- Block, Brick
Listing agent Anne M Hooper License #628757 (301) 870-5841
Listing office Hooper & Associates 3605 Old Washington Road, WALDORF, MD (301) 870-5841
Listing date Sep 18, 2025
MLS# MDCH2047374
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.
HighLights
- Prime location: Approx. 0.1 miles from Charles County Courthouse, Charles County Government Offices, and La Plata Town Hall
- Investment or owner‑occupant opportunity: Portfolio sale of two condominium units totaling approx. 4,933 SF
- Currently 100% leased with potential for owner occupancy: Second‑floor tenant may consider early lease release
- Zoned CB - Central Business (Town of La Plata)
- Shared access to a large parking lot: 36 unreserved striped spaces exclusively for condo association use
- Public water and sewer
Overview
Two condominium units, totaling approximately 4,933 square feet, are available for sale in La Plata, Maryland, suitable for investment or owner occupancy. Unit #101 comprises approximately 1,944 square feet, while Unit #200 offers approximately 2,939 square feet. The property is currently 100% leased to four tenants with various lease terms. The second-floor tenant may consider early release from the lease for an owner-occupant. Zoned CB - Central Business (Town of La Plata). The location is approximately 0.1 miles from the Charles County Courthouse, Charles County Government Offices, and La Plata Town Hall. The condominium units share access to a large adjacent parking lot with 36 unreserved striped spaces, owned exclusively by the Condo Association. The property benefits from public water and sewer services. The property is zoned CB - Central Business (Town of La Plata).
Financial Insights
Value Estimation Calculated for Office B
Conservative
$837.3K
NOI $75,359 @ 9.00% cap · cautious / downside scenario
Moderate
$1.08M
NOI $75,359 @ 7.00% cap · market / base-case scenario
Aggressive
$1.51M
NOI $75,359 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.4k | $24.60 |
| − Vacancy | −$20.9k | −$4.23 |
| EGI | $100.5k | $20.37 |
| − OpEx | −$25.1k | −$5.09 |
| NOI | $75.4k | $15.28 |
4,933 SF · lease $24.60/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.08M
$942.0K – $1.26M
NOI $75,359 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$69.27M
$60.61M – $80.81M
NOI $4,848,693 @ 7.0% cap · market cap 560.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- La Plata
- County
- Charles
- State
- Maryland
- Longitude
- -76.9789736
- Latitude
- 38.5287413
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Two commercial condominium units in La Plata, Maryland for sale.
Where is this office units located?
The property is located at 200 HOWARD Street La Plata, MD.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Prime location: Approx. 0.1 miles from Charles County Courthouse, Charles County Government Offices, and La Plata Town Hall; Investment or owner‑occupant opportunity: Portfolio sale of two condominium units totaling approx. 4,933 SF; Currently 100% leased with potential for owner occupancy: Second‑floor tenant may consider early lease release
