6100 Sq Ft Office
For Sale
$1,395,000
11680 Doolittle, Waldorf, MD 20601
6100 sq ft office building with interior upgrades.
Property Size6,100 SF
Lot Size2.00 Acres
Price / SF$228.69
Days on Market229
Property Features for 11680 Doolittle
General Information
Standard status
Active
Size
6,100 SF
Lot size
2.00 Acres
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
Coldwell Banker Premier
(301) 752-1979
Listed By:
Reuben J Lilly
(301) 843-5100
Source:
Ournexthouse
Added: Jan 13
Changed: Aug 27
Last Checked: Aug 30 at 6:01PM
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 Coldwell Banker Premier
Investment Insights
Based on property information with market context.
This is a 6100 sq ft office building featuring interior upgrades. The property is situated on a 2-acre lot, providing ample parking space.
Key Highlights
- Large 6100 sq ft office building
- Situated on a spacious 2‑acre lot
- Ample parking available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$93,187
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,863,740
$1.9M
Cap Rate 7%
$1,331,243
$1.3M
Cap Rate 9%
$1,035,411
$1.0M
Market Conditions
NOI Build-Up for 6,100 SF
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.
Gross rent
$150.1K $24.60/SF
− Vacancy
−$25.8K −$4.23/SF
EGI
$124.2K $20.37/SF
− OpEx
−$31.1K −$5.09/SF
NOI
$93.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,863,740
Cap Rate 7%
$1,331,243
Cap Rate 9%
$1,035,411
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $93,187 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$85.65M
$74.95M – $99.93M
NOI $5,995,749 @ 7.0% cap · market cap 429.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 20601, MD
27,789
Population
10,560
Households
2.6
Avg Household Size
38
Median Age
32%
College-Educated
94%
High-School Grad
47.8 sq mi
ZIP Area
581
Density / Sq Mi
$120,278
Median Household Income
$59,004
Median Earnings
$2,154
Median Rent
$380,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 6100 sq ft office building with interior upgrades.
Where is this office building located?
The property is located at 11680 Doolittle Waldorf, MD.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Large 6100 sq ft office building; Situated on a spacious 2‑acre lot; Ample parking available
