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La Plata Retail/Office Condo

105 CENTENNIAL St 301, La Plata, MD 20646

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For Sale

$839,000

Retail/Office condo in La Plata, MD, leased to Meridian Gym.

Type:Commercial

Property size:

4,795 SF

Lot size:

0.11 Acres

Price / SF:

$174/SF

HighLights

Over 8.5% CAP Rate Investment Opportunity
NNN Lease in Place Until July 31, 2028 with Renewal Option
Estimated NOI (2025) = $72,930 (Includes 5% Vacancy Rate)
Large Office/Retail Condominium Unit (Approx. 4,795 SF)
Prime Location in Heart of La Plata, MD near Key Government and Medical Facilities
Multiple Entrances and Outdoor Patio

We can help!

Contact an agent

Anne M Hooper

Learn more

For Sale

$839,000

Retail/Office condo in La Plata, MD, leased to Meridian Gym.

Type:Commercial

Property size:

4,795 SF

Lot size:

0.11 Acres

Price / SF:

$174/SF

Added:: Mar 11, 2026
Days on Market:: 118
Last Refresh:: Jul 2 at 5:27 pm

Property Features for 105 CENTENNIAL St 301

General Information

Standard status: Active
Size: 4,795 SF
Lot size: 0.11 Acres
Property subtype: Commercial

Building Details

Year Built: 2007

We can help!

Contact an agent

Anne M Hooper

Listing office Hooper & Associates

Listing date Mar 11, 2026

Source Elliman

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 Hooper & Associates

HighLights

Over 8.5% CAP Rate Investment Opportunity
NNN Lease in Place Until July 31, 2028 with Renewal Option
Estimated NOI (2025) = $72,930 (Includes 5% Vacancy Rate)
Large Office/Retail Condominium Unit (Approx. 4,795 SF)
Prime Location in Heart of La Plata, MD near Key Government and Medical Facilities
Multiple Entrances and Outdoor Patio

Overview

This office/retail condominium unit, approximately 4,795 square feet, is located on the first floor in the heart of La Plata, Maryland. The floor plan includes a private office, two 2-stall restrooms, an open floor area with a sales counter, and an outdoor patio. The space features three entrances to the exterior parking area and one entrance onto the patio. The property is in close proximity to the Charles County Courthouse, Charles Regional Medical Center, Charles County Government Offices, and La Plata Town Hall. Currently, the property is leased by Meridian Gym until July 31, 2028, with a negotiated three-year renewal term. The estimated Net Operating Income (NOI) for 2025 is $72,930, which includes a 5% vacancy rate. The lease is NNN. The seller is motivated, and this is an investment sale with over an 8.5% CAP rate.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$86.3k	$18.00
− Vacancy	−$8.6k	−$1.80
EGI	$77.7k	$16.20
− OpEx	−$23.3k	−$4.86
NOI	$54.4k	$11.34

4,795 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$776.8K

$679.7K – $906.3K (±1% cap)

NOI $54,375 @ 7.0% cap · market cap 6.48%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$67.33M

$58.91M – $78.55M (±1% cap)

NOI $4,713,052 @ 7.0% cap · market cap 561.75%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Fitness centers & gyms

Suggested Use

Similar Places Nearby

Coal Road CrossFit — 403 Charles St #2a, La Plata, MD 20646
Zentral Station — 113 Howard St Suite 201, 2nd Floor, La Plata, MD 20646
eQuillibrium Fitness — 105 Centennial St Suite K, La Plata, MD 20646
Meridian Fitness Club — 105 Centennial St, La Plata, MD 20646
La Plata Wellness Center — 103 Centennial St A, La Plata, MD 20646

Location Insight

Map
Local Demand

City: La Plata
County: Charles
State: Maryland
Longitude: -76.9795
Latitude: 38.5274

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For sale
Fitness centers & gyms
MD
La Plata
20646
105 CENTENNIAL St 301

What type of property is this?

Fitness center & gym - Retail/Office condo in La Plata, MD, leased to Meridian Gym.

Where is this fitness center & gym located?

The property is located at 105 CENTENNIAL St 301 La Plata, MD.

What is the asking price?

The asking price for this property is $839,000.

What are key features of this property?

This property features: Over 8.5% CAP Rate Investment Opportunity; NNN Lease in Place Until July 31, 2028 with Renewal Option; Estimated NOI (2025) = $72,930 (Includes 5% Vacancy Rate)