Office Condominium
For Sale
$865,000
Pending
200 HOWARD STREET Unit 101 & 200, La Plata, MD 20646
Two office condominium units offer a mix of leased and vacant space within La Plata’s CB-zoned central business district.
Property Size4,933 SF
Days on Market407
Property Features for 200 HOWARD STREET Unit 101 & 200
General Information
Standard status
Pending
Size
4,933 SF
Property subtype
Office
Zoning
CB
Additional Details
Utilities to Site
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$5,748
Building Details
Building Size
4,933 SF
Year Built
1998
Tenancy
Multi
Listing Agency:
Hooper & Associates
Listed By:
Anne M Hooper · License #628757
(301) 870-5841
Source:
Kerishull
Added: Sep 18, 2025
Changed: Oct 25
Last Checked: Oct 28 at 6:11PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium portfolio includes two units totaling 4,933 SF. Unit 101 contains 1,944 SF and is occupied by two tenants under separate lease terms, while Unit 200 provides 2,939 SF of vacant office space. The property was built in 1998 and is served by public water and sewer.
Located at 200 Howard Street in La Plata, the units are approximately 0.1 miles from the Charles County Courthouse, Charles County Government Offices, and La Plata Town Hall. The property is zoned CB (Central Business), and the condominium association owns and maintains an adjacent parking area with 36 unreserved striped spaces. Lease agreements are available upon request.
Located at 200 Howard Street in La Plata, the units are approximately 0.1 miles from the Charles County Courthouse, Charles County Government Offices, and La Plata Town Hall. The property is zoned CB (Central Business), and the condominium association owns and maintains an adjacent parking area with 36 unreserved striped spaces. Lease agreements are available upon request.
Key Highlights
- Two office condominium units totaling 4,933 SF
- Unit 101 includes 1,944 SF and two existing tenants
- Unit 200 provides 2,939 SF of vacant office space
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
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
954
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two office condominium units offer a mix of leased and vacant space within La Plata’s CB-zoned central business district.
Where is this office unit 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 4,933 SF; Unit 101 includes 1,944 SF and two existing tenants; Unit 200 provides 2,939 SF of vacant office space
