Office Space with Route
New
For Sale
$725,000
115 La Grange Avenue, La Plata, MD 20646
The property connects to U.S. Route 301 and MD Route 6.
Property Size3,750 SF
Days on Market2
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Property Features for 115 La Grange Avenue
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Building Size
3,750 SF
Listed By:
Kevin Breen · License #225027193
(540) 659-2141
Source:
Cbcworldwide
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:22AM
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 Kevin Breen
Investment Insights
Based on property information with market context.
At 115 La Grange Avenue in La Plata, this office property sits within an established commercial and professional district. Its location provides access to U.S. Route 301 and MD Route 6.
Charles County government offices and the courthouse are nearby, along with restaurants, retail, banks, medical services, and other professional businesses.
Charles County government offices and the courthouse are nearby, along with restaurants, retail, banks, medical services, and other professional businesses.
Key Highlights
- Access to U.S. Route 301 and MD Route 6
- Near Charles County government offices and the courthouse
- Nearby restaurants, retail, banking, and medical services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,287
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,740
$1.1M
Cap Rate 7%
$818,386
$818.4K
Cap Rate 9%
$636,522
$636.5K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$92.3K $24.60/SF
− Vacancy
−$15.9K −$4.23/SF
EGI
$76.4K $20.37/SF
− OpEx
−$19.1K −$5.09/SF
NOI
$57.3K $15.28/SF
Area
Charles County, MD
Vacancy
17.20%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,740
Cap Rate 7%
$818,386
Cap Rate 9%
$636,522
Alternative Uses
Best Use
Office B
$818.4K
$716.1K – $954.8K
NOI $57,287 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$52.66M
$46.07M – $61.43M
NOI $3,685,911 @ 7.0% cap · market cap 508.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 20646, MD
20,411
Population
8,263
Households
2.5
Avg Household Size
42
Median Age
33%
College-Educated
95%
High-School Grad
79.8 sq mi
ZIP Area
256
Density / Sq Mi
$130,008
Median Household Income
$62,409
Median Earnings
$1,486
Median Rent
$435,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Professional Network Solutions, Inc. — 103 Centennial St H, La Plata, MD 20646
- Potomac Professional Audio Visual Solutions — 403 Charles St, La Plata, MD 20646
Frequently Asked Questions
What type of property is this?
Office space - The property connects to U.S. Route 301 and MD Route 6.
Where is this office space located?
The property is located at 115 La Grange Avenue La Plata, MD.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Access to U.S. Route 301 and MD Route 6; Near Charles County government offices and the courthouse; Nearby restaurants, retail, banking, and medical services
