Downtown Office Condo
200 Howard Street Unit 101 & 200 La Plata, MD 20646
For Sale
$865,000
Two office condominium units total about 4,933 SF, with one vacant and one leased, under CB zoning.
Property Size4,933 SF
Price / SF$175.35
Days on Market353
Property Features for 200 Howard Street Unit 101 & 200
General Information
Standard status
Active
Size
4,933 SF
Property subtype
Commercial
Building Details
Year Built
1998
Listing Agency:
Hooper & Associates
Listed By:
Anne M Hooper
(301) 843-5100
Source:
Ournexthouse
Added: Aug 11, 2025
Changed: Jul 27
Last Checked: Jul 27 at 9:16PM
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.
This offering includes two office condominium units totaling approximately 4,933 SF. Unit 101 consists of about 1,944 SF and is currently leased to two tenants under various lease terms. Unit 200 consists of about 2,939 SF and is vacant, and it is listed for lease. Lease agreements are available upon request. The condominium units share access to a large adjacent parking lot with 36 unreserved striped parking spaces, owned and maintained exclusively by the condominium association. The property is served by public water and sewer.
Located in the Town of La Plata, the property is zoned CB (Central Business). It is approximately 0.1 miles from the Charles County Courthouse, Charles County Government Offices, and La Plata Town Hall, supporting close-in downtown access.
Ideal for an investor seeking a multi-unit office portfolio or for an owner-occupant looking to occupy one unit while leasing the other.
Located in the Town of La Plata, the property is zoned CB (Central Business). It is approximately 0.1 miles from the Charles County Courthouse, Charles County Government Offices, and La Plata Town Hall, supporting close-in downtown access.
Ideal for an investor seeking a multi-unit office portfolio or for an owner-occupant looking to occupy one unit while leasing the other.
Key Highlights
- Two office condominium units totaling about 4,933 SF in downtown La Plata
- Unit #101 totals 1,944 SF and is leased to two tenants under various lease terms
- Unit #200 totals 2,939 SF and is vacant, 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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two office condominium units total about 4,933 SF, with one vacant and one leased, under CB zoning.
Where is this office units located?
The property is located at 200 Howard Street Unit 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: Two office condominium units totaling about 4,933 SF in downtown La Plata; Unit #101 totals 1,944 SF and is leased to two tenants under various lease terms; Unit #200 totals 2,939 SF and is vacant, listed for lease at $3,076/month plus utilities and CAM
