200 Howard St #101 & 200 La Plata, MD 20646
Two condominium units in La Plata, currently 100% leased.
- Added:
- Sep 17, 2025
- Days on Market:
- 301
- 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
Listing office HOOPER & ASSOCIATES (301) 870-5841
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
Investment Insights
Based on property information with market context.
Key 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.
Local 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 | $121.4k | $24.60 |
| − Vacancy | −$20.9k | −$4.23 |
| EGI | $100.5k | $20.37 |
| − OpEx | −$25.1k | −$5.09 |
| NOI | $75.4k | $15.28 |
