La Plata Condominium Units
200 Howard St #101 & 200, La Plata, MD 20646
For Sale
$865,000
Pending
Two condominium units in La Plata, currently 100% leased.
Property Size4,933 SF
Days on Market418
Property Features for 200 Howard St #101 & 200
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
HOOPER & ASSOCIATES
(301) 870-5841
Listed By:
ANNE M HOOPER · License #628757
(443) 977-9613
Source:
Corcoran
Added: Sep 18, 2025
Changed: Nov 8
Last Checked: Nov 8 at 5:18AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,359
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,507,180
$1.5M
Cap Rate 7%
$1,076,557
$1.1M
Cap Rate 9%
$837,322
$837.3K
Market Conditions
NOI Build-Up for 4,933 SF
Gross rent
$121.4K $24.60/SF
− Vacancy
−$20.9K −$4.23/SF
EGI
$100.5K $20.37/SF
− OpEx
−$25.1K −$5.09/SF
NOI
$75.4K $15.28/SF
Area
Charles County, MD
Vacancy
17.20%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,507,180
Cap Rate 7%
$1,076,557
Cap Rate 9%
$837,322
Alternative Uses
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
Office A
$1.83M
$1.60M – $2.13M
NOI $128,059 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 20646, MD
20,411
Population
8,263
Households
2.5
Avg Household Size
42
Median Age
33%
College-Educated
95%
High-School Grad
79.8 sq mi
ZIP Area
256
Density / Sq Mi
$130,008
Median Household Income
$62,409
Median Earnings
$1,486
Median Rent
$435,100
Median Home Value
Market
Average Price Trend$/SF for Office Units in Charles County, MD
Properties on Market for Office Units in Charles County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two condominium units in La Plata, currently 100% leased.
Where is this office unit 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.
