La Plata Office Condo For
105 Centennial St La Plata, MD
For Sale
Contact for pricing
3,087 SF office condo in La Plata, Maryland.
Property Size3,087 SF
Lot Size0.04 Acres
Price / SF$226.43
Days on Market1177
Property Features for 105 Centennial St
General Information
- Standard status
- Active
- Size
- 3,087 SF
- Lot size
- 0.04 Acres
- Property subtype
- OFFICE
Listing Agency:
Shasho Consulting, P.A. Commercial Real Estate
(301) 643-6612
Listed By:
Christopher "Chris" Shasho
(301) 643-6612
Source:
Moodyscre
Added: May 8, 2023
Changed: Jul 10
Last Checked: Jul 22 at 3:41AM
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 Shasho Consulting, P.A. Commercial Real Estate
Investment Insights
Based on property information with market context.
This 3,087 square foot condominium is located on the third floor in the town of La Plata. The property features an open office space plan, a reception area, three private offices, a glass conference room, two restrooms, a kitchenette, and a storage room. Access to the space is provided by both elevator and stairs. A patio space is available. The monthly condo fees are $820.23. The property is situated close to restaurants, shopping, and government offices, and is located minutes from the University of Maryland Charles Regional Medical Center.
Key Highlights
- Spacious 3,087 sf condominium.
- Open office space plan featuring a reception area, three private offices, glass conference room, two restrooms, kitchenette, and storage room.
- Conveniently located in La Plata, close to restaurants, shopping, and government offices.
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.9k | $24.60 |
| − Vacancy | −$13.1k | −$4.23 |
| EGI | $62.9k | $20.37 |
| − OpEx | −$15.7k | −$5.09 |
| NOI | $47.2k | $15.28 |
3,087 SF · lease $24.60/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$673.7K
$589.5K – $786.0K
NOI $47,159 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$43.35M
$37.93M – $50.57M
NOI $3,034,242 @ 7.0% cap · market cap 434.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - 3,087 SF office condo in La Plata, Maryland.
Where is this office units located?
The property is located at 105 Centennial St La Plata, MD.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Spacious 3,087 sf condominium.; Open office space plan featuring a reception area, three private offices, glass conference room, two restrooms, kitchenette, and storage room.; Conveniently located in La Plata, close to restaurants, shopping, and government offices.
