Downtown Office Condominium
200 HOWARD Street La Plata, MD 20646
For Sale
$865,000
Commercial Sale - LA PLATA, MD
Property Size4,933 SF
Price / SF$175.35
Days on Market314
Property Features for 200 HOWARD Street
General Information
Property type
Other
Property subtype
Office
Parking
36
Parking features
Parking Lot
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
5748
Building Details
Year built
1998
Number of units
2
Building materials
Block, Brick
Listing Agency:
Hooper & Associates
(301) 870-5841
Listed By:
Anne M Hooper · License #628757
(301) 870-5841
Added: Sep 18, 2025
Changed: Jun 17
Last Checked: Jul 28 at 8:06AM
MLS# MDCH2047374
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The offering includes two office condominium units totaling approximately 4,933 SF. Unit #101 is occupied and leased to two tenants under various lease terms, and Unit #200 is vacant and available for lease. The condominium association provides shared access to a large adjacent parking lot with 36 unreserved, striped parking spaces, owned and maintained exclusively by the association.
Located within the Town of La Plata and zoned CB (Central Business), the property is served by public water and sewer. It is approximately 0.1 miles from the Charles County Courthouse, Charles County Government Offices, and La Plata Town Hall, supporting straightforward convenience for office users and business operations.
This configuration suits investors seeking a small, two-unit office portfolio with an existing occupied unit and a separately marketable vacant unit. It may also appeal to owner-occupants who want nearby downtown access while retaining the ability to lease the additional unit. Lease agreements and related information are available upon request.
Located within the Town of La Plata and zoned CB (Central Business), the property is served by public water and sewer. It is approximately 0.1 miles from the Charles County Courthouse, Charles County Government Offices, and La Plata Town Hall, supporting straightforward convenience for office users and business operations.
This configuration suits investors seeking a small, two-unit office portfolio with an existing occupied unit and a separately marketable vacant unit. It may also appeal to owner-occupants who want nearby downtown access while retaining the ability to lease the additional unit. Lease agreements and related information are available upon request.
Key Highlights
- Two office condominium units totaling approx. 4,933 SF: Unit #101 (1,944 SF) and Unit #200 (2,939 SF).
- Unit #101 is leased to two tenants under various lease terms, with one office listed for lease at $450/month.
- Unit #200 is vacant and listed for lease at $3,076/month plus utilities and CAM.
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 |
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
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two office condominium units offer leasing flexibility, including a vacant suite, with shared access to 36 parking spaces.
Where is this office units located?
The property is located at 200 HOWARD Street 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: Two office condominium units totaling approx. 4,933 SF: Unit #101 (1,944 SF) and Unit #200 (2,939 SF).; Unit #101 is leased to two tenants under various lease terms, with one office listed for lease at $450/month.; Unit #200 is vacant and listed for lease at $3,076/month plus utilities and CAM.
