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For sale
Office Units
MD
La Plata
20646
200 HOWARD St 101 & 200

La Plata Condominium Units Portfolio

200 HOWARD St 101 & 200, La Plata, MD 20646

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For Sale

$865,000

Two condominium units in La Plata, currently 100% leased.

Type:Commercial

Property size:

4,933 SF

Price / SF:

$175/SF

HighLights

Prime location: just 0.1 miles from Charles County Courthouse, Government Offices, and La Plata Town Hall.
Two condominium units totaling approximately 4,933 SF in the heart of La Plata.
Currently 100% leased with potential for owner occupancy.
Zoned CB - Central Business (Town of La Plata).
Shared access to a large adjacent parking lot (36 unreserved striped spaces).
Public water and sewer.

We can help!

Listing Contact

Anne M Hooper

Learn more

For Sale

$865,000

Two condominium units in La Plata, currently 100% leased.

Type:Commercial

Property size:

4,933 SF

Price / SF:

$175/SF

Added:: Apr 24, 2026
Days on Market:: 53
Last Refresh:: Apr 24 at 5:49 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

We can help!

Listing Contact

Anne M Hooper

Listing agent Anne M Hooper License #628757

Listing office Hooper & Associates

Listing date Apr 24, 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

Prime location: just 0.1 miles from Charles County Courthouse, Government Offices, and La Plata Town Hall.
Two condominium units totaling approximately 4,933 SF in the heart of La Plata.
Currently 100% leased with potential for owner occupancy.
Zoned CB - Central Business (Town of La Plata).
Shared access to a large adjacent parking lot (36 unreserved striped spaces).
Public water and sewer.

Overview

This portfolio sale features two condominium units located in 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 to four tenants with varying lease terms. The second-floor tenant may consider an early release from the lease for an owner-occupant. Zoned CB - Central Business (Town of La Plata). Public water and sewer are available. The location is 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. The location has a walk score of 68, indicating it is somewhat walkable, and a bike score of 44, meaning it is somewhat bikeable. This property is suitable for investment or owner occupancy.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 Uses

Best Use

Office B

$1.08M

$942.0K – $1.26M (±1% cap)

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 (±1% cap)

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

Suggested Use

Location Insight

Map
Local Demand

City: La Plata
County: Charles
State: Maryland
Longitude: -76.9789736
Latitude: 38.5287413

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For sale
Office Units
MD
La Plata
20646
200 HOWARD St 101 & 200

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: just 0.1 miles from Charles County Courthouse, Government Offices, and La Plata Town Hall.; Two condominium units totaling approximately 4,933 SF in the heart of La Plata.; Currently 100% leased with potential for owner occupancy.