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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: 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.

We can help!

Contact an agent

ANNE M HOOPER

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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

Added:: Sep 17, 2025
Days on Market:: 289
Last Refresh:: May 10 at 11:45 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!

Contact an agent

ANNE M HOOPER

Listing office HOOPER & ASSOCIATES

Listing date Sep 17, 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.

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

Map

City: La Plata
County: Charles
State: Maryland
Longitude: -76.9981
Latitude: 38.5166

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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: 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.