La Plata Condominium Units
200 Howard St #101 & 200, La Plata, MD 20646
Two condominium units in La Plata, currently 100% leased.
Type:Commercial
Property size:
4,933 SFPrice / SF:
$175/SF- Added:
- Sep 18, 2025
- Days on Market:
- 242
- Last Refresh:
- Apr 5 at 10:15 pm
Property Features for 200 Howard St #101 & 200
General Information
- Standard status
- Active
- Size
- 4,933 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1998
Listing agent ANNE M HOOPER License #628757
Listing office HOOPER & ASSOCIATES (301) 870-5841
Listing date Sep 18, 2025
Source Corcoran
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
- 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 early release: Second‑floor tenant may consider early lease termination for owner occupancy.
- Zoned CB - Central Business (Town of La Plata): Suitable for a variety of business uses.
- Ample parking: Condo units share access to a large adjacent parking lot with 36 unreserved striped spaces.
- Public water and sewer: Ensures reliable utility services.
Overview
This portfolio sale features two condominium units located in the heart of La Plata, totaling approximately 4,933 square feet. Unit #101 comprises approximately 1,944 square feet, while Unit #200 offers approximately 2,939 square feet. The property is currently 100% leased by four tenants with various lease terms. The second-floor tenant would consider an early release from the lease for an owner occupant. Zoned CB - Central Business (Town of La Plata). Public water and sewer services are available. The property benefits from a prime location 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. This property is suitable for investment or owner occupancy.
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.
Location Intelligence
Current Use by Public Records
Office Units
Map
- City
- La Plata
- County
- Charles
- State
- Maryland
- Longitude
- -76.9981
- Latitude
- 38.5166
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Two condominium units in La Plata, currently 100% leased.
Where is this office units located?
The property is located at 200 Howard St #101 & 200 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 early release: Second‑floor tenant may consider early lease termination for owner occupancy.
