Office Suite with Private
New
For Sale
$249,900
601 POST OFFICE RD #2D 2D, Waldorf, MD 20602
Four private offices, a reception area, kitchenette, and dedicated restroom support a practical professional layout.
Property Size1,405 SF
Price / SF$177.86
Days on Market4
Property Features for 601 POST OFFICE RD #2D 2D
General Information
Standard status
Active
Size
1,405 SF
Elevators
Yes
Amenities
reception
private bathroom
corner kitchenette
glass walls
private outside balcony
storage
lake view
trees view
floor-to-ceiling glass
separately zoned A/C and heat
built-ins
Listing Agency:
Dehanas Real Estate Services
Listed By:
Eric H. Schulz · License #520372
(301) 870-1717
Source:
Keygroupmd
Added: Sep 28
Changed: Sep 30
Last Checked: Sep 30 at 12:00PM
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 Dehanas Real Estate Services
Investment Insights
Based on property information with market context.
This 1,405-square-foot office suite includes a reception area, four offices, a private bathroom, and a kitchenette. Glass partitions bring natural sightlines through the offices, including a separate private suite with floor-to-ceiling glazing and its own heating and cooling controls. Built-ins and other upgrades are part of the space, along with storage and a private outdoor balcony. Elevator and stair access serve the suite.
Shaded parking is available at the property. The suite’s configuration combines enclosed work areas with shared reception and kitchenette space.
Shaded parking is available at the property. The suite’s configuration combines enclosed work areas with shared reception and kitchenette space.
Key Highlights
- 1,405 SF office suite with reception and four offices
- Private bathroom, kitchenette, and substantial storage
- Separate suite features floor‑to‑ceiling glass and independently controlled A/C and heat
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,464
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$429,280
$429.3K
Cap Rate 7%
$306,629
$306.6K
Cap Rate 9%
$238,489
$238.5K
Market Conditions
NOI Build-Up for 1,405 SF
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.
Gross rent
$34.6K $24.60/SF
− Vacancy
−$5.9K −$4.23/SF
EGI
$28.6K $20.37/SF
− OpEx
−$7.2K −$5.09/SF
NOI
$21.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$429,280
Cap Rate 7%
$306,629
Cap Rate 9%
$238,489
Alternative Uses
Best Use
Office B
$306.6K
$268.3K – $357.7K
NOI $21,464 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$19.73M
$17.26M – $23.02M
NOI $1,380,988 @ 7.0% cap · market cap 552.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 20602, MD
28,736
Population
10,899
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
95%
High-School Grad
14.5 sq mi
ZIP Area
1,982
Density / Sq Mi
$108,733
Median Household Income
$56,893
Median Earnings
$1,803
Median Rent
$360,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Four private offices, a reception area, kitchenette, and dedicated restroom support a practical professional layout.
Where is this office units located?
The property is located at 601 POST OFFICE RD #2D 2D Waldorf, MD.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,405 SF office suite with reception and four offices; Private bathroom, kitchenette, and substantial storage; Separate suite features floor‑to‑ceiling glass and independently controlled A/C and heat
